If you're paid monthly and you don't budget well, you might end up with no cash before payday. Remember that a financial institution might charge higher fees for larger denominations. You can use it to safely send money to a business or individual through the mail. Money orders are a popular alternative to cash and checks. When you make a payment with a money order, you may wonder whether the recipient received your payment.

Money is an essential aspect of life that we can't take for granted in the society we live in today.

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Ask for two money orders if the amount exceeds the maximum allowed by the financial institution you choose. Elevate your bankrate experience get insider access t. Here's what you need to know. Money orders are a printed order for payment of a specified sum, issued by a bank or post office, but can be easily tracked and canceled. If you're paid monthly and you don't budget well, you might end up with no cash before payday.

One of the biggest benefits is that it can create some extra wiggle room in your budget and also make saving up easier.

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Even just a decade ago, sending money to friends and family usually meant writing a check and dropping it in the mail.

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Personal Money Order Purchaser's Signature - How To Get & Fill Out A Money Order. Money orders are a popular alternative to cash and checks. Money orders are a printed order for payment of a specified sum, issued by a bank or post office, but can be easily tracked and canceled. Even just a decade ago, sending money to friends and family usually meant writing a check and dropping it in the mail. You can get a money order from many places, including stores dedicated to financial services, your bank or credit union, grocery stores and the post office. Ask for two money orders if the amount exceeds the maximum allowed by the financial institution you choose.