Money in the Bank

by Donna Ryder

An old-fashioned bank is a place where people deposit their money in order to earn interest. The term can also refer to the institution itself, as well as its employees and customers who must follow certain rules of conduct or risk being removed from service. Bank robberies often involve breaking into these facilities by force with guns drawn because they are usually not open for business during off hours such as evenings and weekends when they have no guards present on site protecting them against intruders entering at will without warning. Recently there was an incident involving one man's relentless struggle this past weekend after he broke through a window following what sounds like it could be his first ever successful robbery attempt! Police officers arrived within minutes but were unable to make any arrests before he made good


Banks are the lifeblood of our economy. They're what keep commerce running, and they ensure that we can have a stable system to work off of in order to maintain economic stability for all citizens across the country. If it weren't for banks, how long do you think this money would last? The answer is not very much at all!


Without any real currency at all (cash) circulating between individuals instead only transfers from one bank account to another there wouldn’t be enough money flowing through society which means no ability to buy or sell things legally without having cash on hand first; so essentially if people couldn’t withdraw their hard-earned savings every time they needed some extra spending power then society as we know it might collapse


Recently, I was on the phone with a friend of mine from California who just purchased his first home. He's a single father and he's in his early 30s. He was upset that his parents had never stressed the importance of owning a home or even talked to him about how to save. “Man, I'm just thinking about all of the money I wasted when I was younger,” he complained. It's true, before we had kids, what were we spending our money on? Remember when we could shop at the store and it was all about us? Didn't have to worry about somebody putting Dora cookies or fruit roll-ups in the shopping cart?


It's an understatement to say that becoming a parent changes everything, especially our financial situation. I know as a single parent it can be hard to juggle work and bills while trying to take care of kids who have soccer classes or other obligations coming up. It can feel impossible when you're still juggling day-to-day expenses like the plumber bill but also want to save for your future by purchasing your first home with enough room for all those little ones in tow. But it is possible!


When Shirronda and I first decided to purchase a home together, one of the things we did aside from making a wishlist for the type of house that we wanted was to decide what to do with the house. We knew eventually we would move into our own single-family homes but we were in agreement that we would always keep the two-family for the girls. They can share one of the apartments and rent out the other or they can live in their own unit. Whatever they decide to do, at least they will have options.

That's really the best gift we can give our kids. Options. Teaching kids about financial responsibility will ensure that they have many options. You can open up a savings account, an online brokerage account, start a 529 college savings fund, there are a variety of ways that you can show your kids how to save and how to help them understand the value of a dollar.


Rent is a substantial monthly cost, which can make it difficult to save for your own home. If you're considering buying one of those dream homes in the neighborhood where all of your friends live and work but don't have any money left over at the end of every month, then this article might be helpful! First off think about what kind of lifestyle changes and sacrifices might be necessary in order to meet the monthly payments. Are there any bills or debts that need paying off first before making big purchases like buying a place is not an option? Next, look at alternatives such as moving into student housing which could mean more affordable rates and living with roommates who could help shoulder expenses so you won't have as much pressure financially speaking. Finally keep this quote from Benjamin Franklin close by: "


Get your credit report. See if you have anything negative on it and then fix it. It may take a few months or a year, but start working on it now. Open up an account for your down payment and have a certain amount of money from your paycheck deposited into that account every pay period. Figure out ways you can trim down your budget to save, i.e. bringing a lunch to work rather than eating out, kicking that smoking habit, etc.


Also, look into doing a FHA loan as opposed to a conventional loan. The down payments are smaller. Start looking for a realtor, if you can't qualify for a mortgage, they will tell you why and what you need to do in order to get a home.


Owning a home is one of the best investments you can make. We'll give some benefits like tax write-offs and being able to pull equity out if we need money, but there are also other perks that come with owning your own house too! You're probably not going to find many people who will ever say no when asked for help around their place because homeownership means knowing how important it is to lend a helping hand in any situation.


Let them form their opinions about money by watching you save and spending it the right way.