In this day and age of everything going almost paperless, do you find that you balance your check book less and just rely on the on line statements, or do you still go thorugh the hassle of balancing it and double checking it?
My husband seems to favor to just check on line and keep track of checks we wrote...but since the debit charges show almost immediately he thinks it's better than trying to keep up with all the receipts to log. He's also talked to a bunch of people that are doing the same thing and I'm just a little surprised by it, b/c I'm always afraid of the bank making a mistake etc... I happily turned over that aspect to him b/c I have enough extra on my plate with studying, and I never did like doing any of the financial stuff, he doesn't mind so it works well...until I question his methods
So how do you all handle it?
Aug 29, '06
Quote from mercyteapot
I never did balance my checkbook and now with online banking, I really don't.
Once again...Great minds think alike !!
Happy Happy Teapot! It's almost our birthday time once again!
Last edit by DutchgirlRN on Aug 29, '06
Aug 29, '06
Quote from Angie O'Plasty, RN
I admit, the PDA program is my lifesaver. It does the math so much better than I do.
The formula to use in a spreadsheet is pretty simple.
Say you have three column:
- Debit = Column A
- Credit = Column B
- Balance = Column C
Now, the math is simple ::: Take value from previous row for Colum C, Add current row for column B and then subtract Column A from the total --- to give you current balance.
So for example: (rats, HTML coding is off)
___A _____B _____ C
2 _$5 ___ $8_____ $13
3 _$10___ $25
(try to imagine the thing without the dashes LOL)
To find the balance for C3, the forumula would be (C2+B3)-A3
You can maintain your own spreadsheet using Excel at home
if anyone wants, I'll send the Excel file template and you cans et it up for your own use..
Last edit by Roy Fokker on Aug 29, '06