Whenever you write a check or use your debit card, write the check number, date, a description, and the amount. You write your current checking account balance on the first line. Whatever you use, the process is the same. Or if you’re an old-school kind of person and like the register with your checkbook, there is nothing wrong with that! However, a pencil is recommended for easy corrections and neatness! If you’re looking for something shareable, a Google Sheet that you and your partner share for a joint account would be helpful. It’s much easier to use the device that you feel lost without… Your beloved smartphone.Ī quick check of the app store offers several checking account balancing apps. Additionally, the written register can quickly turn into a scribbled, white-out painted, sloppy ledger if errors or adjustments are made.
It can be an added bulk to carry around, especially coupled with your checkbook. Let’s look at the hows and whys of this “Ancient Art” you should still master!Īt its core, a check register is a simple running list of credits and debits (money in and money out). You can improve your financial awareness and security. There are benefits to balancing your checking account. So who cares about keeping a bulky checkbook and register? Most transactions are made with a debit card and clear instantly or within a day, and you can check your online or mobile account quickly to see your available balance. Now, with the assistance of online banking and mobile apps, many people don’t bother to balance their checking accounts.
From then on, you were banned from check writing at that establishment.īalancing a checkbook was critical since you couldn’t check your balance online or get an alert on your mobile app. If you gave them a bad check, the store owner received your red-stamped insufficient funds check back, and it was posted for all to see on the “Wall of Shame” behind the counter. Back in the day, merchants had a “Wall of Shame” posted behind their registers.
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