Source: http://www.thriftyfun.com/tf912368.tip.html

Check Register Tip - Round Up

When I enter an amount taken from my checking account either by check or debit card I always enter the correct amount in the ledger but I round up the amount I deduct from the checking account. For example: I write a check for $6.34 and deduct $7 from the checking account.

You would be amazed at how much extra money adds up in the account over a year's time. This insures a cushion so that I never overdraw the account and I am saving money without even realizing it. When the extra in the checking account gets rather high I just transfer some of the money to the savings account.

Each month when the monthly statement arrives you can do a reconciliation of the account to see how much extra money you have. If you wish to use it just add it back into the account.

Source: A friend told me about this years ago.

By Shirl from Williamsburg, Kentucky

Source: http://www.thriftyfun.com/tf912368.tip.html

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