Keep accurate records Use your checkbook's check register to track the checks you've written and how much money you have left. Save your cash machine withdrawal receipts and record them as well. This will help you avoid penalties for going under your minimum or bouncing a check. Balance your checkbook Each month when your statement comes, balance your checkbook. This will help you find your own mistakes and any the bank may have made.
Banks do sometimes make mistakes.
Store your canceled checks and bank statements in a safe place. These records come in handy at income tax time, and can save you money by proving you paid disputed bills. Money Saving Tip Don't rely on your cash machine balance. It can fool you into thinking you have more money than you do. The cash machine balance doesn't take into consideration checks you've written that haven't yet been cashed.