14. April 2011 08:01
With debit cards and credit cards becoming the most popular mode of payment, are people forgetting the concept of paying by checks? The truth is that there are a number of advantages of using personal checks for making your payments. For people who thought that the use of checks is becoming obsolete, here is some news. As per the information revealed by the Federal Trade Commission, there are more than thirty three billion checks written each year. This is a far cry from becoming obsolete!
Are you wondering why people are still using checks? Well, there are a number of advantages of using personal checks for your transactions. First of all, using checks will help you stay within your spending limits. Unlike credit and debit cards where the chances of overshooting the funds available are high, checks ensure you stick to your budget. Writing out a check will make you see the truth about the frivolous lifestyle you are leading and help you stay out of debts.
Personal checks come with check registers or duplicate checks, both of which can be used to track the payments that you have been making. Hence, unlike in the case of debit and credit cards, you will not have to wait for your monthly statements to see how you have been spending your money.
Just imagine your landlord asking you for rent. Or, your friend asking you to return the money you borrowed. You surely cannot use the debit or credit card in your wallet to make these payments! You will have to fall back on personal checks or cheap checks to repay the dues to them. Similarly, you would have to write out checks for the babysitter you hired, or to send a gift to your dear grand daughter who just turned 8! None of the cards can come to your help in such situations.
Finally, your check can be as unique as you. With the concept of personalizing personal checks or cheap checks online coming into play, you can design them to look the way you want. This adds some personality to the checks and reveals your personality.