You might be writing your checks wrong — and there could be major consequences

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Why Paper Checks Refuse to Die

Let's face it — no one likes writing checks.

Aside from the fact that you're signing away tangible amounts of money, the check writing process is tedious and particular, with seemingly millions of steps to remember and execute correctly.

SEE ALSO: You've been sitting at your desk all wrong, says science

Since most of us learned how to first write checks long, long ago, it's more than likely that we've made a crucial mistake in the check-writing process at some point in time.

Thankfully, we're all in it together, in that some glitches in filling out those little slips of paper are more common than we realize.

Chances are, you've made one or more of these slip-ups in your life.

Here are eight common ways you might have been accidentally writing your checks wrong:

  1. Forgetting to date the check
  2. Incorrectly dating the check
  3. Writing the check in pencil
  4. Forgetting to sign the check
  5. Signing with a signature that doesn't match the one the bank has on file
  6. Incorrect subject line
  7. Misspelled name
  8. Edited with crossouts, white out, etc

Banks, for good reason, are strict about accepting and cashing checks that have any of the above mistakes.

So next time you pull out your pen to write one in a hurry, we suggest you triple check.

RELATED: Tips to teach your kids to save money

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tips to teach your kids to save money
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tips to teach your kids to save money

Play money-centered board games or games on apps, like Monopoly or Money Race.
It's an interactive and fun way for your kids to learn about basic financial practices without feeling like they're being lectured.

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Give them an allotted amount of cash to spend on lunch each week.
Your child will learn how to budget accordingly throughout the week, figuring out how to balance spending money on food some days vs bringing their own on other days (something that can be directly translated into the adult workplace).

Photo credit: Getty

Have them write down or tell you their absolute dream toy.
Then, show them that it's possible to have that toy if they save x enough money for x amount of weeks.

Photo credit: Getty

Give them an allowance.
 

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Stick to a set time and date each month for giving your child their allowance.
Practicing giving your children their allowance every other week or on certain dates of each month will help them prepare for set paydays in the working world--it will teach them to budget out and how to know when to save up in anticipation.

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Match your child's savings each month.
This will imitate a 401K and show your child ways in which saving can (literally) pay off.

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Have your kid organize their funds in to different jars to represent different accounts.
Examples could be "Saving", "Spending", "Charity", "Emergency", "College".

Photo credit: Getty

Take your kids grocery shopping and explain certain choices you make with your purchases to them.
Your children will benefit from knowing what's best to purchase name brand vs. generic, why some snacks are better to buy in bulk, etc.

Photo credit: Getty
 

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