My parents instilled in me a mild distrust of banks. It's for this reason that I get my statements mailed to me each month, and each month I reconcile what's on the paper with what's in my spreadsheet.
Guess what? Every year I find a mistake in at least one bank statement. And it's always in the bank's favor. Sometimes it's a few cents, but once it was a few hundred dollars across multiple errors.
When I've told people this in the past, I've been dismissed with "Oh, I use Venmo instead of a bank, so it's always right," or "Oh, it's too hard to figure so that out."
I simply don't understand people who blindly accept what an app or web site tells them about something as important as their own money.
I know they don't teach balancing a checking account in high school anymore, but you should be able to add and subtract to get through life.
No, the computer is not always right.
Guess what? Every year I find a mistake in at least one bank statement. And it's always in the bank's favor. Sometimes it's a few cents, but once it was a few hundred dollars across multiple errors.
When I've told people this in the past, I've been dismissed with "Oh, I use Venmo instead of a bank, so it's always right," or "Oh, it's too hard to figure so that out."
I simply don't understand people who blindly accept what an app or web site tells them about something as important as their own money.
I know they don't teach balancing a checking account in high school anymore, but you should be able to add and subtract to get through life.
No, the computer is not always right.