Balancing Your Checking Account
You can do all kinds of things with your checking account: write checks, make deposits, pay bills, and make purchases. There's something else you can do, too - spend more money than you really have. Not that you want to do this - but it is possible, so you have to watch your balance and what you spend.
To avoid taking out more money than you have and getting charged any fees by your bank, it's important to keep track of all your transactions. This is sometimes called balancing, or monitoring, your account. It means keeping track of the amount of money going into and coming out your account so you always know how much money you have in there.
You can do all kinds of things with your checking account: write checks, make deposits, pay bills, and make purchases. There's something else you can do, too - spend more money than you really have. Not that you want to do this - but it is possible, so you have to watch your balance and what you spend.
To avoid taking out more money than you have and getting charged any fees by your bank, it's important to keep track of all your transactions. This is sometimes called balancing, or monitoring, your account. It means keeping track of the amount of money going into and coming out your account so you always know how much money you have in there.