How will saving his money in a checking account that yields higher interest than a savings with less restrictions hurt his finances?
I'm not interested in providing credit counseling to the "how-much-per-month" crowd. There are at least two industries providing that advice in the USA: one for-profit and one non-profit. They have quite respectable success ratios. But as they say in a joke:
I don't get it either. I don't regularly use a savings account, and I haven't pawned anything in my life. If I walk into a car dealership, I consider it a given that I can drive away in anything I want, brand new and fully loaded, with nothing more than a signature. So what is the secret I am missing?