Deprecated: mysql_connect(): The mysql extension is deprecated and will be removed in the future: use mysqli or PDO instead in /home/a26f9f83/public_html/articles/includes/config.php on line 159
Your Checking Account > NetSparsh - Viral Content you Love & Share

Your Checking Account

Checking accounts are an absolute necessity these days. You can either have a checking account or run to the bank or other outlet for money orders. Many people pay for almost everything with a check including groceries, gas, clothes and a long list of other things. When you add an ATM card to this picture, your chances for a potential problem is greatly enhanced.

Don't get me wrong. There are many people that can keep their check book up to date, even deducting all of the ATM advances and automatic withdrawals as they make them. However, too many people that write checks for everything wind up not entering a check when it is written or an ATM advance when it is made. The result is a bounced check fee of up to $25 for the bank and god only knows what the store where you wrote the check could charge you.

It seems like carrying cash to pay for things isn't the "IN" thing to do. When I'm in the check out line, most people are paying with a credit card, debit card, or check. I realize that carrying cash has it's risks. You could lose it or have it stolen. What are the risks when paying by check? There are absolutely none if you enter each check and properly deduct the amount from your account. However, I have counseled people that have as much as $100 per month in overdraft fees. This isn't just for one month. This is an average over a six month period. That is a lot of money that these people couldn't afford.

What's the best way to handle my checking account?

If you don't have problems keeping up with your checking account, keep doing what you are doing.

If you occasionally have bounced checks, I recommend that you use your checking account only to pay your monthly bills and use cash for everything else. If you have an ATM card, destroy it.

With that said, I know you will probably not quit writing checks or destroy your ATM card. So let's look at what you need to do to keep up with your checking account.

Determine exactly how much money you have in your account even if you have to go to the bank for help.

Enter that information on a new page in your check register.

Enter the date, your check number, payee and amount in your check register when you write the check. Don't worry about the people in line behind you. This will only take a few seconds. If you like, you can deduct the amount of the check when you get home.

Take your check book with you when you use the ATM and enter your withdrawal while you are still at the machine.

Develop a system to deduct automatic withdrawals. It is probably best to deduct these on the first of each month.

Add any deposits as you make them. You need to find out how much and when direct deposits should be entered in your check register.

When you receive your bank statement, reconcile it as soon as possible. If you find any discrepancies check them out immediately. Don't give up until you are sure you have resolved the problem. The balance you show in your check register should match the bank, less any bank charges.

When you reconcile your bank statement be sure to clearly mark the checks that have been returned to you. One of the biggest problems people have with overdrafts is missing a check that is taking a long time clearing the bank. Go back at least a month to make sure all previous check have cleared.

I really don't mean to insult anyone's intelligence with this article. Having problems with your checking account, as with all other money problems, isn't a matter of intelligence anyway, it's a matter of discipline. It can cost you a lot of money by not applying that discipline to managing your checking account.

Terry Rigg is the author of Living Within Your Means - The Easy Way http://www.homemoneyhelp.com/ebookadpage.html and editor of The FREE Budget Stretcher Newsletter and Budget Stretcher web site http://www.homemoneyhelp.com. He has 25 years of experience counseling individuals and families concerning their personal finances.

In The News:

This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news

CBS News

How "helicopter parenting" can impede children's development
CBS News
Overcontrolling moms and dads -- so-called "helicopter" parents -- can stunt their children's emotional development, new research warns. Directing every move a toddler makes may undermine a child's ability to manage their emotions and behavior on their ...
Study shows the detrimental long-term effects of helicopter parentingBig Think
'Helicopter Parenting' May Hinder How Kids Manage Emotions, BehaviorPsychCentral.com
Helicopter parenting is bad for kids, psychologists warnTreehugger
MinnPost -The Guardian -American Psychological Association
all 88 news articles »

HuffPost

Dad's Comic Strip Captures 'The Weirdness' Of Parenting | HuffPost
HuffPost
John Kovaleski has been drawing comics ever since he can remember. Over the years, his work has covered monkeys, family pets and talking toys. On Sunday ...

and more »

Fatherhood program teaches dads parenting skills
San Francisco Chronicle
Donna Miller, executive director of the Exchange Club's Parenting Skills Center, said they combined the 24:7 Dad program from the National Fatherhood Initiative with a model from the National Exchange Club to pilot what is now one of the only programs ...


