Personal Finance Camp 09/02/2008

We’re introducing a new feature here at the Paycheck Chronicles:  Personal Finance Camp.  Personal Finance Camp will be one quick, easy task that will help improve your overall financial health.  Okay, they won’t always be quick and easy.  If we assign a PFC job that you’ve already completed, great.  If you can’t get the PFC job today, that’s okay.  Maybe you can come back and do it another day.  Even if you only do one PFC per week, you’re taking steps that will add up to big results.

Today’s PFC:  Balance Your Checkbook.  Either get online, or pull out your paper statement, and figure out how much money you have in your checking account.  Having a firm grasp of the balance is a good key to keeping yourself in line.  Decide for yourself how close you have to be – balanced to the penny?  Within a dollar?  Within ten dollars?  It doesn’t matter what you choose, as long as everyone that uses that account knows the guidelines.

Awesome, you’re done!  Check back tomorrow to see what we’re doing in Personal Finance Camp.

About the Author

Kate Horrell
Kate Horrell is a military financial coach, mom of four teens, and Navy spouse. She has a background in taxes and mortgage banking, and a trove of experience helping other military families with their money. Follow her on twitter @realKateHorrell.