The financial health of an open bank account is hard to maintain
An open bank account is the reservoir of one’s financial resources, meaning that if one is in a financially good place this will typically be reflected in a healthy bank account, and if one is going through a financial slump, this is also signalled in the bank account’s lack of funds. But having an open bank account makes it difficult to maintain one’s financial health on account of the fact that spending the money in the account is a temptation very hard to resist.
Bank accounts are a necessity for most people, especially if they don’t fancy taking the risk of having to keep their money under mattresses, in tea pots and other equally impractical places. Yet, the ease with which one is able to access one’s money from the bank account in the form of card purchases ; makes it all the more easy for the money in the account o vanish as quickly as it got there. The temptation to spend money that is readily available is quite the challenge for many people who often find themselves in need of making day-to-day purchases. Financial insecurity is a reality that many people have to face, thus it is rather difficult to keep money in an open bank account.
Perhaps self discipline is the recipe to keeping an open bank account financially healthy. However, even with the most ardent saver, the possibility of having to use money unplanned is very likely.