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Money and Budgeting

Don't write checks for more than what you have!

The money in your checking account at any one time is what you have. Once you write a check, you must think of that money as spent and no longer yours.

If you write a check for more than the amount you have in your account, the check will "bounce." This means that the bank won't cash it and will charge you a fee besides. So your bill won't be paid and it will cost you even more money.

Bouncing a check is an expensive mistake and can make some people refuse to accept your checks, because they might not believe you have enough money in your account.

 

 

Example

You pay your electric bill of $48 with a check. But, you only have $45 in your checking account.

How much do you owe? Click here to find out.