Do you still balance your checkbook by hand every month?

posted 2 years ago in Money
Post # 2
Member
4819 posts
Honey bee
  • Wedding: May 2014

LibrarianBride:  I neeeeeever balance my checkbook for your same reason. Everything is in real time now. I DO check off my checks when they clear just to make sure, but I write so few checks. Now my husband (we have separate accounts) balances his checkbook every 10 minutes.  I like to tease him.

Post # 3
Member
194 posts
Blushing bee
  • Wedding: July 2014

i do once a week because my husbands check gets direct deposit and he asks me every friday night how much is in there

Post # 4
Member
2657 posts
Sugar bee

When I got a checking account in high school, I had online banking set up.  I remember my dad teaching me how to balance a checkbook.  I think I kept up with balancing it for a couple of months and stopped after I realized that online banking was way more useful.  DH also doesn’t write down anything in the checkbook.  We have shared banking accounts, so we can see everything that is happening with our accounts in real time.

Post # 5
Member
10494 posts
Sugar Beekeeper
  • Wedding: January 2011

I didn’t even have a chequebook for the longest time, so no.  We look over the transactions on our account about once/month.

Post # 6
Member
1473 posts
Bumble bee

My husband will check and match up our receipts to our bank accounts each month (his own and the joint). I only check online for my own personal account. I will notice if something is out of wack but I’m not meticulous about checking.

Post # 7
Member
2455 posts
Buzzing bee

LibrarianBride:  I haven’t used a paper checkbook (for balancing) in ages. I use an excel spreadsheet and online banking. I also have a note in my phone for things that will be coming out but haven’t gone through the bank like checks and things.

I check it about every other day or after purchases while at work.

Post # 8
Member
41 posts
Newbee
  • Wedding: July 2015 - tbd

I balance my checkbook several times a week. My boyfriend’s several times a week. I have an excel spreadsheet to track deposits, debits, and due dates. I’ve been doing this for 4 years. I’ve boughtaid off a new vehicle,  bought a second new vehicle, paid off $30,000 in debt, maxed out my IRA yearly, and put several thousand in my kids 529s yearly. 

It’s part of budgeting. If you know where your money is going and how much you really have, then you can properly plan for the future. 

Post # 9
Member
602 posts
Busy bee

I’m like you. I see no need to tediously track every purchase and payment when online banking does it for me. We have direct deposit for our paychecks, most bills set up for auto payments and automatic transfers into various savings accounts each week. I check online banking every few days to confirm that the accounts are nice and fluffy but that’s about the extent of my manual banking. I think that as long as you periodically check in to make sure that nothing is amiss, there’s really no need to be all old school with it.  

Post # 10
Member
2358 posts
Buzzing bee
  • Wedding: November 1999

I never balance a checkbook. I don’t even have one. I have checks but rarely ever use one. I watch the accounts closely tho, I check them almost daily just to keep an eye on things to make sure no one has stolen our numbers, just looking for out of the ordinary stuff.

Post # 11
Member
13020 posts
Honey Beekeeper
  • Wedding: June 2011

What’s a checkbook??  😛

We have every thing on autopay.  I check once in a while if I see a high bill just to make sure everything is legit, but that’s about it. 

Post # 12
Member
2580 posts
Sugar bee

 

AB Bride:  I was thinking the same thing I am pretty sure I haven’t wrote a check for probably 8 years

Post # 14
Member
2358 posts
Buzzing bee
  • Wedding: November 1999

On a side note, I personally do not like auto pay and refuse it unless it guarantees an interest discount or something like that. Hubby is the same way, he actually does write alot of checks, whereas I pay everything online.

But I do not want anybody having auto access to my accounts. I will pay my bills when I am good n ready. Always well before the due date of course. But I refuse to give away control of my own money. When my bills get paid is my business and I absolutely never have late fees. Those piss me off more than anything. 

Post # 15
Member
2885 posts
Sugar bee
  • Wedding: May 2014

My DH use to balance his check book when he was paying bills and only when he was paying bills.  So he would spend money the rest of the month and not know anything until he got online twice a month and then paid bills.  I take care of everything now, and while I have a spreadsheet and Mint and online banking, I don’t balance a checkbook.  I have about five other failsafes, and some that send me texts messages when something happens.  I think it’s much faster and more complete than working on balancinging every month.

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