Credit card statements

**BuckyBadger** · 02-01-2012, 07:46 AM

I don't do that. I scan for any double charges or charges at places that don't look familiar.

I admit that if someone charged a meal at a place we usually go for an amount that we usually spend, I'd not notice it. If soneone used by CC to spend $25 at Applebees, it would slip totally under my radar!

Anything that my husband or I don't recognize I will investigate. Some places come up as some really weird names on credit card statements...

But I don't find that it's worth it to me to go any further than that.

**disneysteve** · 02-01-2012, 07:51 AM

I don't do that. I do review the statement line by line to make sure I recognize all of the charges and I also highlight the ones that are tax-related so I can easily find them at tax time but I don't save or cross reference receipts. When I find a charge that doesn't look familiar, I call the card company and get more details. That happens once or twice a year.

A lot of my credit card charges aren't point of sale purchases anyway so I don't have receipts for every transaction. I'd have to keep some type of log for that stuff and my wife would need to do the same. Too much trouble IMO.

**bjl584** · 02-01-2012, 07:56 AM

I just look at the statement to make sure that there is nothing on there that is unusual or that I don't recognize.

I don't use my CC a whole lot, so there will normally only be 3 to 5 charges on it per month.

**JoshuaHeckathorn** · 02-01-2012, 08:25 AM

I review each line item as I enter the data into my personal Quickbooks, but I don't compare the amounts to receipts. My brother-in-law, on the other hand, does compare each and every receipt. He says it became an addiction over time and he can't stop :-).

It just sounds like a big pain in the arse to me. If something looks fishy, I always notice and investigate. Most of the time it's absolutely nothing and I simply forgot about the charge or didn't recognize the name of the vendor.

**BuckyBadger** · 02-01-2012, 08:31 AM

The one time there was fraud on our account it was brought to our attention by the CC company itself, long before we got a statement.

**photo** · 02-01-2012, 10:55 AM

What I find, 2 or 3 times a year, are charges that are only a few pennies off from my receipt, almost always from something I've purchased online. What I've read that happens is some companies add just a bit extra to the charge so that those who don't reconcile their statements will never notice and those pennies add up to thousands, if not millions, for the merchant.

**BuckyBadger** · 02-01-2012, 11:07 AM

Originally posted by photo View Post

What I find, 2 or 3 times a year, are charges that are only a few pennies off from my receipt, almost always from something I've purchased online. What I've read that happens is some companies add just a bit extra to the charge so that those who don't reconcile their statements will never notice and those pennies add up to thousands, if not millions, for the merchant.

Meh.

As long as it's only pennies to me, I don't particularly care if it's millions to the merchant. I can't tell the difference.

**greenskeeper** · 02-01-2012, 01:12 PM

I have one credit card and log-on to check my current transactions weekly. This way I can track how much we are spending through the month and catch any odd looking transactions. It's a lot easier to try to remember what we spent the past week than over an entire month.

**GREENBACK** · 02-01-2012, 01:19 PM

I keep a hand written log of my cc purchases(from receipts) and compare it with my online statements so essentially I do this.

**snafu** · 02-04-2012, 04:35 AM

I did that long ago for my 1st CC but after a year I realized there were no errors. From then on I only retain receipts for items with warranty or those with significant potential for problems. I do review the statements and check any weird listing.

**NetSkyBlue** · 02-04-2012, 09:43 AM

CC - no, I use it so rarely that I know when I've spent something. Bank account - Yes on grocery store purchases, places like Target, Walmart, etc, when I'm buying a lot of things. Not so much on single-item purchases or expenses.

**frankhoward** · 02-07-2012, 03:55 AM

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**feh** · 02-07-2012, 08:43 AM

I never correlated receipts w/ charges on the statement. I would just scan the statement and make sure there weren't any unexpected charges.

Since I've started using mint.com, I see charges within a day or two of when they occur, so I don't even need to look at the CC statement any more.

**Shewillbemine** · 02-07-2012, 10:39 PM

I have 6 credit cards with 5 of them carrying $0 balances and high credit limits. My one card I actively use has the best rewards program of the 6 and I mainly use this for company-related expenses, hence I check my online statements weekly to turn in to the company.

I would think that if you routinely check your statement and are aware of your spending habits, you would not need receipts to cross-reference. But then again, if you and someone else share accounts, that makes more sense.

Credit card statements