Quote:
Originally Posted by ShaniFaye
/kind of straying from the topic
how does rounding UP put you in a negative balance?
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People tend to be optimistic when they round up. I had several people working for me that got into a negative balance because they "believed" that they had put far more money away. When things got tight right before payday, they would write a check based on what they "thought" was in their account. All that rounding up adds up, but it takes time. Say they wrote a check for $20, and their account only had $19.50. Add in the bounced check fee and rounding does not save time or money. Knowing what you have to the penny is the key.