smart money strategies
Ways to Manage Your Account
What is the first step to managing your checking account?
- Put all your account materials in a secure place that’s easy to access.
- Avoid using direct deposit or online banking.
- If a deposit doesn’t show up on your statement, wait two weeks for it to appear; then call your bank or credit union.
“A” is correct. If you keep your checks, ATM receipts, deposit slips, and statements all in the same, safe place, it makes it easier to monitor your account. To avoid overdrafts, each time you make a deposit, write a check, or use your debit card, record it in your checkbook register. Track your transactions. Regularly balance your checkbook and correct any accounting mistakes. If you find unexplained charges or suspect outside errors, contact your financial institution right away.