How Often Do You Check Your Finances Online?

by Broke Grad on January 21, 2009

As a general rule of thumb, the sooner you catch that something is wrong, the better your chances of fixing it. This holds true in many aspects of our lives — money, health, relationships, cars, computers, and much, much more. I think we all know this, but why do we have such a hard time putting it into practice?

We’ve all put off making a doctor’s appointment. The same goes for car maintenance. And who hasn’t walked away from a conflict with a significant other instead of trying to work it out?

When it comes to money, what type of person are you? Are you someone who diligently goes to your regularly scheduled checkups? Or are you someone who only goes to the dentist after you realize that you have a cavity?

With free money management tools like Mint, it’s easier than ever to see a snapshot of your finances on a daily basis, and I’ve definitely taken advantage of this. While I don’t check my finances every single day, I do check them at least 2 to 3 times a week on average, and it has worked for me. The last financial cavity I had was over five years ago. (I wish I could say the same for my teeth.)

How often do you check your finances online?

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{ 10 comments… read them below or add one }

1 The Personal Finance Playbook January 21, 2009 at 6:46 am

I really like Mint. I’ve been using it for about 6 months. It’s a chore to constantly re-characterize finances, but the program is getting smarter as we go. I probably check Mint about once a week, but I spend about half and hour on the site when I do, going through purchases.

2 philip January 21, 2009 at 7:04 am

I basically keep up with all my purchases and all transactions online several times a week. With time the frequency will probably fall however due to time contraints.

3 Ron@TheWisdomJournal January 21, 2009 at 8:19 am

I check the checking account 3 or 4 times per week. My investment portfolio about every two weeks or longer.

4 Personal Finance Ology January 21, 2009 at 9:35 am

I’ll say once a month for all accounts. I guess it depends on what you mean. I check some accounts everyday if I am expecting payments (run small biz). Others that I don’t use so often, I probably check less than every month.

5 Green Panda January 21, 2009 at 10:56 am

I generally check checking and savings a couple times a week. Since my IRA is with Sharebuilder it automatically shows up when I login to ING Direct.

6 Craig January 21, 2009 at 12:09 pm

I am like you and generally check 2-3 times per week, as a good way to remind myself of whats going on, and if I had purchases I forgot about.

7 Single Guy Money January 21, 2009 at 12:19 pm

Geez, I guess I am pretty anal about this because I check my checking, savings account daily. I check my other accounts once or twice a week to make sure nothing funny is going on.

8 Doctor S January 21, 2009 at 3:23 pm

This is part of my daily routine when I get into the office ever morning. I check my checkings, savings, ING, and all credit card accounts. Make sure i do not find anything shady, then I get a good look at my big picture by logging onto my MINT.COM account. Online money management has saved me big time!

9 the weakonomist January 21, 2009 at 7:10 pm

I check mint.com at least once a week to get a snapshot of all my finances. I check my credit card after every purchase. To avoid massive fraud, I get an email if any transaction over a certain amount us made. All my other accounts are checked whenever I’m expecting either a deposit or withdrawel.

10 J. Money January 23, 2009 at 2:30 pm

I check all my accounts every single morning ;) Checkings, Savings, Credit Cards, Roths, 401k, mutual funds, you name it….i like the excitement of seeing what’s going on! haha..

that, and it’s super easy as it’s all under one roof (for the most part) – USAA baby! Great post my man.

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