The other day I was talking to a good friend who doesn’t balance her checkbook. She has an “idea” of what she’s spending but it isn't accurate. With modern technology, balancing your checkbook involves more than paper checks. It includes debit card purchases, ATM withdrawals, online payments, and direct deposits. Many people, like my friend, dread this chore but it’s easier than you think. Even if you don’t write paper checks, carry your check register in your wallet. Keep it current by recording deposits, withdrawals, and purchases as soon as you make them.
If using a handwritten reconciliation sheet seems passé, try a mobile checkbook like PocketMoney or SplashMoney, available for iPhone, Palm, and Windows Mobile devices. You can keep track of an unlimited number of accounts: checking, savings, credit card and more. If you’re feeling adventurous, both applications allow you to create a budget and analyze your spending with handy charts. Whether you use the latest technology or traditional methods, knowing how much money you have and where it’s at will help prevent overspending and unexpected fees.










