3 months ago
Finding Happiness Through Financial Freedom
Jeff Dalverny “The Financial Coach”
Online Banking Costing You Big?
We have the new convenience of keeping track of our balance online and getting the latest up to date balance. Or do you? We look at our balance and think we have plenty of money to go out to eat, buy that pair of shoes, or go to the movie. The next thing we know we have several overdraft charges and the $10 meal cost us $75.
I have found that we have stopped keeping track of our checking account using the register to write down what checks and debits card transactions that are outstanding. This was a normal task that we use to do, so we knew exactly how much money we had and what we could and could not spend money on. However we have moved into the age of technology and we have become lazy. We believe that we can just check our balance online and all is good. The reality is we forget about outstanding checks we have written and the next thing you know you are hit with extra charges we do not have the money to pay for.
So what it the answer, we need to get back to the basics along with the use of technology. Whether you use software on your computer, online software or you go old school and use the handwritten register with your check book. We need to have a current running balance and when you get your checking statement in the mail use it and balance your account. If you have not done this or have forgotten how or are just looking for the best way for you to do this give us a call and we will talk about how we can work with you to set up a system that works best for you.
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