How to balance a cheque book (and why it’s important!)
With today’s digital banking, the task of ‘balancing a cheque book’ is likely an ancient one. But the nature of the task will always be an important part of financial health.
So, what does it mean to balance your accounts?
Essentially, you are verifying your incoming and out-going funds. You are ensuring that your transactions match your bank records.
Why is it important?
This exercise is integral to understanding what your personal finances look like.