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Politics : View from the Center and Left
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To: Dale Baker who wrote (7241)12/19/2005 4:32:44 PM
From: TimF  Read Replies (1) of 541520
 
I think most people who seriously try to balance their checkbook spend more than 5 minutes a month at it. Maybe you don't write a lot of checks, or maybe you are just very good at balancing.

I agree that you should normally (preferably almost always) have a good idea of how much money you have in your account. However you can have that without actually going through the practice of balancing your book.

I write very few checks. I mostly using electronic payments. I can check my balance anywhere with an internet connection or if I need to at many ATMs.

I don't actually balance my checkbook and make sure everything is accurate to the penny, but I think I do spend more than 5 minutes a month of my checking account. If I wrote checks for everything and I actually tried to thoroughly balance it; I think I would spend more like 5 minutes per day on the process.

Tim
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