Using your check registry.

Using your check registry.



It is very important to use a check registry, to keep track of your money. Many people bounce checks because they lose track of their money and think that the money is in the bank. The importance of a check registry is very critical and it is part of Frugal thinking. Keeping track of your transaction allows you to keep your money instead of giving it to the bank in unnecessary fees.



Example



Lets say a person regularly bounces a check, like maybe three times a week. On average, banks charge $35.00 per bounced items. Woo Hoo!! Banks like this person already.



3x's 35 = 105 105x's 52 = 5460 WoW crazy figures. This is one way a bank makes money. 100 to 5400 dollars is a lot of money to give away when you have full control of that.



It is also good to apply for over draft protection if you qualify. If the bank offers over draft transfers from your savings account it is also a great way to save yourself from exhuberant fees, but these type of transfer cost less than getting hit with $35.00 or more depending on the institution.



Just for thought

GO FRUGAL