The natural instinct of most people during poor economic times like the recession of 2007-2009 is to cut spending down on incidental spending. However, it turns out that one can make more fundamental changes in behavior to save money during downturns. One of these fundamental changes is to organize finances better with the help of a checkbook register.
A checkbook register is a device for tracking expenses and deposits on a checking account. It is a great tool for saving money in two ways. In one way, it reminds a person of the current account balance in between statements. In another, it prevents problems of over withdrawal that lead to penalties and fees originating from both the bank and payee.
Checkbook registers come in different forms. The most traditional and widespread is the one that is found with the checkbook at the front. It is simply a register (a blank, formatted form) with several columns for information pertaining to each transaction. However, modern registers also come in checkbook software form. These are similar in function to calculators except for specialized memory and buttons suited for entering checking account related information.
However, using such organization tools is not the only thing that can save people money. There are other structural or fundamental ways of doing so by reducing costs on subscriptions such as cell phones, purchasing energy saving appliances, and reducing health care costs which we briefly list as follows.
In the event that your cell phone plan is old-fashioned, it is not unexpected that you are paying too much money every month. Find a good money management site and input all the pertinent information regarding your current mobile phone plan, then you can compare it to plans that are offered on the market today. On a useful consumer website, you should be able to find a index of the mobile phone plans that are available to you and that meet your needs. You may in addition be able to determine exactly how much you will cut costs if you switch from your current mobile phone plan to another.
In the event that you buy a sizable appliance, it may drain your budget when you buy it, then continue to drain your budget when you run it. Most consumer websites will advise you to look into the energy star rating and the power requirements of any appliance you are thinking of buying. Over a year’s time, a consumer could save a lot of money. You can save almost half in energy usage and cost when you buy an appliance that has been rated with the government energy star rating.
If you work in a job that is considered a low risk, you may be able to save money on health insurance. People like accountants or teachers may be able to get lower cost health insurance because they work in safe environments. If you get your prescriptions at reduced prices from places like Sam’s, Costco, or KMart, it can be helpful. Nevertheless, your month-to-month health care bill can be daunting.
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MLA Style Citation:
Vogelstone, Bertrand . "Traditional Checkbook Registers and Modern Checkbook Software." Traditional Checkbook Registers and Modern Checkbook Software. 23 Jun. 2010. uberarticles.com. 25 Aug 2014 <http://uberarticles.com/finance/traditional-checkbook-registers-and-contemporary-checkbook-software/>.
APA Style Citation:
Vogelstone, B (2010, June 23). Traditional Checkbook Registers and Modern Checkbook Software. Retrieved August 25, 2014, from http://uberarticles.com/finance/traditional-checkbook-registers-and-contemporary-checkbook-software/
Chicago Style Citation:
Vogelstone, Bertrand . "Traditional Checkbook Registers and Modern Checkbook Software" uberarticles.com. http://uberarticles.com/finance/traditional-checkbook-registers-and-contemporary-checkbook-software/
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