Money-Saving Moving Marysville Mom

It's not how much you have; it's what you do with what you have.

The Checkbook January 29, 2010

Filed under: Shopping Philosophy,Useful Info — swingingsarr @ 1:16 pm

I got a couple of comments about the 21-Day Financial Fast and going cash only for a while.  Yes, the debit card works like cash.  That wasn’t a big deal, if you have a healthy respect for $.  But if you struggle with $, may be the “card” part of the debit card can a bit tempting.

I do not support ONLY going on-line to look at your bank statement to get an accurate amount of $ in your account. Bank accounts are like revolving doors, always having $ going in and out.  Some times you’ll make a transaction with a small business that won’t go through for a week or more.  I’ve written checks that haven’t gone through for a couple of months.  I HIGHLY recommend to keep an accurate check book that is current, and cross reference with it on-line or with a monthly paper statement (I still like paper for some things).  Again, I HIGHLY disagree with looking on-line to find out how much $ you have in your bank account.  This is the easiest way to bounce your checking account.

I keep my checkbook up to date by not leaving a store and/or parking lot until I do the math of my transaction.  I want to know how much $ I can spend before going to the next store.  Then when I get home, I put the transaction in our money program, “Money”, so I can cross reference the account with that.  Then every month I take the paper bank statement and highlight my checkbook to see what has and hasn’t gone through.  Sounds like a lot of work, but we haven’t had any major checking account troubles, and when you get in the groove, it becomes pretty quick.

I encourage you to be responsible with your $, and to be a good steward with the resources the Lord has given you.  Colossians 3:23 Whatever you do, work heartily, as for the Lord and not for men, 24 knowing that from the Lord you will receive the inheritance as your reward. You are serving the Lord Christ.

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One Response to “The Checkbook”

  1. Couldn’t agree more that relying only on online statements to check your balance is not the way to do it. While I don’t always write the transaction in the checkbook register immediately, I definitely save the receipt and write it down that day. You mention a “Money” program — is this a computer program? I would love suggestions for a reasonably priced computer program for budgeting that my 22 year old son would find worthwhile & interesting.


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