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Very few people enjoy balancing a checkbook. In fact, most people would prefer to never do it. But this is an important personal accounting act that everyone should follow.

A checkbook calculator is the easiest way to ensure you're balancing your checking account properly. Doing this regularly will help you control spending and give you a better idea of your financial situation.

Fortunately, you no longer have to keep updating those paper booklets that come with your checks.


What does a checkbook calculator do?

With a little work, you can be on your way to better savings. For help getting started, make sure to use our checkbook calculator.

The calculator is intended as a checkup on your checking account. You can input your starting balance and then any regular payments you make and receive in the next month.

When you're finished inputting all the deposits and withdrawals, you'll know how much money is left in your account.

How It Works

For example, you would indicate any checks that you have written or purchases you plan to make. Then you can add in any wages, interest payments, or other money you have coming in.

The calculator will provide you with an ending balance for you to ensure you're on track or if you need to make adjustments.

You should also add any ATM fees you may have during the month, especially if you regularly use out-of-network ATMs.

Why should a checkbook be balanced?

Balancing your checkbook is important if you want to be in control of your personal finances. If you don't update your checking account balance on a regular basis, you run the risk of overdrawing your account.

When To Do It

Updating your balance should be a regular activity. You don't have to check it every day, but you should set aside time at least once a week to check up on your spending.


With so many people having little in savings and retirement accounts, it's important to keep track of your money.

You should at least have a rough idea of how much is in your account in case you have to make an important purchase.

If you don't know your account balance, you run the risk of being in overdraft. And if you spend more than is in your account, your bank will charge fees that will pile up until you add more money to your account.


An advantage of having a balanced account is that you can see how much money you have and how much you'll need. You can avoid overdraft fees and see if there's enough in your account to save for the future.

How do you balance a checking account?

When you want to know how to balance a checking account, you need to look at the basic steps. The easiest way to balance your checking account is to update your balance after every transaction.

You shouldn't rely on your ATM receipts to balance your account. While you can check your balance before withdrawing from an ATM, you shouldn't wait until after you've made a withdrawal to find out that there's a problem.

Step One

The first step to balancing your checkbook is to look at your most recent account statement and match all receipts to it.

You want to check that there are no problems and that your account balance is correct to start. This will give you a starting balance to use until you receive your next statement.

Step Two

You should calculate all the recurring bills you have until your next statement and deduct those from your account balance.

Step Three

Then you can add all your expected deposits. You don't need to enter these in a checkbook register, but you need to make sure that you have more deposits than withdrawals.

In your register, you should write in every transaction you make. Deduct every payment and deposit you make and update the ending balance.

What can I do to improve my balance?

The best way to improve your balance is to make sure that you have more money coming in than going out. It's not always easy to earn more money, but there are some habits you can change to spend less each month.

Step One: Balance Your Account

The first step to improving your balance is to pay attention to it. If you know what you have in your account, you'll know how much you can afford to spend.

Step Two: Budget Your Spending

Even if you regularly update your account balance, you should still think about your daily purchases. Making conscious decisions on whether you should spend more money can have a greater effect on your checking account.

Step Three: Plan Ahead

You should make sure you always have enough money to pay your regular bills, such as utilities, student loans, and rent or mortgage. And, if possible, pay down your debt faster to alleviate the burden in the future.

How can I stop overspending?

The first step you can take to regain control of your personal finances is to monitor your spending and saving habits. Knowing how to balance a checking account is just one of the steps to a healthier financial situation.

Depending on your current situation, you may consider looking into your options for checking accounts at other banks. You may be able to open an account with lower or no fees. You can also find accounts that pay higher interest rates to aid your savings.

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