Yahoo Entertainment

Tommy Lee's Father's Day spat with son latest in long history of his parenting problems (updated)
Yahoo Entertainment
This latest drama brings up Tommy Lee's history of parenting problems… February 1998: Lee and Pamela Anderson had a famously tumultuous union. (Highlights: They married in 1995 just four days after meeting. They had their sex tape stolen. She filed ...
ɱɱ¥ ᒪ on Instagram: “Happy Father's Day fellas! I'm not gonna sit here and post some fluffed up bullshit for the ...Instagram
Brandon Thomas Lee on Instagram: “Remember what happened last time you said this shit? 🤔 night night You gotta ...Instagram

all 144 news articles »

The Sun

How has it been linked to children's behaviour?
The Sun
According to a study published in the Journal of Personality, strict and perfectionist parenting styles may make children excessively self-critical and has been linked to high levels of depression and anxiety. Parents who put this much pressure on ...


Omaha World-Herald

The Public Pulse: Responsible parenting is lacking
Omaha World-Herald
When people have no regard for responsible parenting, too often the obvious result is the perpetuation of crime, violence, poverty and hopelessness, generation after generation. It's so obvious. Where are our national, state and local leaders, and why ...


The Atlantic

The Dangers of Distracted Parenting
The Atlantic
Caroline Fraser's recent biography of Laura Ingalls Wilder, the author of Little House on the Prairie, describes the exceptionally ad hoc parenting style of 19th-century frontier parents, who stashed babies on the open doors of ovens for warmth and ...


INSIDER

INSIDER video is hiring a writing intern for parenting
INSIDER
We are hiring an writing intern with a focus on parenting videos for INSIDER, a publication that delivers stories to readers across digital platforms. The role includes finding and pitching ideas for INSIDER's videos about parenting gagdets, parents ...


Letter: Anthony A. Carcieri: Column described well the importance of parenting
The Providence Journal
Mark Patinkin's excellent and very relevant Father's Day column (“His real job: Making sons independent,” June 17) about Providence firefighter Chuck Potter and his dedicated commonsense effort to raise his two sons should be printed in every newspaper ...


Dubois County Free Press

Purdue Extension Does…Just in time parenting!
Dubois County Free Press
Parenting is an important and sometimes overwhelming responsibility, especially for new parents. Just in Time Parenting is a free resource to help parents understand their children's development by providing helpful information and tips. Just in Time ...

Google News

Stop Lying NOW

Do you have a consistent problem with your child lying... Read More

Twins - Double The Trouble Or Double The Pleasure? Both!

If You're Having Twins..is it double the headache, or double... Read More

Homes for Troubled Teens: Therapeutic and Residential

For troubled teens who are struggling with drug abuse, depression... Read More

Failure or Future? Its Up To YOU!

We all want to comfort our children after they suffer... Read More

5 Ways To Help Your Kids Do Math

Uh oh.Your kids arrive home with their school reports and... Read More

Ben Franklin and Thomas Jefferson Never Went To Public School

Most of our Founding Fathers, including Ben Franklin, Sam Adams,... Read More

The Challenges of Single Parenting

Having worked with parents for the last 35 years and... Read More

Homework Doesn?t Have to Be a Battle of Wills

Homework. It doesn't have to be a daily battle of... Read More

Educational Toys And Childrens Books - A Must For Optimal Childhood Development

The brightly colored plastic mobile dangles lazily overhead in the... Read More

A New Dad To Be? Deer in the headlights?

Ok. So you're a dad to be. If you're like... Read More

How Many Sex Offenders Live On Your Block?

For any parent, learning that a convicted sex offender lives... Read More

Creating Great Birthday Party Videos

My son recently had his third birthday party and it... Read More

Achieve Success At School - Parents, Help Your Kids Easily Be Top, Honor-Roll Students!

With the beginning of the new school year coming VERY... Read More

Non-Compliance in Your Children, Some Tips for Parents

Non-compliance is the family therapist's big word for your child... Read More

Is My Child Lazy?

Is there a difference between lazy and unmotivated? Why do... Read More

Exposing the Damage: TV and Kids

There are millions of young children in this country who... Read More

Classic Parenting: Encouragement, Praise, Acceptance, and Responsibility

Encouragement comes when you focus on your child's assets and... Read More

Think Like Your Kids - And Understand Them More!

Seven-year old Michael was on a school trip to a... Read More

Understanding Why Your Child Has Been Recommended for Testing

You have just received a call from your child's teacher... Read More

Picky Eater Kid Nutritional Guidelines

Although many children are picky eaters at some stage in... Read More

Parenting Your Teenager: The Teenager and the Gorilla

Q: A parent writes in to ask, "You write a... Read More

Banishing Bedtime Blues

"My son won't go to bed at night without a... Read More

Does Sexual Abuse Usually Occur Just Once?

Your daughter tells you that Uncle Charley has touched her... Read More

Parents Demand Dumbed-down Tests:An Unintended Bad Consequence of the No Child Left Behind Act

The No Child Left Behind Act of 2001 is making... Read More

The ABCs of Raising Twins

As a mother of two sets of fraternal boy/girl twins,... Read More