How to Use a Checkbook Calculator

A checkbook calculator has more uses than meet the eye. You can use a checkbook calculator to shop for groceries and other items, to keep track of miscellaneous financial activity and, of course, to balance your checkbook.

Difficulty: Moderately Easy

Instructions

1. Take your checkbook calculator to the grocery store. Use the checkbook calculator to stay within your monthly budget and to calculate how much you will actually pay at the register while subtracting coupons, discounts and figuring tax while you shop.

2. Use your checkbook calculator while at department and other retail stores. Checkbook calculators can automatically record and debit your transactions from your running balance on the checkbook calculator so that you don't have to record individual purchases on paper.

3. Make your checkbook calculator a part of your checkbook's balancing session. You can keep track of your checking account's balance, deposits and withdrawals using a checkbook calculator's programmable features and memory. You may also be able to track your savings account activity on the checkbook calculator.

4. Keep track of your credit and debit transactions. Checkbook calculators often record separate credit and debit transactions. Some may even record ATM transactions.

5. Have it handy for other uses. You can also use a checkbook calculator as a calendar, a clock and to calculate tips at restaurants.

Tips & Warnings

• Protect your checkbook calculator with a password. Because most of your financial information will be recorded and stored on the calculator, it would be a good idea to protect this information by using this security feature. Most checkbook calculators will already come equipped with one.