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You think balancing your checkbook is something you don’t have time to do anymore. I mean why balance it when the bank keeps an accurate record of what you have in your account? Isn’t that a waste of time? Isn’t that doing double work? Who does that anymore anyway?
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Let me set you up with a scenario:
You get paid and you may or not have a budget. You start spending because, hey you have money in the bank its payday. Well, you forgot your mortgage is due in a couple of days and it takes your whole paycheck or a little more. Uh-oh. Yikes.
You spent $50 on eating out for a couple of meals, you went and got your nails done because hey you work hard and deserve a treat, right? You also went and bought some nice fancy steaks for dinner. Well, you just messed up.
How do you correct this?
You balance your checkbook and pay bills BEFORE you start spending. You may not realize it, but you will nickel and dime yourself to death. Just stop and take a second to balance your checkbook.
First of all, I understand you are busy and stressed. The idea of opening up your checkbook and balancing and paying bills stresses you out even more. Well, guess what, it won’t get any better until you just deal with it. Yep, just rip off that bandaid and get to work! Nothing to it but to do it. LOL!
So here are three ways to make balancing your checkbook easier.
Cash envelopes are a great way to save time balancing your checkbook. I don’t know about you, but I used to work at a bank and I kept my checkbook balanced. Literally EVERY day.
Sidenote: That was also when I was single too. When I got married and added another person to the mix (like my spender husband) it got CRAZY.
It is so hard to balance a checkbook when two people just go buck wild and swipe their debit card like it is going out of style.
Well, start using cash envelopes. They are much easier to deal with and balance. You can segment your spending into different categories. It really helps you realize how much you are spending and it literally takes two seconds to count your cash.
Pay bills and balance weekly
Just balance your checkbook every payday. Balance your checkbook, pay bills, and take out cash. It is that easy once you start. The key is starting. If you do it weekly you won’t get overwhelmed by it. It will not take as long.
I mean think about it, when you clean up the kitchen as you go, it doesn’t take nearly as long as when you just let the dishes pile up and then clean the kitchen. At that point, you might as well just pull up a chair to the sink because it is going to be a while.
Auto debit is perfect!! You do have to remember to actually take the money out of your account on your check register. I live in a small town and our sewer bill is so difficult to pay. They don’t take online payments. You either have to remember to mail them a check or literally go by the office and pay it.
How inconvenient!! I started letting them auto debit my account and now I don’t have to worry about it. It is literally on autopilot.
I also have several other bills on auto debit as well. This way you don’t even have to worry about them.
Just remember to take them out of your account so you don’t overdraw your account!
Balancing your checkbook will save you a lot of money and headaches!! If you have ever dipped into your mortgage payment or another bill with your crazy spending, you know what I am talking about, right!
Just get in there, rip off the band-aid and deal with it.
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