What is the first step in managing a checking account properly?

The first step in managing a checking account properly is to record all transactions in a check register. This practice is essential because it allows account holders to keep track of their spending and understand their available balance. By consistently documenting deposits, withdrawals, and any other transactions, individuals can avoid overdrafts, ensure they have sufficient funds for upcoming expenses, and maintain an accurate view of their financial situation.

Maintaining an accurate check register fosters good financial habits, as it encourages individuals to be aware of their spending patterns and the impact on their overall bank balance. This method not only supports better budgeting but also helps in detecting any discrepancies or errors in bank statements, thus promoting greater financial responsibility.

Other options do not contribute to effective account management. For example, checking the balance only monthly may lead to overspending, while writing checks with incomplete information can result in confusion or bounced checks. Finally, using debit cards without checking funds can easily lead to overdrafts and associated fees, making sound financial management difficult.