Moving away from home for the first time can be a blast. This new found freedom is even more fun when you have your money situation handled. One of your first steps is to open your bank accounts.How you manage your bank accounts today will determine whether you’re able to live the lifestyle you desire tomorrow. That’s why it’s important to open a bank account and establish a relationship with a bank as soon as possible. Opening a bank account will help you to develop a proven track record which can give you advantages when you need a student loan, a car loan, student credit card or a mortgage.Why open a bank account?1. Safety - Money that is held in a FDIC insured bank is safer than holding onto cash. Your accounts are insured by the government up to $100,000 so there is not a risk of losing money.2. Interest - Everyday you have money sitting in a checking or savings account, the bank is paying you interest. Interest rates vary depending on the bank so when choosing a bank this is an important feature to compare.3. Budget planning - The right bank account will make […]

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