Why You Should Be Checking Your Monthly Statements

Are you checking your monthly statements on a regular basis?

I’m talking about not just your bank statements, but also your credit card statements, too. All of your monthly statements. My guess is you’re probably not checking them often, well at least not consistently. So many of us forget to reconcile our accounts with our statements, and it’s not completely our fault. We just were really taught how to do it quickly. Plus, we always find excuses… right? We just don’t have the time and we feel since we’re tracking our spending then everything is okay.

But I am here to tell you – it’s not okay. Because you could be missing a lot of mistakes that are costing you money. Recently I discovered a huge mistake and it could have cost my family about $200. I’m sure you can relate when I say $200 is a lot of money and we really could be using that somewhere else, like paying down debt. By checking your monthly statements you can make sure to catch any forgotten charges and mistakes retailers can make.

Watch the video below to learn what mistake I caught on our monthly statement that was costing us $200. I’ll share with you what we did to get the error corrected, too. I also have quick tips on how you can streamline your budgeting process from tracking your spending, checking your statements and paying bills.

How often are you checking your statements regularly? Leave a comment letting me know!

Need More Help?

If you’re looking for a great tool to help keep your family on budget, then check out out my budget spreadsheet. Each month is laid out right in front of you where you can keep track of what you budget and what you actually spend. Now you’ll know in real time how you’re doing each month.