Comments on: Balancing a Checkbook http://moneyning.com/bank/balancing-checkbook/ A personal finance blog where we share insights on carefully saving money, investing, frugal living, coupons, promo codes because the little things matter in achieving financial freedom! Sat, 11 Feb 2012 14:32:46 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Hs McD http://moneyning.com/bank/balancing-checkbook/comment-page-1/#comment-6822 Hs McD Fri, 23 May 2008 20:35:12 +0000 http://moneyning.com/?p=876#comment-6822 hey hey, the less you write a check, the less tree is being chopped down...r u a green protector supporter?? lolz hey hey, the less you write a check, the less tree is being chopped down…r u a green protector supporter?? lolz

]]> By: Dan Root http://moneyning.com/bank/balancing-checkbook/comment-page-1/#comment-6787 Dan Root Tue, 20 May 2008 14:32:00 +0000 http://moneyning.com/?p=876#comment-6787 I find balancing a checkbook is becoming harder and harder, because I have so many automated transactions (Gym membership each month, monthly bank fee, online accounting software, etc.) that hit my account each month, so no matter what my checkbook says, I am always left wondering when/if my fees have hit yet. While I do balance things out and keep track, it just makes daily balancing of a checkbook almost impossible. Besides, who uses a checkbook nowadays anyway? I think the smartest alternative (that I have found) is to request an ATM only card (NOT debit card) and take out cash anytime you need it. This gives you a realistic sense of how much you are spending and each time you make a transaction, you are shown your balance at the end on a receipt. I find balancing a checkbook is becoming harder and harder, because I have so many automated transactions (Gym membership each month, monthly bank fee, online accounting software, etc.) that hit my account each month, so no matter what my checkbook says, I am always left wondering when/if my fees have hit yet.

While I do balance things out and keep track, it just makes daily balancing of a checkbook almost impossible. Besides, who uses a checkbook nowadays anyway?

I think the smartest alternative (that I have found) is to request an ATM only card (NOT debit card) and take out cash anytime you need it. This gives you a realistic sense of how much you are spending and each time you make a transaction, you are shown your balance at the end on a receipt.

]]> By: Mrs. Accountability http://moneyning.com/bank/balancing-checkbook/comment-page-1/#comment-6783 Mrs. Accountability Tue, 20 May 2008 02:28:08 +0000 http://moneyning.com/?p=876#comment-6783 I must say this is a very interesting idea the thought of which is disturbing to me. LOL. I have always balanced my checkbook and feel horror when I've heard of friends that don't balance their accounts for months, or ever. I use Quicken now, which makes it easier. But I always feel a lot better knowing that I agree with what the bank says I have in my account. I do also work in accounting and we have to check one thing against another just to make sure we have everything correct. And like first commenter mentioned, I find it very common for the gas stations to charge $1 or nothing at all, for days at a time. Just *last night* Mr. A told me he charged gasoline on the 12th, and there were no signs of it in the account. Not even the dollar. Now with the price of gasoline, you'd think they would be charging my account the instant I finished putting another $50 into the tank. I found your blog at the 153rd Carnival of Personal Finance. I must say this is a very interesting idea the thought of which is disturbing to me. LOL. I have always balanced my checkbook and feel horror when I’ve heard of friends that don’t balance their accounts for months, or ever. I use Quicken now, which makes it easier. But I always feel a lot better knowing that I agree with what the bank says I have in my account. I do also work in accounting and we have to check one thing against another just to make sure we have everything correct. And like first commenter mentioned, I find it very common for the gas stations to charge $1 or nothing at all, for days at a time. Just *last night* Mr. A told me he charged gasoline on the 12th, and there were no signs of it in the account. Not even the dollar. Now with the price of gasoline, you’d think they would be charging my account the instant I finished putting another $50 into the tank. I found your blog at the 153rd Carnival of Personal Finance.

]]> By: Dividend Growth Investor http://moneyning.com/bank/balancing-checkbook/comment-page-1/#comment-6732 Dividend Growth Investor Fri, 16 May 2008 13:39:01 +0000 http://moneyning.com/?p=876#comment-6732 I used to be a treasurer for 2 not-for-profits. Balancing a checkbook was important as well as keeping detailed supporting documentation behind every transaction. This experience, although menial ( the checkbook balancing that is) did provide me with some sound background to grow my personal financial education... I used to be a treasurer for 2 not-for-profits. Balancing a checkbook was important as well as keeping detailed supporting documentation behind every transaction.
This experience, although menial ( the checkbook balancing that is) did provide me with some sound background to grow my personal financial education…

]]> By: Mike Huang http://moneyning.com/bank/balancing-checkbook/comment-page-1/#comment-6725 Mike Huang Fri, 16 May 2008 07:01:41 +0000 http://moneyning.com/?p=876#comment-6725 My wife does the balancing, so I'm safe for now :) -Mike My wife does the balancing, so I’m safe for now :)

-Mike

]]> By: Scot http://moneyning.com/bank/balancing-checkbook/comment-page-1/#comment-6720 Scot Fri, 16 May 2008 02:00:12 +0000 http://moneyning.com/?p=876#comment-6720 Hello David, Please let me amend the "all transactions are instantaneous" line. When you purchase gas with your debit/credit card it will charge $1 to your card to make sure the card works well, then later in the day or even the next usually charge the full amount... keep this in mind when making gas purchases. Hello David,

Please let me amend the “all transactions are instantaneous” line.

When you purchase gas with your debit/credit card it will charge $1 to your card to make sure the card works well, then later in the day or even the next usually charge the full amount… keep this in mind when making gas purchases.

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