Chapter 6 – Give Me Liberty or Give Me Debt

Life is a lesson. You may never get an official degree in finance, but you will be a student of finances for the rest of your life. This chapter will assist you in becoming wise with money.

First, we will cover what you need to know to get started with a bank account. Becoming financially independent starts by way of responsibility with what you have been given. I’ll teach you about record keeping and statement reconciliation. Don’t worry if those terms frighten you a tad. If you build proper habits as you get started, the process is as simple as following a step-by-step list of instructions.

Then, we will forge ahead into the deep waters of credit. Credit offers some tantalizing aspects. Yet it diminishes the character trait of contentment by fogging the appreciation that comes with delayed gratification. If you’ve read about the marketing magnet in the chapter “Budgeting Your Benjamins (& Washingtons)”, you’re ready!

Topics Covered:

• Banking options
• Writing and recording checks
• Debit cards/checkcards
• Bank statement reconciliation
• Credit card use
• The truth about building credit

“DO NOT START USING CREDIT CARDS!!!!!” – Bryan, Baylor University

 

Buy Chapter 6 – Give Me Liberty or Give Me Debt

Continue to Chapter 7 – Food For Thought