Posted on Mar 19, 2007 | Comments 1
Self improvement is different for different people, but getting a checkbook organized should be at the forefront of the effort to get organized and financially stable.
Surprisingly, there are several people who simply do not balance their checkbooks.
Instead they simply have a vague idea about the money they have in their account and go from month to month without actually knowing the accurate amount of cash they have in the bank account.
If someoneâ€™s self improvement goal is to get organized and managing finances, then the first tasks they should tackle is getting their checkbook in order.
To see how the amount written in the check register corresponds to the amount which the bank says is in the account is the first step in getting a checkbook in order.
A person simply sees how their guess of the account balance corresponds to what the actual balance is if he or she does not keep up with a check register.
If the amount is off by just a little bit, whether by a few cents or maybe a couple of dollars, then it may be worth it to just trust the bank and move on fresh from there.
If, on the other hand, the amount in the bank seems to be considerably different from what a person thinks is in the account, whether much higher or much lower, then it is time to start pulling old bank statements out, and comparing them to what is in the register.
In case, a person does not hold on to old bank statements then it is possible to contact the bank for copies, even though most often banks will generally charge a nominal fee for reprints of statements.
It is not fun to sit down and sift through months of old bank statements, and it can definitely be frustrating if the numbers still aren’t matching after hours of trying to get everything in order.
It is worth it, though, when the golden moment arrives when all the numbers are exactly what the bank says they are.
This makes it all worth it, but it takes real effort to maintain the checkbook if a person isn’t into the habit.
After Getting a Checkbook in Order
It is important for a person to make a real attempt at keeping up with the checkbook once a person gets a checkbook in order. This means that there should be time set aside to sit down and justify the bank statement when the bank statement arrives every month.
Self improvement should include making life easier by getting finances organized. When a person is totally aware of how much money is sitting in the bank, he or she will be much more likely to spend frugally.
People should make sure to include getting their checkbook in order when planning goals for self improvement.
It will not only help with finances and organization, but also be a morale booster for the person who finally gets bank accounts under control.