Your money personality dictates the way you do a lot of things: the way you spend, how you pay, and even the kinds of checks you might want to use!
But here are 5 reasons that you should continue to balance your checkbook, even with all of the technological gains.
Fees, Charges & Penalties
Have you ever read the terms and conditions on your bank account? Do you really understand what the financial jargon means?
Banks must notify you usually about 30 days before they add on new fees, charges or penalties.
You should balance your checkbook to ensure that you don’t receive a “non-sufficient funds” (NSF) charge; the bank might have been subtracting money from your account for new fees and you bounced a check because you didn’t know how much was available.
Human Cashiers Still Make Mistakes
Many banks go through numerous customer service representatives in a short amount of time. One mistyped “0” can mean a big difference in your account.
People are only human, we all make mistakes. Balancing your checkbook can find these errors before they become big.
There may be a statute of limitations on certain errors. You want to bring mistakes to your bank’s attention as soon as possible.
Computers are programmed by humans. While it is extremely rare, there may be a computer glitch in dealing with fractions that could effect your bank account.
Remember that your interest is a percentage of the value of money in your account. If the computer does not properly handle these mathematical calculations, there could be an error.
Your credit score could be unduly damaged by human or computer errors.
Cyber Criminals Are Clever
Malware allows hackers to steal millions every day according to federal cyber crime police.
One of the negatives of mobile banking is that the security features are still not completely safe.
Balancing your checkbook can lead you to becoming aware of hacking attacks or identity theft before these dangers can completely ruin your life.
Develop Financial Discipline
Wealth management skills are learned not innate. By continually balancing your checkbook, you become aware of how much you have, how much you added and any discrepancies in your account. Y
our bank account information remains in the forefront of your mind. You also develop better financial discipline. This can help you when there is an unexpected downturn in your financial situation.
Banking technology is better, but nothing is foolproof. Children and adults should learn how to balance a checkbook in order to manage their money. Wealth management skills can be the difference between life success and failure.
Paying bills is never fun. CheckWorks, however, has some really fun check designs that can make the experience more enjoyable.
Enjoy the bold colors of summer and escape to a tropical paradise by the sea. Check out some of the great designs for summer (links are in the headings).
Go back in time to the beach parties and sock hops of the 1950s and 1960s with four popular paintings by Scott Westmoreland. Each design features a scene with a classic Woodie. Imagine driving the Woodie to the beach and parking it in the sand next to a row of surfboards.
Step out onto the sand and join the surfers watching the waves come to shore. Drive your Woodie to a quiet spot along the water to relax, and enjoy coming home to man’s best friend waiting in the driveway.
Escape to the sea for a few minutes with these four sepia photographs of beach scenes. The first photo features a quiet view of a beach dune with a wooden fence weathered by the salty winds.
Next, a lone motorcycle is parked at the beach with the sea shining in the background. Then, there is a collection of beautiful shells and starfish. The final scene captures the power of a large wave crashing down against the beach.
Dancing Butterflies Checks
Imagine sipping a glass of lemonade in the summer sun while watching the butterflies flitter in the sky. These checks showcase the beauty of butterflies in the bright colors of summer.
Each design highlights the gorgeous colors and swirling patterns of the butterfly wings against backgrounds of green, pink, purple, and yellow.
Bahama Breeze Checks
Take a journey to the Bahamas with four iconic prints from the islands. Of course, there are crystal blue waters, palm trees, and coconuts.
There are also pineapples, tropical flowers, and a perfectly woven straw basket. Bring your own fruity drink topped with a paper umbrella.
Sunny Side Up Checks
Pack up and get ready for a day of fun in the sun.
First, grab your bathing suit. You’ve got yellow polka dots, tropical blue floral, and bikinis from which to choose. You’ll need a bag to carry all of your supplies. Square or round? Big or small? Pink, yellow, or blue?
The sun is bright. Don’t forget to pack a hat and sunglasses. Straw hat, bucket hat, big hat, or floppy hat?
You are almost ready to go. Slip on a pair of flip-flops and you are out the door. It doesn’t matter if you choose the stripes, the wedges, or the flip-flops with the flowers. You are ready for your day in the sun.
Welcome to Paradise! Gaze at these tropical scenes for long enough and you might actually start to smell the salty air.
In this tropical paradise you will find palm trees on white sand beaches next to a crystalline turquoise sea. Brightly colored surfboards are lined up in front of crashing blue waves.
Rocky coastlines give way to soft, sand beaches and the rolling tides. A quiet pier leads you to relax next to the glassy green waters. Paradise awaits.
Every time you use your checks, you are making a written record of each purchase. This may not seem like a big deal to the average person, but, when you own a small business, records are everything. You may not be thinking too much about tax season, right now, but the truth is that it is right around the corner. In just a few months, you and millions of other people will be scrambling to gather receipts and other records for tax purposes.
With the use of a checkbook, you can eliminate a huge part of your tax woes. Checkbooks make it easy to keep track of all purchases for a small business. They also make it easy to monitor expenses, as well as income. Any time you make a business-related purchase, pay a business-related bill, or receive business income, your checkbook will reflect a written record. When tax season rolls around, all you have to do is gather your checkbooks from the previous year, and you will have a big portion of the necessary records for your accountant.
