A bank draft reminder record also helps you to keep track of HOW MUCH money should be taken out each month for various expenses. This allows you to IMMEDIATELY detect a draft amount that is extremely high and get that taken care of immediately. A few years ago we had a cell phone bill that was extremely high for a few months in a row. Little did we know that we were being charged for overage text messages when we thought that our plan was unlimited. To make a long story short, we wasted several hundred dollars simply by losing track of our account. We could have upgraded our plan to unlimited at any time for $10 a month!!