According to a study by Global Workplace Analytics and FlexJobs, the remote workforce has grown by 159% since 2005, and remote workers will make up as much as 50% of the entire workforce by 2020, thanks to the ease of making money online. Who needs the 9-5 grind and struggling to pay rent in an expensive place like San Francisco or New York when you can easily make money online? Since your office can be wherever you open your laptop, more and more people are quitting their day jobs to do remote work. Learn more about how to manage your money with or without a bank account through Regions Now Banking.Now it's possible to quit your day job, make money online and work anywhere. While money orders come with a small fee, they allow you to track the payment to ensure it gets delivered to the correct recipient. Most of them accept cash, prepaid cards, and debit cards, and some accept credit cards. Money orders can be purchased several places like a bank, a post office, or some retail stores. You can use a money order to make payments, pay bills, or send money to friends or family. If prepaid cards aren’t for you, a money order may be a good option. ![]() Many reloadable prepaid cards also come with access to online banking to manage your money wherever you are with tools to help with budgeting, cash flow, and savings. “You might put a certain amount for grocery shopping and other expenses onto separate prepaid cards to help control your spending,” he explains. ![]() They also may offer fraud protection and transaction monitoring to protect your money from suspicious activity.Ī reloadable prepaid card can also help with budgeting, Wigley says. Prepaid cards can be useful for managing your money if you have a variable income, and many do not charge overdraft fees. If you don’t have a checking account, then the next question is what to do with your cash.Ĭonsider a reloadable prepaid card if you don’t have a checking account. If you have a check to cash but don’t have a checking account, you may need to rely on check cashing services, where you could incur a fee of 1 to 6 percent, or possibly more. You can also visit a participating Western Union® agent location to send cash to thousands of business to pay your bill for things like credit card, car, utilities, and mortgage for a small fee. If you need to pay bills with cash, you can visit the biller’s payment center, such as your local power company’s payment center for your electricity bill. “And since there’s no electronic record, you have to be more disciplined about keeping track of it yourself.” ![]() “Cash is not insured, so if you lose it, it’s gone,” Wigley says. If you use cash frequently, you’ll want to be mindful of budgeting, spending, and saving. If you’re looking for a checking account alternative, consider these tools to help you manage your money. “It’s not because they’re locked out by the financial institution or don’t understand how a checking account works,” he says. In fact, many qualified banking customers choose not to have checking accounts, according to Jody Wigley, Head of Now Banking at Regions Bank. Not everyone needs a traditional checking account. Fortunately, many banks offer more money management options than just checking and savings accounts. Everyone has a unique financial situation - one that may require additional banking solutions to meet specific needs.
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