What is the main goal of reconciling your check register with your bank statement?

Reconciling your check register with your bank statement primarily serves to ensure accuracy in your financial records. By comparing the transactions recorded in your check register with those on your bank statement, you can identify any discrepancies between what you believe you have spent and what the bank reflects. This process helps catch mistakes, prevent errors in account balances, and mitigate potential issues like overdrafts or fraud.

Having accurate records is crucial for managing personal finances effectively, as it allows you to keep track of spending, monitor cash flow, and make informed decisions. If your check register aligns with your bank statement, it signifies that your financial tracking is on point and can signal that you are managing your finances responsibly.