Check your statements

Again it sounds obvious, but how many of us now have on-line banking and don’t really check bank or credit statements in detail?

There are 2 good reasons for checking your statements – firstly to make sure that there are no mistakes or rogue transactions…..but the second one is where you could really save the money.

With technology the way it is now it is rare for rogue transactions or mistakes to occur -sure they still happen, but it’s not very common.

What is becoming more common and the second reason for checking statements is old Direct Debits and Subscriptions that have not been cancelled.

Check your statement now for:

• Gym membership that you no longer use
• Old magazine subscriptions
• Software license subscriptions
• Monthly charity donations that you forgot about

The list goes on. Fact is, a lot of us will overlook these things as we are used to seeing them on our statements and we do not question it. Check your statement now and make sure you stop and cancel an direct debits that should not be there.