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1 posted on 02/15/2013 5:46:24 AM PST by Kaslin
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To: Kaslin

I’m the keeper of the check book balance in our family. I keep account on a ledger type book, not the tiny one provided by the issuer.

On the right page I enter the exact check amount but round up to the nearest $10 to subtract from the previous balance. On the left page, I add the excess. I use the excess when car ins. comes due and to make property tax pymts, I have relatively low real estate taxes of about $800 per year. Car ins. is about $1,000 per year. When a check is for an even amount, such as $80, I subtract $90 and add $10 to the left.

We also use some of that excess at Christmas. It adds up quickly if you pay a lot of bills and other things by check. I currently have an “excess” balance of a little over $1,200 and that’s after recent Christmas spending.

If you think that money would do better in a pass book account, you’d be right, by a few pennies. Pass book pays around 0.17%.


2 posted on 02/15/2013 6:00:34 AM PST by Graybeard58 (_.. ._. .. _. _._ __ ___ ._. . ___ ..._ ._ ._.. _ .. _. .)
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To: Kaslin

bump


3 posted on 02/15/2013 6:07:24 AM PST by GeronL (http://asspos.blogspot.com)
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To: Kaslin
My parents, who grew up in the Great Depression, approached their budget in a very similar way. Growing up in a blue collar family, I learned this lesson from them.

The little things matter, except in Washington, where votes are purchased and results are not relevant.

4 posted on 02/15/2013 9:09:29 AM PST by Senator_Blutarski
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