The app is listed on our website since and was downloaded 333 times. To install Balance My Checkbook Pro on your Android device, just click the green Continue To App button above to start the installation process. This app was rated by 1 users of our site and has an average rating of 4.0. The latest version released by its developer is 2.25. The company that develops Balance My Checkbook Pro is Goodyware Applications. Balancing your checking account is an easy way to stay on top of your budget.Balance My Checkbook Pro is a paid app for Android published in the Accounting & Finance list of apps, part of Business. If you don’t balance your checking account, you might start to lose control of your finances. What happens if you don't balance your checking account? If you have any lingering expenses, such as a check that you paid that has not been deposited yet, take that expense into account as well. Make sure that everything tracks with what you’ve spent and made in income. To balance your account, compare your expenses with your checking account statement. What is the process of balancing your account? Taking a close look at your finances will help you to feel more in control of your life, and it will allows you to take action from an informed place instead of a panicked state. Frequently asked questions (FAQs) Is it still necessary to balance a checkbook?Īlthough few people still use paper checks, and balancing a checkbook is more of a metaphor than an action you take with pen and paper, it is important to make sure that you’re keeping track of your expenses and your income. This practice also has the benefit of helping you keep track of subscriptions you don’t use and other wasteful expenses. Account for anything you foresee coming in or going out, as well, such as a check you’ve paid that hasn’t been deposited yet. Once a month, however, take additional time to go through each line in your statement and ensure that it is accurate. With a weekly review, you’ll already have an idea of how much is in your checking account and how much you’ve spent and received. Make an effort to review your checking account at least once a month. If something is still amiss, call your bank to go over transactions that may have been overlooked. If the numbers don’t add up, go back and make sure that you’ve accounted for all of your debited and credited transactions (meaning, how much has been withdrawn and has gone into your account). What to do if your checkbook isn’t balanced You can also review your monthly balance statement through your mobile banking app, online, or with the printed statement without an excel sheet, a calculator, or a budgeting app. You can also do this with a calculator or with apps that help you to budget. For example, these can be shopping, travel, or even a car repair. Then you can add your irregular expenses. Those expenses are ongoing and repeat every month. Recurring expenses can be mortgage or rent, car insurance, groceries, medications, etc. The best way to make sure your checking account is up-to-date is to create an excel sheet and include your recurring expenses. Compare your current available balance with your records If you are charged those fees at the end of the month, account for them early on so that you have a clear understanding of your budget and expenses. You might have fees associated with your checking account, and you will see those on your statement as well. Pending transactions - both debited and credited - have taken the place of outstanding checks, but the point is to know how much money you have so you don’t overspend and overdraw your account. If you receive paper statements, your current available balance will usually be at the top of the statement. These days, you can look for your current available balance on your mobile app or online account. If your statement said you had more money than the checks you wrote, you knew that there were checks outstanding, and it was a warning to not overdraft your account. At the end of the month, you would reconcile the amount of the checks you wrote with your paper statement that came in the mail. In the old days of paper checks, the stub of the check is where people would keep a record of their transactions. Have fun with it by playing music or lighting a scented candle. Make your money date a weekly, non-negotiable occurrence. You can also use this time to make calls related to your finances. During your money date, you also take care of any bills that you might owe (such as outstanding medical bills or even parking tickets). Schedule a money dateĪ “money date” is a weekly date with yourself that you schedule on your calendar to review your income and expenses.
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