My father and my father was a law at both ends of the spectrum when it comes to his own checking account management. Dad spent a few hours, sometimes days, to track in the checkbook register 2 percent error. He spent the time crazy can not balance a checkbook to the penny statements.
My father in law on the other hand, even the retention of a checkbook track. It can not be troubled with your account balance. His philosophy is: "If I run out of money, the banks let me know." This is a way a few hands, we can muddle through, but he was one who was born of working life in the city with less than 800. Banks, in fact, my father know that son when he was discovered. Has never, to my knowledge, accused him of overdraft charges.
This method can be a small town in northern Idaho. Most of us, but do not have that relationship with the banks, we are kind. In well-functioning personal financial order, we have a responsibility to make lifestyle decisions, so that work with day to day financial management. How do we manage our checking account and credit card transactions are required for success.
My method is somewhere in the Middle East
My approach to manage our check register, the family is the extreme between parents, the above-mentioned. My wife Louise, and recorded in our records of all transactions, such as watches and clocks, that our account balance each month. What should not do is to spend an unnecessary amount of time trying to find our account does not balance the wrong statement. If the error within comfortable limits, I can adjust the account balance, and then with their lives. What is a "comfortable limit," which account balances may be. My tolerance is directly proportional to the amount of mistakes, we do have an error occurs. Balance of error does not occur very frequently. Most of the time, we query the balance of the penny. The accuracy can be attributed to a certain extent, the fact that the financial management software for personal use.
The problem is that personal financial needs some work, but not a perfect ideal. Each one of us has some of the business process involves a lot of people produce, as part of our financial part of life. Hundreds of millions of dollars and transactions, regardless of size, will be through our own human error and human error can be all those behind the scenes, we rarely consider the number perpetrated against the people in the millions. This is by us, therefore, to monitor our personal financial card account, we have the pulse of the checkbook and credit registration. Such monitoring may be mentally ill or a normal, healthy part of our lives. It depends determines our position on this issue each of us. Do we have to take the edge acts as a my parents? Still have to maintain a healthy, simple (kiss)?
The way of life imposed by the use of tools options
The use of cash flow management tool, requiring it to make the lifestyle imposed by nature, is necessary, if the tool will work as expected decision. This sounds scary, but very well written, easy to use, functional way of life is not required for an unnecessary burden. For those of us in good faith who have "more money than a month" instead of "much money a month," a minority, may be very interested in the development of new habits is not necessarily difficult adjustment. The financial recovery of the peace of mind is worth it.
We do not make any decisions
First of all, let's take a look at the habit, which will make financial life easier, regardless of whether the use of personal financial software.
* To maintain an accurate register of your wallet. Your checking account may be your main tool of financial management. It makes sense, in my opinion, to keep your check register up to date and accurate. If you do not use the word to all transactions (such as checks, ATM transactions, deposits checkbook register) or the balance of your wallet every month, these are now seeking to develop habits may be. If you decide to use financial management program, an accurate examination is necessary.
* Keep accurate records of freight. If you use a credit card, kept accurate records of your costs and returns is also important to the cash flow management efforts to be successful. I believe that the record of the charges retained the main contributor to why many people into debt problems, but also may be subject to card. I think it is essential that, from today onwards, in order to maintain the operation of all goods does not exceed reconcile your credit card statement of income and other factors. If you are using the correct software, personal finance, freight forwarding operations are entered into the program as soon as convenient. And precision of the load process, to let you know what their position is, from his debts on the card position.
Implemented by software selection
The following issue is specific to the success of many individuals to use the financial plan.
* A checking account. How people manage their personal funds, well, personal. For a person's choice, to be simplified. Once a person became a partner, however, personal finance can be complex and depends on the amount of each partner's need for financial autonomy. Regardless of the number of savings and current account of each individual or couple needs at least a checking account, usually the software application requirements. This is a checking account, as well as the program used to plan and pay bills, plan and pay for the procurement plan and streamline the maintenance per week. Its purpose is, procedures and related checking account packages of people a whole month to three months of the financial records.
* Pay bills in accordance with the schedule. Rather than to pay when you receive a bill, or when you pay, pay the monthly bill the same day. For most people, proper procedures will be the 1st and 15th of each month. To pay bills (such as checks, cash, online, automatic withdrawal) operation is entirely up to you, but sit twice a month, and has its own account on or before the date of payment should be simplified and convenient billing.
* Monthly own timetable. "Payment" itself is a fixed amount of money spent on the same day, every week, regardless of your income when received to soften their daily expenses. How much money, you give weeks is entirely up to you as a week's "pay" themselves. The trick is to find how much money each week, enough for daily expenses, but does not leave enough to pay the bill. The proper preparation of personal finance program will automatically include your "pay day" in the monthly financial forecast, so you can see, if you have correctly configured the amount of weekly pocket money.
* Keep accurate records. Personal financial management for the preparation of a correct program, give him a "future" of the monthly cash flow projections. When, as a means of maintaining the current cash flow projections, the key is given where you are, where you are headed by a continuous screen. You must therefore be compatible with the current monthly financial records maintenance. With the right software, personal finance, this need not be regarded as a track of every penny you spend, or in person you're writing big checks and classification tasks. In personal finance the maintenance of proper writing of history's bill would be submitted when you receive these, when you take into the office once a week to pay their own mediation procedure and goods bank statements and pay bills. Under normal circumstances, all of which are derived from financial activities, 3:58, monthly hours.
Paperwork flow
There are some habits couples Louis, I have developed a simplified, such as the task of maintaining accurate records. When you receive the relevant documents, including a financial transaction, that is, paper is our "in" baskets. While most of our financial transactions conducted by electronic means, but there are still problems, such as the load a single, subscribing to magazines and printing. All these in one place, it is in our computer records in an accurate and timely printed circuit. This is unusual in our paper between one to be forgotten.
Paper can be used to check their accounts need to, like credit card receipts, last summer, was placed in a "post has been maintained in our personal finance software registration" folder. Paper does not require admission after crushing or burning works. After credit card reconciliation, all transactions have been cleared the file is from "hold" folder, also destroyed by deleting some.
This is a simple, but it work for us. Although the house we all know, clerical work, "mobility is usually the possibility of the use of such flows, trading losses, lead to a financial error is very small.
The big brother to your checking account
Another habit I have adopted is turned off, and our checking account on-line monitoring. I am a big fan of online banking has given me almost want to check account status on our latest information. I started as a part of the team, we look at our checking account activity to see. This sounds a bit paranoid, but I can find a few unexpected events. There is no trauma, such as identity theft, but to maintain a checking account, I have to closely monitor the activities of unexpectedly quit shortly after, rather than a statement in the future by surprise. The most recent example is the credit card payment automatically thought I had canceled. After two years with the credit card company's customer service staff to arrange for one. If I have not seen an accident when the first payment, our current account may consist of 75 short. 00 of these two months each. This can be a big number, but it may have been enough to cause a potential problem for any inconvenience, if not be found.
Financial Peace of Mind
All of the lifestyle is so firmly rooted in the discussion of the daily life of Lois and I no longer think about them. Therefore, we smooth the financial situation of each month with few interruptions. When we discuss the financial issue is one, rather than who is doing or not doing the fighting know choose to discuss. Money is not that the source of our lives, such as his wife. Our marriage Lois, I have been to enjoy the financial peace-loving majority taking into account the 40 years or more. This financial joy is the only direct cause of the cash flow-based software technology to manage our personal finances.

Tags: Account, Accounts, card, checkbook register, Checking, credit, Finances, K.i.s.s.ing, lifestyle decisions, Personal, quot