I was hit with two, yes two costly bank charges because of insufficient fund. I felt bad, really bad, because it's really a simple matter but I missed it. The charges cost me a lot. The money could have been used to put petrol on my car for 2 weeks. Whoaaaa!
Second, I need to review important areas of my finances. When do I do this? The article in Christian PF entitled: "How often should you review important areas of your finances?" gave me the answer.
His number 1 recommendation is to review AT LEAST ONCE A WEEK my checking/savings accounts. At the very least, take a look at my checking/savings account to have a feel of where I am. I have a problem remembering checks I issued, specially if they were issued in series like the payment I made for my insurance. I issued 4 checks on a quarterly basis. It was the last one I missed.
Also, he suggest that we check our other common accounts on a weekly basis. I made a resolution to always check my bank accounts and come up with a monthly checks to honor so that this won't happen again. Such a simple but important step I need to take.
I know I can do it.
P.S. Can you give me your ideas on how to control my finances?