Do you balance your checkbook once you get your bank statement?

Answer 1

Balance my checkbook what does that mean????? lol no I look blankly at the statements then toss them. I check my account regularly online but it never matches what is in my checkbook as long as I am not negative am good.

Answer 2

A bank statement is really for reconcilliation. What it means is that what the bank has paid out from your account. Like, if you had 4 bank deposits and wrote 30 checks, your bank statement may show 3 deposits and 28 checks depending on what day it comes out. If you're super busy, you can write all the checks and then subtract from the balance of the deposits at the end of a week, when you let it go past that, you really play with fire. Quicken basic is a pretty good way to keep track.

Answer 3

I've never even written in my checkbook! I usually do all balancing in my head; I always know how much money I have, what I owe, et c.

: )

Answer 4

Haven't had a bank account for years now. It cost me way too much money. But when I did have one the answer is no I didn't balance it. Hey, maybe that is one of the reasons it cost me so much money.

Answer 5

I keep a my check book up to date ALL the time. I bank on line and that makes it very easy to do.

Answer 6

nope, i balance it just about every day...if not then twice a week or a lil more. i dont get statements cause I can just log in & view my account online to make sure everything corresponds =o)

Answer 7

Not anymore. With online banking I just keep a good eye on it all!

Answer 8

no checkbook here and most importantly no bank account.

Answer 9

nope, I keep a running balance with every transaction

Answer 10

nope, just check the balance online and see if any large checks have cleared.