BankingBudget & Finance
To Top

Weekly Bank Reconciliation for Retirees

Living on a fixed income can be a challenge. If you reconcile your checking account once a week and write down each transaction, at the end of the month at your bank statement should coincide with your weekly banking transactions that are verified on a weekly basis. I have a red folder with a spiral notebook inside which I record my weekly transactions on my checking account, including debits, bank drafts or any any monies withdrawn from my checking account, which I receive from calling a bank representative. I also get the balance for that week. All debit receipts are kept on a clip and highlighted with the amount and the date unclipped on the inside of the red folder.
Ad

My husband and I have gotten into the habit of using this red folder on a weekly, and sometimes on a daily basis. We come in from a shopping trip and immediately take out the debit receipts, clip them onto the red folder and highlight them all. We record in the check register any transactions that we wrote a check for. This keeps us on track with our checking account and is also valuable information for our financial advisor.

Comments

Add your voice! Click below to comment. ThriftyFun is powered by your wisdom!

Related Content
Categories
Budget & Finance BankingNovember 30, 2016
Guides
A pink piggy bank made from a plastic mayo bottle.
Mayonnaise Jar Piggy Bank
pink piggy bank
Making a Gallon Milk Jug Piggy Bank
Banki ATM machine.
Banks With No Minimum Balance Requirement
Antique Coin Bank
Opening an Antique Coin Bank
More
🎆
Fourth of July Ideas!
👔
Father's Day Ideas!
Facebook
Pinterest
YouTube
Contests!
Newsletters
Ask a Question
Share a Post
Categories
Desktop Page | View Mobile

Disclaimer | Privacy Policy | Contact Us

© 1997-2017 by Cumuli, Inc. All Rights Reserved.

Published by .

Generated 2017/05/26 23:43:04 in 2 secs.
Loading Something Awesome!