You'll probably agree that paying for goods and services by a check is convenient and easy because you don't have to carry lots of cash when you want to make a purchase. In fact, checks are so popular that more than 50 billion are written in the United States each year. But, have you ever considered how checks do their job and what happens when you write a check?

The average person writes about 240 checks each year. Unfortunately, the average person also unintentionally bounces one or two of those checks per year. Almost always, such overdrafts are the result of losing track of how much money is in your checking account.

When you think of financial goals, you may resolve to pay off a credit card, budget for new carpeting and furniture, or save money for a special occasion. These goals are short-term in nature. Accomplishing long-range goals, however, requires a well conceived plan. Saving for a child's education, a new home, a new car or retirement requires a prudent savings routine.

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