Royce Shook

1 year ago · 1 min. reading time · ~10 ·

Blogging
>
Royce blog
>
Balancing a chequebook

Balancing a chequebook

Since a lot of purchases and bill payments happen online these days, the frequency of someone writing a check to cover — well, anything — has sharply decreased, especially in the last decade. I use my Debit card for almost all of my purchases and I cannot remember the last time I wrote a check. Balancing a chequebook was one of the skills I used to teach in my Recordkeeping classes and it was one that I believed was an important lifelong skill. However, technology has changed that need.

The art of balancing a chequebook — that is, going through your own notes of what you paid out to compare it to your monthly bank statement — is also a thing of the past.

While you may not have a physical chequebook anymore, the logic of financial literacy behind this process is sound. The logic is that you know where you spend your money, and you know how much you have in the bank. Without understanding this simple concept, as a person on a fixed income, you may be one of the many that just shut your eyes and whisper a small prayer that your debit card would have enough funds to cover your purchase. Maybe taking some time to look at your statements regularly and understanding what they mean isn’t such a bad idea.

It can help you spend your money more wisely, and it can help you notice any signs of fraud.

Unless you meant to buy thousands of dollars in gift cards.

Life Lessons
Comments

Articles from Royce Shook

View blog
20 hours ago · 1 min. reading time

Please note that these statements are intended to be humorous and based on stereotypes I have heard ...

3 weeks ago · 1 min. reading time

As some of you may know, my grandson is an elite athlete, and I have no claim on ability, that belon ...

2 days ago · 1 min. reading time

My thanks to Walter and his sense of "old" humour for these · 'OLD' IS WHEN... · Your sweetie says · ...

You may be interested in these jobs

  • OceanHill Walls & Ceilings Ltd.

    office administrator

    Found in: Talent CA 2 C2 - 5 days ago


    OceanHill Walls & Ceilings Ltd. Calgary, Canada

    Education: Secondary (high) school graduation certificate · Experience: 1 year to less than 2 years · Tasks · Review, evaluate and implement new administrative procedures · Establish work priorities and ensure procedures are followed and deadlines are met · Carry out administrati ...

  • SLPH Restaurants Inc

    cook

    Found in: Talent CA 2 C2 - 5 days ago


    SLPH Restaurants Inc Slave Lake, Canada

    Education: No degree, certificate or diploma · Experience: 1 year to less than 2 years · Work setting · Restaurant · Tasks · Prepare and cook complete meals or individual dishes and foods · Plan menus, determine size of food portions, estimate food requirements and costs, and mon ...

  • BCF CONTRACTING GROUP CORP

    plumber

    Found in: Talent CA 2 C2 - 5 days ago


    BCF CONTRACTING GROUP CORP Toronto, Canada

    Work Term: Permanent · Work Language: English · Hours: 42.5 hours per week · Education: Secondary (high) school graduation certificate · Experience: 3 years to less than 5 years · Work site environment · Confined spaces · Wet/damp · Work setting · Various locations · Tasks · Read ...