Reply to Peeve: People who wait to cash large checks

Forum Index » Money and Finances

Reply to "Peeve: People who wait to cash large checks"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]Why? You should be looking at your account as if the money isn't there as soon as the check is written and until it is cleared. If you have the money to cover the check, and you know that eventually it will get cashed, this is a non issue. You balance your acct as if it already gone. [/quote]

Yes, I know, but feels artificial to me to keep the "minimum" of the account at $2,000 more than it actually is. I balance my account online, so whenever I see the balance is $2,000 higher, it plays tricks on my mind that makes me think I have more money than I actually do. It's just a minor annoyance to have to have that feeling for two months.[/quote]

Wait. Balancing your account online isn't balancing your account. The point of balancing it yourself is to catch mistakes that may be made by the bank; you'll never catch these if you check against their record exclusively. And furthermore, you won't know what you've put out as opposed to what you have sitting there, as you are seeing now.

We keep a shared google doc running where we essentially balance our checking account daily (or every other day). It's a copy of the bank's record, but by our account in real-time. Was tedious at first, but now habit. Works for us. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics