|> I balance my checkbook(s) every time I log onto my accounts and know exactly
|> how much money I have, to the penny, at ALL times. She, on the other hand,
|> thinks that if she has checks she's rich, "dipsticks" her account about once
|> every three or four years, or whenever she realizes that she has more
|> overdraft protection charges than she thought.
| I used to keep meticulous records of how much was in my checking
|and savings accounts but for the last 8 plus years haven't written a
|single entry into the check register. The only time I open my bank
|statement is at the end of the year to see how much interest I earned to
|claim it on my tax returns. I go to the bank every two weeks to deposit
|most of my paycheck and I look at the receipt to see that I have "X"
|amount to play with minus the $100.00 minimum to avoid a monthly charge.
| I know, I know. That's just not the way I am supposed to be doing
|that, I could be 'taken', etc, etc. but that's my way, for right now.
Yes. I used to be pretty lax with finances. It cost me money. Now I
reconcile every account to the penny every time a statement comes in.
What I find is things like the occasion when SWMBO bought gas at the
country store. The card reader at the pump wasn't working and she had
to leave her credit card with the clerk and the clerk ran another $20
charge and pocketed the dough.
Or the time that First USA Bank was charging late fees when the
payments weren't late. People who carry balances and don't watch this
stuff are getting screwed. BTW, there was a class action lawsuit over
this one. There were documentated cases of people making on-time
payments by registered mail and still getting late fees.
What else is amazing is the number of times that we charge something
and the charge never makes it on the statement. (No, I don't make it
a point to notify them.) I keep up my books, if they fail to do so
then they can pay like I used to.
SWMBO has her own checking account but when the statements come in I
reconcile her account and tell her how much she has. She is one who
likes "different pockets" for different things. Fine by me; she's
been putting a bit away each month in a different account and when I
mention new table saw, she offered up the dough. I got the Leigh
video on the dovetail jig and she watched it with me. She asked, "Do
you have one of those?"
I replied, "No they're too much money."
She asks, "How much?"
Me, "Four hundred bucks."
She, "Oh, that's not too bad, why don't you get one?"
I still think they're too much money.