Is it necessary to log your transactions? (with bank) | Page 1 | Poll Universe | Guild Forums

Evaman Des

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Posted: Thu Oct 14, 2010 3:17 pm

Like, when I got my bank account and debit card, the guy gave me the transaction paper thing and advised me to keep track of my expenses to the penny...but I don't get the point. I signed up for the thing so I won't overdraw, which wouldn't happen anyways since I'm a saver, and I get text messages if I spend over a certain amount of money, and you can go online to see your transactions anyways...so if someone fraudulently charged something to my account, couldn't I just figure it out that way, instead of writing all my transactions down myself..? X.x Do any of you record your transactions yourselves? I was but now I don't see the point...

Posted: Fri Oct 15, 2010 2:03 pm

It's a good idea to keep track of how much you spend. if you use your debit card- especially around the holidays, you might want to keep track of how much you are spending.

people with joint accounts REALLY need this.. which isn't your case.

Still, keeping a record of what you spend to check against what the bank says you spend is a good idea. And as you said, if there is fraud on the account, you can tell exactly what it is that much faster.

It's just good bookkeeping, Eva

mamarita
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Evaman Des

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Posted: Sat Oct 16, 2010 10:15 am

okay...ii did text my bal to my bank the other day and get a bal that isn't even on my online activity list...i saw a dollar above and below though lol..but I only kept half the reciepts so ii cldnt really check it..

Posted: Mon Nov 08, 2010 5:30 pm

I keep a paper record of my transactions... well okay, I type them up in iWork's Numbers App. and then print them out.

The file on my Mac is then kept in a encrypted archive...

I do business with a number of banks, and I only signed up for online banking for two of them.

I like having some way of tracking my month expenses and at the same time for the two banks I do have online banking with, I like having a way of looking up how much I spend/saved in the past without having to login to their web site.

The_Wizard

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mamarita
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Posted: Wed Nov 10, 2010 12:52 pm

Eva... I guess you proved my point!

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