How To Balance Your Checkbook
Expand the description and view the text of the steps for this how-to video. Check out Howcast for other do-it-yourself videos from downpourpro and more videos in the General Personal Finance category. You can contribute too! Create your own DIY guide at www.howcast.com or produce your own Howcast spots with the Howcast Filmmakers Program at www.howcast.com Do you cross your fingers when you write a check, hoping it won't bounce? Then it's time to learn how to monitor your finances. To complete this How-To you will need: A checkbook registry Lined paper A pen or pencil And basic math skills Step 1: Keep track Keep track of all the checks your write, the money you withdraw from your checking account at ATMs, and the purchases you make with a debit card. Enter everything into the registry that came with your checkbook. Step 2: Get organized Find or download your latest bank statement, grab your checkbook registry, a piece of lined paper, and a pen or pencil. Step 3: Mark cleared checks Look at your statement to see which checks have cleared, and tick them off in your register. Step 4: Verify deposits Verify that any deposits listed on the statement are recorded in your register. If they're not, enter them. Step 5: Reconcile withdrawals Compare any withdrawals you made, whether through a bank teller, an ATM machine, or a debit card, with the amounts debited on your bank statement. If you missed any, write them in your checkbook registry now. Tip: Keep your ATM receipts until <b>...</b>
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