Deciphering Your Bank Statement


Deciphering Your Bank Statement

The only way to unburden yourself of volumes of multi-page bank statements is to stop spending so much money–which is not such a bad idea. But if that’s simply out of the question, the next best thing is to learn how to read your monthly bank statement and reconcile it against your checkbook and savings passbook.

Statement Descriptions
The first step is in simply understanding what each section means, why it’s there, and which sections are the most important.

How to Balance Your Checkbook
No one gets excused from this chore, no matter how rich or how poor you are. Check out this step by step guide to learn how to balance your checkbook on a monthly basis.


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