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Post by Mr. Meyer on Sept 29, 2015 14:45:42 GMT
Explain why it is important to maintain financial records.
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Post by clarahanger on Oct 9, 2015 16:23:00 GMT
Maintaining financial records is important because it helps you visualize your spendings and savings. It also helps you keep track of how much money you have in your account, especially money that won't appear on your online statement - written checks that haven't been deposited yet or transactions that are still pending. Keeping a record of your finances is also a way to double check to make sure the bank hasn't made any errors.
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john
students
GVW Volunteer firefighter. If it flys it dies, if it hops it drops!
Posts: 20 
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Post by john on Oct 15, 2015 1:27:16 GMT
It helps you make sure your not spending more then you make. which would cause you to go into debt. Also it helps so you keep track of different bills you have paid so you don't have to worry about them being late.
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Post by laurenhanger on Oct 16, 2015 14:50:19 GMT
It is important to maintain financial records so that you can keep track of your money. You won't have to worry about over drafting or bank errors because you know exactly how much you have and what you spend your money on.
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Post by booklover468 on Oct 22, 2015 23:08:31 GMT
Maintaining financial records makes things easier when you're trying to keep track of your money. Seeing where everything goes is sobering, especially the little things. If you keep track of your financial records, you may find that it all adds up to a frightening amount.
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Post by alexandrafabulous on Oct 24, 2015 18:57:40 GMT
Also so that if someone is buying things using your account, you can know about it and be able to stop it before they spend all of your money.
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