Comments on: Daily Links: Frugal Coast2Coast Edition

By: jay

jay — Sat, 21 Feb 2009 10:32:53 +0000

i had a similar quote framed in the office:

“if you don’t invest in yourself, who will?”

By: Henry

Henry — Sat, 21 Feb 2009 03:36:20 +0000

Hey J.D., thanks for linking to my Presidential Giveaway! Good luck to everyone!

By: Tyler Karaszewski

Tyler Karaszewski — Sat, 21 Feb 2009 01:43:58 +0000

Ah, yeah, I don’t do that. I don’t keep expected account balances anywhere other than on my bank’s website, so there’s nothing to reconcile. If I want to know how much money is in an account, I log into my bank’s website and check there.

The bank keeps track of this information for me, and I don’t have any compelling reason to spend time duplicating their work.

By: James

James — Sat, 21 Feb 2009 01:40:41 +0000

Yeah, I agree that the longer you take from the time the expense came in to the time you reconcile your accounts (or do your taxes or to file anything), the harder it takes.

But then again, there are more interesting to do then to file stuff right. That why most people procrastinate :-). Even the experts.

While I do have a filing system of sorts, I too fall prey to this “disease”

By: J.D.

J.D. — Sat, 21 Feb 2009 00:59:21 +0000

Tyler, by “reconcile my account” I mean make sure that my Quicken and QuickBooks balances match the banks and credit card companies. When I “do my finances”, I sit at the computer, enter all of my receipts and statements, and then compare to online information. Ideally, I do this right along. At a minimum, I do it once a week. But lately, it’s been more like once a month, and it’s a headache.

By: Tyler Karaszewski

Tyler Karaszewski — Sat, 21 Feb 2009 00:49:10 +0000

“…reconcile my accounts”

I’m not really sure what this means. That seems to imply it’s something I don’t do, and since I don’t seem to be feeling any ill effects from not doing it, I’m wondering why it seems so important to you.

Unless I do the same thing but think of it in other terms than “reconciling my accounts”.