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I'm old-fashioned--I still balance the family checkbook with the bank statement, pen, and calculator. I've tried using MS Money and Quicken in the past, and it was just too much of a pain to sit down and input all the items. I'd forget to do it, then have to do three or four months worth of transactions at a time. Even downloading the information from the bank's website to the book-keeping program turned into a major headache. It's so much easier to just pull out the checkbook (wherever I may be) and see what's going on rather than have to wait until I get home, turn on the computer, and hope everything's up-to-date.

Other than keeping track of categories of spending (for which I admit computer programs are much better than I am), are there any pressing reasons why I shouldn't continue balancing my checkbook the way I do? I mean, as long as the checkbook balances, that's all that matters, right?

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Very good question! +1 – mbhunter Feb 2 at 4:14

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I am right there with you. I don't really write a lot of checks anymore (I have given into the electronic bill pay because my frugal bits like saving on stamps), but I balance everything myself. My husband never balances anything and just believes the bank, which gives me an ulcer just for being near him. This is one reason we've never combined finances. I felt the same way you did about the hassle.

Now, I will take this opportunity to sing the praises of Mint.com again, because it allows me to do my paper balance tracking and it still offers me the fancy pants electronic tracking, so I feel like I'm not missing out on anything. There are charts and graphs and, for me, the dreaded net worth calculator.

I stand in solidarity with you. You don't have to feel pressured to be all high tech.

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Thanks :) I'll check out Mint.com. We're going to be entering a new financial phase here in a bit, and might be a good time to stretch my boundaries a touch. – nessili24 Feb 2 at 15:45
I love Mint. They have made tracking my spending soooo much easier. Plus, they send me alerts when I'm naughty. (You can set those up or not.) – Frugallawyer Feb 3 at 0:59

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