Use that memo field!

When you’re in the flow of approving transactions, it can be easy to not take the time to make a note in the memo field about that transaction. But in my opinion, it’s worth the time.

Many transactions don’t merit a memo. The monthly electric bill, for example, might be completely obvious. But for most transactions, a simple memo can help you down the line. Here’s a few ways how:

• In the future, when you’re wondering how long ago you bought something (or what you paid for it) you can just search the memo field for it. If you’d written a note in the memo field, it’ll come right up.
• You can differentiate which person in the family bought a specific thing.
• If a purchase is for subscription for a specific time period, you can enter it in the memo field.
• If someone reimburses you for something, you can note what it was for in the memo field. (Really helpful if you don’t remember whether or not they reimbursed you.
• You can designate the purpose of a non-routine deposit.
• All those transactions imported as Venmo can actually become informative with a little memo.

Basically, your future self will thank you if you make abundant use of the memo field. It takes only a few seconds and trust me, you’ll be grateful for it later!