• Bookkeeping

    How to balance a checkbook

    The more you understand the process, the more comfortable you may feel about managing your money. Balancing a checkbook can be just the thing you need to propel you into a better financial future. Keeping careful records may inspire you to start saving a little more, investing and building a nice financial safety net. For example, if you send the phone company a check for $100 but your actual balance is only $75, then that check will bounce. When the phone company presents that check to your bank for payment, it will get a notice that your account has insufficient funds. Your bank will charge you a fee, in the…