How to Balance a Checkbook | Step-by-Step Guide | Money Instructor

Learn the essential skill of balancing a checkbook, or checkbook register, to reconcile and take control of your personal finances. A step-by-step guide for aligning your financial records with your bank's, helping you avoid errors, dodge fees, and detect fraud.

A lesson on how to balance a checkbook, or check register. This video teaches you the step-by-step process of ensuring your financial records align with your bank's. First, you'll learn what a checkbook is and the types of transactions it tracks. Checks and debit card swipes to deposits and automatic bill payments. You'll discover the importance of balancing your checkbook to catch errors, avoid overdraft fees, and even detect fraud. Learn the materials you'll need, like a checkbook register or a budgeting app, and your latest bank statement. It guides you through adding deposits and income, subtracting payments and withdrawals, and how to compare these numbers with your current balance. Finally, you'll learn tips for troubleshooting discrepancies and why making this a regular habit sets you on the path to personal financial success. Checking 101.

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Money Instructor is the leading source for financial education and skills development. For over two decades, we have been assisting educators, students, parents, and others in teaching and learning about money skills, personal finance, money management, investing, business, and career development. We provide resources and tools to help teachers, parents, and institutions teach these crucial skills to young people. By doing so, we also aim to reinforce basic math, reading, vocabulary, and other fundamental skills that are essential for success in life.
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Money Instructor does not provide tax, legal or accounting advice. This material has been prepared for educational and informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors regarding your own situation. Although the information has been researched and vetted beforehand, it may not be current at the time of viewing.