Abraham Lincoln once said, “You cannot bring about prosperity by discouraging thrift. You cannot establish security on borrowed money. You cannot keep out of trouble by spending more than you earn.” Lincoln was likely referring to the national economy, but his words are just as pertinent to personal finance. At TFG Card Solutions, we make it easy for individuals to monitor their spending online and stay within their budgets with our Payroll Cards. Our automatic payroll system helps employers streamline their payroll processing as well, saving money on postage and check processing.
As we celebrate President’s Day this month, we can look for personal finance tips in other famous quotes about money from past presidents:
Thomas Jefferson believed in common sense budgeting, saying, “Never spend money before you have it.”
James Garfield also trumpeted saving, stating, “Wealth can only be accumulated by the earnings of industry and the savings of frugality.”
President Jefferson also had strong opinions about the banking industry. In debating the Re-charter of the Bank Bill in 1809, he said: “The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”
While the modern banking industry is quite powerful, there has never been more transparency in personal banking. Through online banking and online bill pay, TFG Payroll Card holders receive real-time information on their personal finances wherever they are and free of charge. It helps people take control of their finances. They can easily track expenses and account balances. With direct deposit, too, people have immediate access to the money they earned.
Presidents throughout history have warned about overspending and championed individual financial rights. Our TFG Visa Payroll Card helps save business owners money and empowers employees to take control of their personal finances. Contact us about how we can help you streamline your payroll system.