The banking institutions have benefited greatly from wholesale ATM machines. They do not need to employ as many tellers to start off with and the turn around time for transactions is drastically improved. This may be great for the banks, but not necessarily for all the staff who had to be laid off to accommodate the new systems.
They do make life so much easier and less time consuming that going into a bank to withdraw cash, deposit, transfer or buy prepaid airtime. Banking has become one of the less irritating chores to deal with these days with the convenience of automated banking. Being able to send your grandchildren money is as easy as one, two, three when you use an ATM machine.
If they get away with it the first time, it is so tempting to do it just one more time, because its almost time to pay the school fees or that dancing competition for the child is coming up and there is just no extra money to pay for it. So another chance is taken, until one day that staff member has to take a couple of days off and someone takes over the workstation. Before long it is realized that something is not quite right and security is called in to investigate.
As with so many things in life, educating our children how to handle money should start at a very young age. There is nothing more exciting for a child to have their own bank card and to be able to go with you to an ATM and deposit money into their account that they may have received as a birthday gift. Or to draw money that a favorite Aunt may have deposited into their account for them.
Making a child responsible for his own money gives him a sense of pride and achievement. As they get older, they will respond more readily when being taught how to budget and save for their future. It is never too early to instill into a child the importance of taking care of their finances.
When a youngster leaves school, gets a part time job while he studies and starts earning decent money, or has to leave school and start working immediately, he will receive a salary and probably more money that he has ever had before. The easiest thing for him to do would be to go and splash out on that new pair of sunglasses he has had his eye on, or an expensive new cell phone.
Many countries have reduced the pensionable age by five years. Which means so many more older folk are in the market looking for work and the tragedy of it is that many employees do not respect the fact that the older generation come with years of experience that very few youngsters could compete with. Banking institutions and other companies should keep these things in mind when the hatchets are brought out to cut costs.
One of the first places to teach a child about the safety aspects of cash is at a wholesale ATM machines. They have to be made aware of the benefits and the dangers of these machines. Hopefully they will grow up to be sensible, wealthy adults who will happily use some of their money to take care of the old folks who took the time to teach them to be financially wise.
They do make life so much easier and less time consuming that going into a bank to withdraw cash, deposit, transfer or buy prepaid airtime. Banking has become one of the less irritating chores to deal with these days with the convenience of automated banking. Being able to send your grandchildren money is as easy as one, two, three when you use an ATM machine.
If they get away with it the first time, it is so tempting to do it just one more time, because its almost time to pay the school fees or that dancing competition for the child is coming up and there is just no extra money to pay for it. So another chance is taken, until one day that staff member has to take a couple of days off and someone takes over the workstation. Before long it is realized that something is not quite right and security is called in to investigate.
As with so many things in life, educating our children how to handle money should start at a very young age. There is nothing more exciting for a child to have their own bank card and to be able to go with you to an ATM and deposit money into their account that they may have received as a birthday gift. Or to draw money that a favorite Aunt may have deposited into their account for them.
Making a child responsible for his own money gives him a sense of pride and achievement. As they get older, they will respond more readily when being taught how to budget and save for their future. It is never too early to instill into a child the importance of taking care of their finances.
When a youngster leaves school, gets a part time job while he studies and starts earning decent money, or has to leave school and start working immediately, he will receive a salary and probably more money that he has ever had before. The easiest thing for him to do would be to go and splash out on that new pair of sunglasses he has had his eye on, or an expensive new cell phone.
Many countries have reduced the pensionable age by five years. Which means so many more older folk are in the market looking for work and the tragedy of it is that many employees do not respect the fact that the older generation come with years of experience that very few youngsters could compete with. Banking institutions and other companies should keep these things in mind when the hatchets are brought out to cut costs.
One of the first places to teach a child about the safety aspects of cash is at a wholesale ATM machines. They have to be made aware of the benefits and the dangers of these machines. Hopefully they will grow up to be sensible, wealthy adults who will happily use some of their money to take care of the old folks who took the time to teach them to be financially wise.
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