Lauren, a senior at Messmer High School, said she once used a check cashing store in a pinch. She needed to cash her check after-hours, but, after forking over $6 just to get her own money, she was left with a bold impression on the practices of check cashing stores: “Bogus!”
During a recent Make A Difference – Wisconsin Board of Directors meeting, Lauren and her classmates Johnnie and Taylor shared stories on budgeting and financial goal-setting they’ve learned from a year in our Money Coach program. To encourage peer-to-peer information sharing, students in Money Coach this year embarked on a competition to get the word out on the importance of using a bank or credit union instead of a check cashing store.
“I wouldn’t use one again,” Lauren said. “I would schedule my time better so that I could get to the bank