How often do you balance your checkbook?? - Page 3

6-paq · 02-11-2007, 03:41 PM

Way back when before online banking, I used to call the automated teller everyday and balance our account. We use online banking now, but I have to admit that I've gotten very bad in balancing.-worried- I check both our checking/savings and our Costco Amex account very frequently, but haven't actually balanced our account in about 3 months.

Needless to say, I know that we're WAY off (not to our favor), and I'm just too tired and lazy to go back over 3 months itemizations to find the discrepancy. I'll just do a one-line adjustment and hopefully, will get back on track again.

ray:

AyeOhKay · 02-11-2007, 11:39 PM

I balance ours every 2 weeks at payday when I pay the bills. We also use online checking which makes it much more convenient. I also use Microsoft Money which makes balancing the checkbook a breeze.

ash52402 · 02-11-2007, 11:42 PM

i haven't actually balanced ours in a really long time. i check the balance online and in the checkbook and i figure as long as i have the same amount or the bank says i have more then i do in the book then i don't worry about it

chatsalot · 02-12-2007, 07:44 AM

I *always* know how much is coming out of my account and for what expensese.. I balance my acct. every week...

adkii · 02-12-2007, 08:16 AM

I check my account online 4-5 times a week and I balance it against my checkbook to make sure I have enough to cover everything.

wallace4some · 02-12-2007, 08:24 AM

I balance mine daily -- I just have to know how much we have!

lvr4jbns · 02-12-2007, 11:38 AM

Quote:

Originally Posted by Claire

I balance it with Quicken once a month, but I check my account at least once a week to make sure there are no unusual charges or anything. I don't consider online banking to be the same as balancing your checkbook, but a good tool to use to help you keep track of your accounts.

Banks have made mistakes before that you have to watch. You can't just assume that online banking is 100% accurate. JMO

I do the same. I have caught many errors and frauds keeping a close eye on my accounts, CC and checking through online banking. I do this almost daily. I download all my accounts onto Quicken, then reconcile them once a month againts the statement. I LOVE reconciling my accounts, for some odd reason I find it enjoyable. Probably because it's the only time I use my brain or oatmeal as I call it. That is what it has become from being a sahm for so long.

princessabby · 02-12-2007, 11:42 AM

I do it weekly. I have to balance it before I can write out bills. Plus...DH is ALWAYS asking what's in there.

brensmom · 02-12-2007, 12:21 PM

i do it daily then i go over my monthly statement and i use money manager executive also...i used to work for a credit union and i know how easy mistakes are just operator error and i know that people who did not balance there checkbooks then found an error and would come in were a nightmare for our book keepers and our policy was they would balance it for you once for free then after that you got charged by the hour... just a thought for those who never balance.

Midwest Mom · 02-12-2007, 12:24 PM

I learned the hard way to balance every three-four days and check it against my online account. I am in charge of the finances and my husband was using his debit card and writing checks, forgetting to let me know about them. There are days I wish we had seperate accounts! I also check my online account every few days to make sure we weren't charged something incorrectly, which has happened a few times.