![]() I have a spreadsheet with different tabs that I use to track every transaction, deposit, withdrawl. I agree with you, how do you know how much you have left? However, being that I am on the computer at least 4 times a week ALL DAY, I balance mine in excel because it has formulas for you and it minimizes the chance of adding mistakes. Ive never understood how people DONT balance it. I’ll admit I slacked off for several months a while back and I found it very stressful. I know it sounds kind of convoluted, but it works for me. I also keep a savings account that I automatically draft part of our paycheck to every week to build our emergency fund and protect us from overdraft. Another thing I do is subscribe to automatic alerts for credit card transactions and account balance. I’ve tried Quicken and Mint but they just don’t seem to suit me either. ![]() Even though I use Quickbooks for work and the PTA, I haven’t found an electronic method that suits my method. When it comes time to reconcile I just add the two balances together. I try to maintain a minimum balance in the spending money register as a cushion. The money in the bill register is not used for anything that is not on the list. When I get a draft notice or bill pay report I deduct it from the register immediately even if it won’t draft for several days because I consider the money already spent. I have automated all of my regular bills. I split our weekly pay between the two registers. I figure what all of my recurring bills will be for the year and divide them by 52 (we are pd weekly). I use two registers for the same account one for recurring bills/expenses the other for everything else. All of our bills are paid by automatic debit except for one credit card which I pay off monthly online. I caught that immediately because I would check my account daily via telephone. They went to 3 branches before they were asked for ID. Someone stole checks I was mailing out of our mailbox and used other stolen checks which they made out to me and using our stolen account number, deposited the stolen checks into our account and got cash out on the deposit. It’s funny that the only time I had a problem was when I used a register before computers. I do check all of these accounts daily online and check with my husband if I see anything I don’t recognize. In October the Christmas club account is automatically transferred to that account. The other checking is for everyday living and bills. One checking account is for big expenses like taxes and insurance for house and vehicles and for expenses on rental properties. ![]() We have money direct deposited into 2 checking accounts, a savings account and a Christmas club account. Now we are at a point where we no longer have to watch every penny and it helps that neither of us are spenders. I was a SAHM with two kids and there were days I was in tears, not knowing how we were going to make it. That was when every penny was needed for bills. It’s been years since I balanced my check book and I used to be a to the penny balancer. I will say, in my entire life of banking (since I was 6) my bank has NEVER once messed up my account - so I’d probably be OK not to keep my paper register at home, but I’m so used to it now and it just take a few seconds to update! I also check our account online, but I like having my own paper version so I can remember to check for certain transactions - and just to have “my version” at home. So yes, I DO still use a bank register to record all our income and other deposits as well as the various debits that come out of our account each month. There are a few expenses (like our mortgage, our water bill, and church tithing) that can’t go to our credit card - in those situations, we write checks or have the money automatically transferred from our checking account (for our mortgage) Hi Melissa, Believe it or not, I’ll actually be sharing more about this later this week! However, here’s a summarized version…ĭave and I buy almost EVERYTHING with our credit card - then the credit card bill is automatically deducted from our bank account at the end of the month. The other day, I was having a conversation with one of my friends and some how we got talking about my checkbook and that I had made a simple addition mistake that got everything out of whack.įortunately take the time to balance your checkbook?
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