Good Afternoon Students,
Some students were asking me how economics
applies to their everyday life. When a person goes online to check their
balance for their checking account, writes a check, buys and sells
stocks/bonds, file for taxes, makes purchases, buys a car, and etc,. It all
relates to economics. A person even performs what is called "cost-benefit
analysis" when deciding who they want to marry and if they want kids.
"Cost-benefit analysis" simply means the pros are weighed against the
cons. That being said, economics is everywhere. Writing a check is a simple concept but not many people of this
generation knows how to fill one out. It is an important life skill that
everyone needs to know. Below are six simple steps on to write a check with six easy
steps.
 |
| An example of a check. |
- Write the date on the top right hand corner that says
date.
- Write the name of who you are making the check to on
the "pay to" line. This can either be a person or a company. *If
it is to an individual, put the first and last name*
- Write the amount of the check to the right below the
date on the dollar sign line. You need to write the exact about using
dollars and cents.
- On the "pay to the order of" line write the
monetary amount of the check in actual work form.
- Sign the check on the bottom right corner that is
labeled "MP".
- Fill out the memo section on the bottom left. This part
is optional but beneficial. It is a memo to yourself. It can also be a
place where you write your account number.
**Things to remember**
- On the bottom on your check there are several numbers.
The set furthest to the left is your routing number. The middle set is
your account number (to your checking account). The right set of numbers
is the check number.
Hopefully after reading this blog you
will be successful with writing your first check.
Best of luck,
Zahra
Work Cited
Checking Account Basics. (n.d.).
Retrieved September 18, 2015.
Why No One Knows How to Write a Check Anymore. (2015, June
15). Retrieved September 18, 2015, from http://money.usnews.com/money/blogs/my-money/2015/06/11/why-no-one-knows-how-to-write-a-check-anymore
