HINT: The name “check register” can be slightly misleading-remember that it is not JUST a place to track the checks you write. Whether you use the latest technology or go the traditional route, knowing how much money you have in the bank will help you stay on track and avoid any unnecessary fees. If pen and paper is a little old-fashioned for you, there are mobile check register applications available for some mobile devices. Record all transactions you make in your check register, including online bill payments and debit card purchases, as you make them. Online Banking can always be your “go to” when it comes to monitoring your transaction history and knowing your current account balance, but it’s just as important for you to keep a hard copy of your finances for your own day-to-day records. Part of responsible financial management is good record keeping. This can be useful when you want to write a check, or withdraw cash, and you need to know whether you have enough money in the account to cover it.īalancing your checkbook every month helps you: It only takes a few extra minutes every month, and the dedication to developing and sticking to good money habits.īy writing down every transaction as it occurs (including any fees, such as ATM fees) in your check register, you will have a running tally of what your current bank account balance comes to.
#Balancing checkbook how to#
Learning how to balance (or “reconcile”) your account is easy. Check out this article from Capital One on balancing your checkbook:Įven if you don’t carry a checkbook or write many checks, it’ still important to balance your checkbook. Its important to know how much you should have in your account to avoid nasty fees that can eat away at your hard earned money. Balancing a checkbook So now that we know that banks are safe and how to manage a checking account, let's talk about how to balance a checkbook.
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