Get In The Habit of Checking Your Balances

When was the last time you checked your financial account balances (retirement, savings, investments, etc)? Has it been a year? Was it last month? Or was it today? Did you take notice of whether or not your money was working for you? Are you aware of all the fees that are being withdrawn by your financial institutions for maintaining or managing your accounts? Are all of the activities in your account legitimate and can be validated by you?

While it is not recommended that you overkill checking your account balances, it should be noted that this is a good habit to develop. Checking your balances empowers you to make better financial decisions and can lead you to take action to change what is not working for you. It can also confirm whether or not the financial choices you made previously are accomplishing your goals. As a result of completing this activity frequently, you are aware of how much funds you have available to you at all times, you see what interest is being gained on saving accounts and dividends that are being earned on investment accounts, and you are able to spot suspicious activities more timely and can get these issues resolved as soon as possible.

If you are not checking your account balances online or reviewing your monthly or quarterly statements, make the change today (it takes only a quick second!) to make it a priority to understand financially where you stand, and assess whether or not you need to stay the course with your current financial choices, or make changes to improve and achieve your financial goals.

2 Comments Add yours

  1. Lestin Myrie says:

    I do my best to check my little pittance,I don’t them the bank to rob me

    Liked by 1 person

    1. jamaicancpa says:

      Yes I agree, it’s important to stay on top of your account balances! Thank you for the comment!

      Like

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