Properly Balance Your Checkbook
There are just as many reasons to balance your checkbook each month as there are opportunities to secure a same day cash advance. I'll begin by sharing five excellent reasons why you should consider balancing your checkbook.
Five Good Reasons in a Nutshell
- Mistakes do happen, especially if you forget to post a transaction in your register. These mistakes — or bounced checks — could cost you $25 or more in incurring fees for each “mistake.” I'll reiterate: bounced checks could cost you $25 + in incurring fees for EACH bounced check. That's a good enough reason to balance your checkbook, isn't it?
- When your records are balanced and in order, you're more assured that your record's match the bank's.
- Remember that banks are susceptible to mistakes as well, but with their advanced technology, it's more likely that you'll make a mathematical error in the register of your checkbook before the bank does.
- If you do find a problem (or the bank does), you don't have to forage through months and months of transactions to decipher the issue.
- Become a consumer minority. Research shows that a whopping 87% of consumers forget to reconcile their checking accounts.
This is How:
Record Everything
The first step is to record everything into your checkbook register: deposits, withdrawals, checks, debits, any charges at all. ... click here to read the rest of the article titled "No Need for a Cash Advance if you Properly Balance Your Checkbook"
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