It isn't hard. For debit card transactions through my bank I always save
them and reconcile at the end of the month. I've found unauthorized
transactions using that method, one due to ID theft of my wife's info.As for credit cards, buy a spindle and put the receipt on it when you get
home. I find I'm searching the receipt a couple of times a year (like a
car part warranty and such). So, I have a stack of receipts on the spindle at
the end of the year that's maybe 5" tall. So what?When I take
off the oldest ones I burn them or shred them.
I find very helpful to check your bank accounts on the banking webpages. I have
been using Quicken which automatically update and download your accounts since
1994. I have several incidents that I can catch errors before it went through
the process. They even call me to verify my stay at Santa Cruz Hotel in which I
told her I am still in Salt Lake. They put a stop and canceled that
When I am at the checkout of a store, I avoid other distractions and pay
attention to what the cashier is scanning. Sometimes a clerk has made an error.
I can quickly challenge it before any money changes hands. I am continually
surprised at customers who pay no attention as to what they are being charged.
Many errors can be caught before a receipt is placed in your hand. I
always hold the receipt of purchase in my hand and quickly glance through it to
double check every item I have purchased. This pays off if I find an error and
turn to the clerk immediately.We have also learned to never send our
credit/debit card with the server as they ask for payment on a meal at a
restaurant. Evidence is being found of people scamming the card to gather the
card number, etc. before returning the card to the owner It is wise to carry
enough cash to cover the bill or say that you want to pay at the register and
then watch the person completing the transaction.I also keep all
receipts in case of returns which make it hassle free!Good article!
Excellent advice! I cannot say how many times I have been saved being out and
about by asking for a receipt. I always check the itemizations on
the receipt before I pay to ensure there are no discrepancies. If there are, I
dispute them and have even asked for a manager before hand. Receipts are a life saver! I am agreed this an useful and informative
I never show my receipt at a store (other than membership places like Costco
where it's a term of membership). When they ask to see my receipt, I just
politely say, 'No, thank you!' and continue out the store. Even if one
of those theft deterring sirens goes off as I'm walking out, I have no
legal duty to stop and show my receipt, so I just continue on my merry way. Once
you've paid for it, it's yours, and you have zero legal duty to show a
I have noticed this trend, too, and it's alarming. I tip generously in
restaurants because I know servers work hard, but I don't tip on carry-out
food if there is no server. I draw a line thru the "tip" amount and
calculate the total before signing the receipt, but now and then the restaurant
goes back and adds in a small tip after I have signed the receipt. I finally
gave up and pay cash for all carry-out purchases now.
Agree that keeping one's receipts is v important, but all those little
pieces of paper are a nightmare. How about an expense tracking App? ExpenseMagic
is an App that captures, stores and processes expenses and receipts with the
snap of the iPhone's camera. It's effortless, no more lost receipts,
no more data inputting and an indisputable record to tackle unscrupulous
retailers or simply for returning an item.