top
DebtBlackHole.com

Debt Black Hole on Facebook Debt Black Hole on Twitter Subscribe To The DebtBlackHole
Proud Member of the Yakezie Challenge

Join The Collective!
Get FREE Email Updates:


Delivered by FeedBurner

If you're ready for a zombie apocalypse, then you're ready for any emergency. emergency.cdc.gov

.
Are Checks An Archaic Financial Tool?
Personal Finance - Banking
Written by Dave Hilton   

 

Wonder Woman Checks
Wonder Woman Checks From Checks Unlimited (NOT An Affiliate Link)

 

When was the last time you wrote a check? I couldn't even remember the last time. It was only thanks to my bank's easy online search feature (saved me at least an hour of searching through statements) I figured out it was June of last year.

 

I don't even have a checkbook anymore. However, my wife keeps checks on hand (featuring the M&M characters) for our combined account to pay for field trips, activities and other miscellaneous school expenses for the kids (for some reason, the school and PTA haven't completely joined the digital revolution). So, on the rare occasion I actually need a check, I just ask her for one of those.

 

Apparently, ours is a typical story. According to a recent story in the South Florida Sun-Sentinel, new information from the Federal Reserve says the number of checks processed in 2011 dropped 17%- the largest drop on record. Banks only processed an average of 25.3 million checks. The Fed says that's only 1/3 the number of checks processed just 20 years ago!

 

 Marvel Villain Checks
Marvel Villain Checks From Superhero Checks (NOT An Affiliate Link)

 

I don't know what it's like in your area, but there are a bunch of stores and restaurants in our area that won't even accept checks anymore without you providing your fingerprints, complete family history and a urine sample. Speaking of urine samples, most of my doctors have stopped taking them as payment, too. Too many service providers have been burned or ripped off, so they don't even want to take the chance anymore. Can't really blame them.

 

What was it like when you got your first checks? I remember how excited I was when I opened my first checking account and received my first set of cool checks (I think they were Superman) and matching checkbook in the mail. I was so proud of them and showed them off to everyone. I felt so grown up. I guess our kids get to feel the same way when they get their first debit card. Perhaps our grandchildren will get a similar feeling when they receive their first PayPal micro-implant?

 

It's still hard to believe checks are going the way of 8 Tracks & Cassettes, Beta & VHS Tapes, Bag & Brick Phones and...well...you get the idea! One of these days we'll probably be sitting in our favorite hover chair (my idea of the rocking chair of the future) telling our grandchildren about how we used to pay for things by signing pieces of static paper with pictures of our favorite TV Shows, Movies and other characters on them. Oh, the good 'ole days.

 

So before we get too old and senile to appreciate our archaic paper-based payment system, let's have some fun reminiscing about our recent history. What themed checks and checkbooks have you had? Share your favorites in the comments!

 

Welcome...To The Real World! Subscribe To The Debt Black Hole!

Click To Get Email Updates- FREE!

Debt Black Hole- Where Personal Finance & Geek Culture Collide!

 

Comments 

 
# Andrea @SoOverDebt 2012-02-27 22:17
I use checks every now and then, but not often. I actually prefer to receive checks from other people (as opposed to cash) because my bank offers remote check deposit and the nearest branch is 40 miles away. I dream of a world where everyone uses Paypal!

I've never had the cool character checks - always stuck with the free ones from the bank. But my aunt used to have some with Scooby Doo on them, and I always thought that was the coolest thing on the planet.
Reply | Reply with quote | Quote
 
 
# Dave Hilton 2012-03-01 07:32
Scooby Doo checks would be awesome! Did they have Scrappy Doo on them, too?

Like you, when receiving checks- I don't care what they look like...as long as they don't bounce!
Reply | Reply with quote | Quote
 
 
# 101centavos 2012-02-28 04:44
All the more reason not to invest in a paper check-printing company, no matter how great the dividends.
Reply | Reply with quote | Quote
 
 
# Dave Hilton 2012-03-01 07:36
I think I'd invest in companies who make TOILET PAPER instead!

In my opinion, you can NEVER have too much TOILET PAPER on hand...
Reply | Reply with quote | Quote
 
 
# funancials 2012-02-29 20:13
I don't use checks but if I did I would certainly use those. I can't believe you didn't make that an affiliate link!
Reply | Reply with quote | Quote
 
 
# Dave Hilton 2012-03-01 07:41
It's not that I didn't WANT to...but they don't have an affiliate program.

I just couldn't resist sharing them.
Reply | Reply with quote | Quote
 
 
# TB at BlueCollarWorkman 2012-07-30 10:42
Haha, true enough. What's funny actually is that I've never written a check. Before I really even had a bank account I got hitched and my wife has handled finances ever since. I know she has checks, I've seen them, they're all flowery and stuff, but I have no idea what she uses them for!
Reply | Reply with quote | Quote
 

Add comment

I encourage constructive criticism and conversation, but if you're going to act like a stuck-up, half-witted, scruffy-looking nerf-herder- I'll be forced to banish you into the 8th Dimension (and I understand the Red Lectroids from Planet 10 are not very friendly)! Have FUN!



bottom
top

DebtBlackHole On Twitter

User Login






bottom

Copyright 2008-2012 Dave Hilton - DebtBlackHole.com. All Rights Reserved | Have Questions? Email Me.