Track Your Statements in Real Time

Keeping an eye on your expenses and spending is key to managing your personal finances. Whether you’re tracking in a spreadsheet, an app or your bank statement, regular review can help you spot any errors before it’s too late and prevent overspending or fraudulent activity.

While balancing your checkbook remains one of the most important money management practices, with online and mobile banking, it’s easier than ever to keep tabs on your bank statements. In fact, some experts recommend checking your statement a few times a week to catch errors and stay on top of fees and expenditures.

It’s also easy to miss out on fees that may be incurred during the billing period, especially if you only look at your monthly statement once it arrives in the mail. This could include ATM fees, late payment charges and a penalty Annual Percentage Rate (APR). To ensure you are fully aware of all your potential fees, make it a habit to regularly check in on your statements so you can be prepared to avoid unexpected costs.

To learn more about how to track your credit card expenses and other ways to manage your spending, talk with a United Cumberland Bank representative. We can show you how our online banking features give you instant access to your account and let you categorize payments for easy expense tracking, plus we offer a bill pay service that helps you save time by eliminating the need for checks and stamps.