#Problem balacning my checkbook manual#
#Problem balacning my checkbook free#

In addition to tracking your cash flow, Personal Capital is filled with other tools as a bonus on top of managing your checking without balancing your checkbook. You get the same information either way, so it is up to you to decide which is easier and makes the most sense for your situation. I find that I use the mobile app when I am traveling and use the desktop version when I have my laptop handy. If you used your check register to track account balances to avoid an overdraft, you now have that power in your pocket just a few seconds away. On your phone, you can see everything available online including transaction history.

#Problem balacning my checkbook free#

Personal Capital has a free app available for the iPhone or Android. No check register that I have ever seen did that. Each transaction is automatically categorized (this requires a bit of babysitting, as the algorithms are not perfect) and flows into your budget. Personal Capital has a cash flow focused approach to budgeting, helping ensure you are spending less than you earn. If you use Mint, the site creates a budget for you based on your average spending, and it is up to you to tweak that to match your budgeting goals. It is calculated automatically, so no need for a pen, register, and calculator.Įven better, it takes the check register to the next level by building you a budget. I can log in at any time to see every account balance in one place. Rather than balance my checkbook, I just head to Personal Capital at least once a week to make sure I recognize my transactions. The site automatically imports your transactions from your online banking, credit cards, loans, and investments. My current favorite is Personal Capital, a newer entrant to the personal finance management space.įrom there, I entered my account information and my automated financial life took off. I worked at a bank at the time, and our top online security manager gave me the green light that Mint was safe and legitimate. My first venture into online account balancing came from the original version of in 2007.

#Problem balacning my checkbook manual#

Here are a few tools to put your ugly, manual check register to rest once and for all. Film cameras, typewriters, answering machines, and mix tapes are all things of the past. Remember bunny ears on your TV? Now you can stream video for free.

Instead of being setup on a blind date, you find your next love online. Instead of going to the arcade, you just pull up a new app on your phone. Think about everything else that has been made obsolete over the last five to ten years thanks to technology.

You should track your account balances online too! You get your credit card statements online. I don’t remember the last time I “balanced my checkbook” in the traditional sense. Have your tracking methods changed as well? Balancing your checkbook has gone from an activity that took hours to something you can take care of in a few minutes. Free apps have replaced your check register. New technology, however, makes balancing your checkbook a complete waste of time. Online banking and online bill pay have replaced paper checks. Balancing your checkbooks used to be a weekly “have to do” task for most families.