The Steps


Intro:
Before you begin
Step 1:
Pick your financial type
Step 2:
Assess the situation
Step 3:
Keep track of debits
Step 4:
Note your deposits and earned interest
Step 5:
Work the ledger
Step 6:
Find the culprit(s)



Helpful Tips


Use a pencil

Use your bank statement as a resource, not a rule

 

Business


2torial #0433:
Learn2 Balance Your Checkbook (Continued)

Step 1Pick your financial type

First of all, classify yourself into one of the following categories:

  1. Mostly: This means you actually register your checks and deposits in your checkbook ledger, but can never put together all the pieces.
  2. Sort of: You have a few receipts, some things written down, and can sometimes keep up with your finances.
  3. Nope: Your idea of record keeping is finding receipts in the laundry.

Regardless of what type you are, the objective is the same: to understand the balancing process.

Go 2Step 2



 

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