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Dan LaMotte's avatar

> Question from a European, WTF is actually "balancing a checkbook"? I've heard the phrase coined hundreds of time, but I got rid of checks in the early 1990s and hadn't seen one until I moved to the US, and even here I write at most one a quarter or so because, in essence, the US banking system is stuck in the eighties, which was a great decade to remember for its music and hairdos, but not for its consumer banking.

I hate "balancing the checkbook". I had to write a pile of checks for a while to contractors. I realized that if I open a 'second checking account' and only write checks out of that, I just move money into that account when I write a check and when the balance on that account is zero, all the outstanding checks have been paid. Works pretty good, but doesn't solve the "why is there still $X sitting in this account a month later". But seems to always get to zero because folks eventually cash it and then I remember.

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Kip Hamiltons's avatar

> Well, I have seen this tried a dozen times before and I have never seen it work, but maybe this time we'll get it right

The height of disagree and commit! 😂

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