There’s no doubt that financially many people are hurting. It takes planning and responsibility to be on a safe financial footing. There are a few things everyone needs at least one of that are related to the betterment of one’s financial life. If you’re without any of these items you’re going to have difficulties somewhere along the line. Here are 5 things you need and the explanations why, even if a few of them you might not want to think about.

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1. Bank account.

Some people would rather just use cash and never have a bank account but in today’s world, having a bank account is paramount to being able to survive. We can’t put thousands of dollars in our homes for risk of being robbed or something happening to our homes. Most company jobs these days won’t issue paper checks, and it’s hard getting checks cashed, while a bank account allows electronic deposit and immediate access to your money. There are still enough local banks where you can get free checking for a personal account, so there’s no reason not to have one.
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