Here at checkworks.com, we have a wide assortment of checks for business use, as well as checks for personal use. We also carry a variety of checkbook accessories. These include check registers, calculators, checkbook covers, and business cards. With the right accessories, it can be even easier for you to keep track of business income and expenses in your checkbook.
Times may be changing, and technology keeps advancing — but checkbooks are still used widely, and for many reasons. One of the primary reasons for using a checkbook is for the written record. Whether you are a small business owner or just an individual looking to keep better track of your finances, a checking account can help. CheckWorks is here to make sure you have all of the necessary checks and accessories you need to keep your business finances in order, as well as your personal finances.
Contact us today to learn more about our wide selection of products and how they can help you stay organized, especially with tax season approaching.
Creating a household budget is the best way to get your finances under control and properly manage them. Creating the budget is easy enough — sticking to that same budget: that is often much harder. You have to be committed to getting your finances under control — you have to take charge of your budget. One tool that can help you stick to your budget is your checkbook. Writing checks for purchases instead of swiping your debit card can help you control your spending.
You may be wondering how a checkbook can keep your finances under control. Take a minute to think about how easy it is to swipe that card. You use it at the grocery store, at the gas station, and at the Redbox to rent movies. Before you know it, you have lost track of the purchases you made for the day — and the next thing you know, your bank account is overdrawn.
Two Ways Your Checkbook Can Help
With a checkbook, you have to write out a check for each and every purchase. This can help you in two ways. First, when you fill out the check, you are creating a record of your purchase, either by using duplicates or by recording the purchase in your register. At the end of the day, you can quickly check your register and see exactly how much money you spend and where.
Second, writing checks can make you rethink a purchase. Do you really need that fountain drink or your favorite cappuccino if you have to write a check for such a small purchase? When you use your checkbook instead of your debit card, you are much more likely to reduce your spending simply because you don’t want to take the time to fill out a check for minor purchases. Those minor purchases add up each month — if you reduce the number of small purchases you make, you will save money.
Adhering to a monthly budget can help you reduce spending, save money for the future, and make your financial situation more secure. The first step is creating your budget. The second step is sticking to it, and your checkbook can help with that. Contact www.checkworks.com to learn more about our wide selection of personal checks and registers to help you with your budget tracking.
Living on your own for the first time can be quite the overwhelming experience. All of a sudden, you are in charge of your life. Your parents aren’t there to write the checks to pay the bills — you have to do it on your own. Making the transition from childhood to adulthood is not an overnight process. It is something that takes time, and you can expect to make your fair share of mistakes. The biggest responsibility you face is meeting your financial obligations. Here are some tips to help you get started into adulthood with solid financial footing:
- Open a checking account as soon as you get your first job. Even if you are not a legal adult yet, you can still open a checking account. You may need your parents’ help, but once you have a checking account, you can start managing your money.
- Keep track of every check you write. You can do this by using the ledger that comes with your checkbook, or you can order a check register from us. Writing down every purchase you make and every bill you pay will help you keep track of where your money is going.
- Don’t forget to keep track of all deposits. It can be easy to overlook a deposit if it is made automatically, so make sure you know when your paychecks will be deposited.
- Balance your register with your bank statement every month. Make sure there are no discrepancies.
Learning financial responsibility starts as soon as you have money to manage. Whether it is an allowance or a job, opening a checking account will help you learn to manage your money. If you choose not to open a checking account until you are a legal adult and moved out on your own, keep those tips in mind. It is never too late to learn how to be financially responsible.
One last thing to keep in mind — when you do move out on your own for the first time, make a budget and stick to it. There are various ways you can do this. One popular method is the envelope system, in which you have an envelope for all expenses, such as utilities, rent, food, entertainment, gas, etc. Once the envelope is empty, you cannot refill it. This will help teach you to budget your weekly allotments with care.
Contact us today at www.checkworks.com, and we can set you up with personalized checks for your checking account.
When you are starting out in the “real” world as an adult, you have a lot of choices in front of you. You have to make careful choices, too, because they can affect the rest of your life. For example, if you decide to open several credit lines, and wind up getting behind, you can damage your credit. A better alternative to establishing some credit is to open a checking account. When you write checks, you will not only be learning how to manage your money with care, you will slowly be building your credit worthiness.
As a young adult, you need to be cautious in the financial world. It only takes one missed payment to ruin your credit, but it can take years to restore it. Instead of rushing out and snatching up credit cards, learn how to live within your means with a personal checking account. Here at CheckWorks, we offer a wide selection of personal checks to help you on your journey into adulthood.
After you have successfully handled your money in your checking account for a few years, you can start thinking about taking on a credit card. Your bank may have a credit card to offer you. Just remember to take things slow when it comes to credit cards. Avoid having too many cards at once, and make sure you pay off your balances quickly. If you ever get in a jam and have to miss a payment, always contact your credit card company and let them know the situation, and when to expect your payment. Communication is very important in the credit world.
By learning how to manage your finances with a checking account, you will soon be ready for credit cards, automobile loans, and, eventually, a mortgage. The first step to being a full-grown adult is a checking account — and we are here to help you enjoy your checking account by giving you stylish, fun checks to use!
Contact us today at CheckWorks to choose from our selection of personal checks, registers, and other money management tools. We want to help you manage your finances with ease!