Question

Larry has a checking account from Town Bank. When he writes a check, he often forgets to record the amount in his checkbook. Last month, he wrote two bad checks because his balance was too low. The bank charged him over $100. What should he do?

Answer 1

Larry should start keeping accurate records of his transactions in his checkbook, including the amount of each check he writes and deposits he makes. He should also regularly check his account balance to ensure that he has enough funds to cover his expenses. It may also be helpful for him to set up alerts or notifications from his bank to inform him of low balances or bounced checks. Finally, he should consider seeking financial education or counseling to learn how to better manage his finances and avoid costly mistakes in the future.