(BPT) - When we imagine “financial literacy,” we often think about credit cards, loans and debt. But these building blocks of our financial infrastructures tend to cloud our perspective, pushing important details, like checking accounts, to the sidelines.
Checking accounts are often overlooked but are actually the backbone of personal finance and money management. Routinely using a well-kept checking account allows people to responsibly spend their money. For many, checking accounts are often children, teens and young adults’ first financial accounts, and serve as an introduction to money management and responsible spending.