How often should you balance your checkbook at a minimum?

Balancing your checkbook at least once a month helps ensure you maintain an accurate record of your bank account activity. This practice allows you to track deposits, withdrawals, and any fees that may have been charged, helping to prevent overdraft situations and catching unauthorized transactions early. Monthly balancing aligns with the frequency of bank statements in many cases, making it easier to reconcile your records with the bank's information and identify discrepancies promptly. By regularly reviewing your account, you can also manage your finances more effectively, budget appropriately, and avoid falling into financial pitfalls. Balancing less frequently, such as quarterly or yearly, significantly increases the risk of errors or missed transactions, which could lead to more serious financial issues.