subject: Utility Of The Transaction Calculator For Personal Finances [print this page] In the front of the checkbook is a table known as the checkbook register which is used for recording all transactions involving a bank account. Its utility is precisely for the fact that monthly bank statements do not keep up with the balance between statement dates. People need to keep separate records although the rise of online banking is somewhat mitigating the problem.
It is not hard to learn how to use a checkbook register, and the same it true for the checkbook calculator. The calculator version or the checkbook register or the checkbook calculator is a small, hand-held machine that does two things. It can be a regular calculator for adding and subtracting numbers. It also has a mini-computer mode for recording banking transactions. The great thing about the checkbook calculator is that it often comes in a case that has a pocket to hold the real checkbook.
The main advantage of the checkbook calculator is that it can be carried around on your person. This enables real-time updates to your account balance as you go about your daily expenses. Two alternatives exist as substitutes for the portable checkbook calculator. The first is an imperfect solution consisting of software installed on a computer at home that does the same as the calculator. The second is the new generation of smart phones that have special apps that can be used to record checking information.
Use a checkbook register and calculator to record phone plan transactions. If you have an outdated phone plan, it may be that you are paying too much on your bill every month. To compare your cellular phone plan with those currently offered, go to a good money management online place and input your current plan information. On a useful consumer website, you might be able to find a list of the mobile phone plans that are offered to you and that fit your needs.
Large transactions for household items such as appliances can be recorded in the checkbook calculator or register. When purchasing a new heavy appliance, you will spend a lot of money to buy it, also spend a lot of money to run it. Often, consumer website advise that a consumer check the energy star rating of an appliance and determine how much power it requires before purchasing it.
Monthly recurring expenses can also be recorded via the transaction or checkbook calculator. Your job may help you to get lower insurance rates - if you are in a low-risk (safe) position, your insurance may cost you less. Some fairly "safe" jobs are teaching and accounting so if you have this sort of job, you may be able to get lower costs on your health insurance.
by: Bertrand Vogelstone.
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