How to Balance Your Checkbook – Get a Calculator and Pencil and You are Ready To Go!

Written by Robb Ksiazek

Despite how easy it is to balance a checkbook, very few people takerepparttar time to do it andrepparttar 150128 few who do, don’t always do itrepparttar 150129 right way. If you write down in your checkbook ledger what should be deducted and added, you are onrepparttar 150130 right track – if not, start there and follow these nine easy steps to a balanced checkbook. Once you are comfortable with these nine steps, it is possible to balance your checkbook each month within 30-45 minutes.

9 Steps

  • Make sure that all deposits, withdrawals (maintenance fees, ATM fees, and automatic payments) are added and subtracted and calculaterepparttar 150131 balance as ofrepparttar 150132 last transaction made.
  • Keep all check-card receipts, duplicate checks (or returned checks fromrepparttar 150133 bank) and withdrawal slips until you sit down to balance your checkbook.
  • Mark an “x” in your checkbook by each transaction that has gone throughrepparttar 150134 bank. It is easy to do once your statement arrives and you can put all checks in numerical order and easily check them off.
  • Dorepparttar 150135 same thing with any ATM withdrawals or check-card purchases.
  • Make any adjustments necessary to “true-up” your ledger and comparing deposit slips and purchases/withdrawals. *If you notice any discrepancies between your records andrepparttar 150136 bank’s – give your bank a call.
  • To calculate your balance write down your checkbook’s current balance atrepparttar 150137 top of a piece of paper (normallyrepparttar 150138 backside of your statement will have a worksheet to complete for this task).
  • Subtract any amounts for un-cleared deposits and bank fees such as monthly fees or for any insufficient funds charges.
  • Add any un-cleared checks andrepparttar 150139 interest you have earned to this figure.
  • Finally, comparerepparttar 150140 final figure that you have to your bank statement – they should match.

With very little effort, it is easy to keep track of expenses and stay out of trouble with your bank. Balancing your checkbook is very important because you will avoid overdraft or insufficient funds fees due to bouncing checks because of not knowing your balance. In addition you will protect your credit and verify that your financial institution has made no mistakes. You’ll also be able to keep better track of cash flow and manage your money with far fewer headaches and surprises.

How To Get Ahead On A Low Income

Written by Mandy Nield

Do you struggle from week to week trying to make ends meet? Are you consistently going without things that you really wish you could afford? Well I have some possible and practical solutions to your dilemma:


There are many ideas that you could adopt to help your hard earned dollars buy more than you could before (or so it seems!) ·Do you take your lunch to work? You could save between $15 -$25 per week, if you packed it yourself. You’d have to make it interesting so you weren’t tempted to go and buy something else. ·Make your lunchbox food, and that of your children, rather than buying stuff. It is so much cheaper and often tastier! Start making cakes, biscuits and slices etc. If you have a bread maker, make bread and home made rolls forrepparttar kids. Get them to design their own shapes, they’ll love it. If you add uprepparttar 150127 costs of bought biscuits, cakes, muesli bars, etc, you’d realise this could be a huge saving, and considerably better for you. It’s just a training and prioritising exercise, you can do it if you really really want to saverepparttar 150128 money. ·Do you eat out regularly, or have a coffee or supper at a café? Why not consider having friends over or going to their place for tea or a night out. Play games, watch a video, whatever. This would be great fun but importantly, A LOT CHEAPER. One video hire for $7 compared to all of you paying $12 each to go torepparttar 150129 movies. A meal out could cost $70 for 2 people quite easily, and that often doesn’t include drinks. You could have a great dinner party for that – and share it around at friend’s places so you all get a turn of cooking and resting as well as sharingrepparttar 150130 costs. ·Menu planning is a great way I’ve found to reduce my weekly shopping bill. Menu planning involves deciding atrepparttar 150131 start ofrepparttar 150132 week what you’ll eat EVERY night (and day) that week. Include a couple of pasta dishes or cheapies like tuna mornay or whatever. Determine what ingredients you’ll need for all these meals and then only shop for those items. You’ll find you wont haverepparttar 150133 waste and you wont buy ‘onrepparttar 150134 spur ofrepparttar 150135 moment’ items. This could also save about $20 - $50 per week (depending on your family and tastes etc)

If you put your mind to it, I’m sure you could come up with heaps more ideas of HOW you could make your income go further.

2.If you have your belt pulled in as tightly as you can, and you really can’t find any areas of your life that you could spend less, then perhaps you could try and increase your income. I don’t mean ask your boss for a pay rise either. There are many ideas of earning extra income at home e.g. home based business ideas or running your own internet business. Both of these ideas are cheap and easy to start up, you just have to know how and where. I won’t go into any detail here, you may want to chase up some of my other articles later.

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