Once a month you'll receive a listing of all the transactions on your account for the previous month. The worst thing you can do is stick your bank statement in a drawer, ignoring it. Instead, stick it in your end-of-month-bills file. At the end of the month, gather the statement, your chequebook register/accounts book and receipts for the previous month. Sit down, sharpen your pencil and haul out your calculator. You are now ready to reconcile your bank statement.
I gawk at my online banking transactions so often that I figure I'll notice anything unusual. Well, that, and that as long as there's about as much money in there as I expect, I figure things are alright.
But this week I've tried futzing around with Quicken again. I still haven't got it 100% figured out -- transferring between accounts without messing everything up has still got me stumped. Last night I decided to tackle "our" accounts, after trying things out first on "my" accounts.
I printed out some analysis of "our" chequing, spending and credit card spending. My partner noticed a $75 charge to a guitar shop. Well, "we" don't play guitar, but "I" do -- and I'd recently paid $75 to have my bass guitar restrung. Or so I thought. Turns out I pulled out the wrong credit card to make the payment, and it slipped right past her when she was paying the bill a month ago.