social

Balancing and Organizing Your Checkbook

Balancing and Organizing Your CheckbookHere's a simple way to, sort of, "hide" money from yourself in your checkbook. It's like a secret savings that you know is there, but you don't spend it. So, you simply take the amount you're going to subtract out and round up to the next closest dollar or add on a few extra dollars.

Advertisement

For example: your checking account entry might look like this:

But you actually enter $17.00 or $20.00, which would make your hidden savings .48 cents or $3.48.

You get the idea, just "hide" a bit with each and every checking/debit account transaction. You can also enter the correct amount in the description area and have a running balance *the real one* so you know it, like you normally would. Just an idea you can use to save a little money, it adds up! I can do a diagram if need be.

Source: My sister told me about it and I adapted it for myself.

By Elizabeth Farnsworth from Los Banos, CA

 
Read More Comments

5 More Solutions

This page contains the following solutions.

February 28, 2011

I have found whether I have time at the check out counter, or if I record a purchase later in the car or at home, my check book transaction register is still a great tool for bookkeeping.

 
Read More...

February 11, 2005

If you have a problem balancing your checkbook and cannot find the error. Divide the amount your figures are off by 9. If the answer comes out even, then the error is probably a transposition. For instance, if 91 should be 19, the difference is 72.

Advertisement

If your figures were off by 72, it is divisible by 9. The answer is 8 but the main idea is to know to look for a transposition. Try this. It really works! By Elaine

 
Read More...

January 7, 2005

End your check register with the end of the year and start a new one for the new year. That way you can pack the check registers away with each year's tax paperwork. By Beverly in TN

 

Archives

ThriftyFun is one of the longest running frugal living communities on the Internet. These are archives of older discussions.

April 8, 2011

With a growing family I find it almost impossible to save cold hard cash so I use this little trick to stash a few pennies here and there and they all add up.

 
Read More...

February 19, 2010

When I write a check, I make sure I write the real amount on the check, but in my checkbook register I round the figure up.

 
Read More...
Categories
Budget & Finance BankingSeptember 17, 2012
Pages
More
🍀
St. Patrick's Ideas!
🎂
Birthday Ideas!
💘
Valentine's Ideas!
Facebook
Pinterest
YouTube
Instagram
Categories
Better LivingBudget & FinanceBusiness and LegalComputersConsumer AdviceCoronavirusCraftsEducationEntertainmentFood and RecipesHealth & BeautyHolidays and PartiesHome and GardenMake Your OwnOrganizingParentingPetsPhotosTravel and RecreationWeddings
Published by ThriftyFun.
Desktop Page | View Mobile
Disclaimer | Privacy Policy | Contact Us
Generated 2024-01-23 11:22:52 in 11 secs. ⛅️️
© 1997-2024 by Cumuli, Inc. All Rights Reserved.
https://www.thriftyfun.com/Balancing-and-Organizing-Your-Checkbook.html