Final answer:
The word that means to balance your checking account is 'reconcile.' It is an essential part of managing your finances to avoid overdraft fees and keep accurate track of your money.
Step-by-step explanation:
The word meaning to balance your checking account is reconcile. When you reconcile a checking account, you ensure that the balance in your checkbook matches the corresponding bank statements, taking into account all the transactions that have occurred, including deposits, withdrawals, checks, and fees. This task, vital for effective financial management, allows you to manage your money, monitor cash flow, and avoid overdrafts and potential fees associated with insufficient funds. Regular reconciliation helps track the money flow and maintain a healthy financial state.