cher alonso often makes deposits and withdrawals at the ATM that she passes on her way to work. she frequently forgets to record these banking activities in her check register and never seems to know how much money she has in the bankin addition she had overdrawn her account twice and has had to pay a fee each time. can you suggest a plan for chew to follow that would allow her to use the automatic teller services and still maintain an accurate record

Respuesta :

Answer:

To help Cher Alonso maintain an accurate record of her banking activities while using the ATM, she can follow the following plan:

Explanation:

1. **Set Up Alerts**: Cher can sign up for account alerts through her bank's mobile app or online banking. These alerts can notify her of deposits, withdrawals, and low balances, helping her stay informed in real-time.

2. **Use ATM Receipts**: After each transaction at the ATM, Cher should collect and keep her receipts. These receipts provide a record of her transactions, including the amount deposited or withdrawn, which she can later compare to her bank statement.

3. **Regularly Update Check Register**: Cher should make it a habit to update her check register immediately after each ATM transaction. By recording the deposit or withdrawal amount accurately, she can keep track of her available balance.

4. **Check Account Balance**: Cher should regularly check her account balance either through the ATM, online banking, or mobile app. This practice will help her monitor her spending and avoid overdrawing her account.

5. **Set a Budget**: Creating a budget can assist Cher in managing her finances effectively. By outlining her income, expenses, and savings goals, she can make informed decisions when using the ATM.

6. **Seek Financial Education**: Cher may benefit from attending financial literacy workshops or seeking advice from a financial advisor. Gaining a better understanding of personal finance can empower her to make sound financial choices.

By following these steps, Cher can use ATM services conveniently while maintaining an accurate record of her banking activities, avoiding overdraft fees, and staying on top of her finances.