Keeping detailed records of all financial transactions, whether through a spreadsheet, notebook, or online calculator, is important to avoid issues. Writing checks helps prevent others from misusing money and reduces the need to carry large amounts of cash. It is also important to save money for large purchases or emergencies by putting funds in a savings account that earns interest but does not allow writing checks. Debit cards provide another option for accessing funds without writing checks but typically charge per-use fees, so withdrawing larger sums less often can help save money on fees.

1. Banking

2. Record Keeping
In order to avoid a lot of distress and headache, you
should keep detailed record of everything you spend,
deposit or owe. This could be done on an online calculator,
local spreadsheet, specific form or piece of paper. You
don’t have to be good at mathematics to keep a record, but
simple calculations such as totals and averages can be
useful. A spreadsheet program such as Microsoft Excel is
also very useful, just make sure you print all changes you
make to it so that you have a paper record as well as a
digital one. The same is true for any online calculator.

3. Writing Checks
Writing checks helps prevent misuse of your money
by others and is useful to avoid having to carry large
amounts of cash on you. In order to write a check, you
must have a bank account that allows check-writing,
fortunately this is the type used by most people. You will
be given (or pay for) a checkbook. Remember to always put
the relevant information on checks you write. Always
make sure you have enough money in your account t cover
the check, otherwise it will “bounce”. Any bounced checks
go on your credit history. If you receive a check, you will
have to endorse it by signing the back. When you endorse a
check you are taking responsibility for the check if it
bounces. Because of this, most banks will not take
unendorsed checks.

4. Saving Money
Money isn’t just something to spend, borrow or
earn. It can also be saved. Sometimes saving money seems
like a questionable venture. After all, there will be so many
things you can do with that money right away that would
make your life so much better. On the other hand, saving
money is often the only way to get a large enough sum
together in one place to make a big purchase if you don’t
have a credit history. It is also hugely useful to have a small
sum of money stashed away somewhere in case something
unfortunate happens, such as your car breaking down. A
popular way to put money being saved is a savings
account. This is an interest paying account without
transactional capabilities (writing checks). Keep in mind,
this is not the only option and others exist.

5. Debit Cards
Debit cards are a banking card which also has the
ability to withdraw money from an ATM machine and
transfer money at a point of sale without writing a check.
Different brands are accepted in different places but Visa
and MasterCard brands are accepted almost anywhere.
Almost all debit cards have a per use fee ranging from ten
cents to two dollars. That mean that if it costs one dollar to
withdraw money and withdraw twice a week, that’s 104
dollars per year spent just to withdraw money. If you
withdrew more money at once but less often, you would
save a lot of money.

6. Debit Cards
Debit cards are a banking card which also has the
ability to withdraw money from an ATM machine and
transfer money at a point of sale without writing a check.
Different brands are accepted in different places but Visa
and MasterCard brands are accepted almost anywhere.
Almost all debit cards have a per use fee ranging from ten
cents to two dollars. That mean that if it costs one dollar to
withdraw money and withdraw twice a week, that’s 104
dollars per year spent just to withdraw money. If you
withdrew more money at once but less often, you would
save a lot of money.