Skip to main content

My first overdraft

I was so thrilled with myself for making it to the end of the month and the pay-period without running out of money in my main account, *and* transferring a healthy piece over to my growing emergency fund. Oh, it was working *so* well. Tra la la, I was content with my handling of money this month.

Then, my $59.75 life insurance premiums were sucked out of my account on Wednesday. I forgot to anticipate that.

It put me $6.17 in overdraft. The idea of overdraft seems *wrong* to me. I mean, if I don't have the money, I don't have the money. It seems un-possible to have a negative balance in a bank account. Credit card, line of credit, sure, I get that. But the bank is the bank. You have money or you don't -- you don't have minus-money.

But I did, and they charged me a $5 overdraft fee. So with the initial overage plus the "stupid tax", I was $11.17 over. Of course, payday is today (Friday), so I'm really only out the $5.

Before I rolled around in the new injection of cash into my life, I paid out my biweekly share of the household budget/savings ($745). Balance gets smaller.

I figured this'd be a good time to make sure my credit card balances are paid up, so over I go to the Amex. $91 to Amazon for a selection of wedding books I bought for us and a Sony Vegas Pro video editing tutorial book I bought for me. $88 to Rogers for overzealously using my Blackberry during our New York City trip (roaming charges SMB!). And $107.37 for a $99 US purchase a few nights ago of a set of expansion packs for my PodXT guitar machine doohickey.

All told, Amex wanted $286.75. I paid it.

Well, now my bank balance is ... y'know ... a lot less. No room this paycheque for dumping money into savings. And I dunno if I'll make it to the next payday without dipping into the non-emergency-fund savings. But hey, I'm fully paid off on all my bills, so ... yeah ... 'ts no reason to cry.

So, that's the story of my very first overdraft! At least, the first one I can remember.

Happy 30th birthday to Amanda! Now you're in the same decade as me!

Comments

  1. ooooh yeah that always blows. esp RIGHT when you think you're on track! i consider myself pretty damn anal about watching my budget and paying bills and all, but every now and then i slip.

    i congratulate you for owning up and taking care of it so quickly though! and for paying all your bills now, i've always enjoyed doing that, as dorky as it sounds. (don't tell anyone ;) )

    ReplyDelete
  2. I hear ya ... I've developed a bit of a self-congratulatory routine ... First payday of the month, I go through all my credit cards and make sure they're paid off ... fret at the remainder.

    Then on the second payday of the month, I (should) have more money to work with, so I shuffle some off to savings .. and by then, I hope, the company share plan should have bought shares with my+employer contributions, so that's also an 'up' ... that's the time I update my net worth stuff over at networthIQ ... makes me feel like a big man! ... well, except for times like now, when my investments are circling the bowl.

    ReplyDelete
  3. Um. I used to live in overdraft.
    It's not a fun thing. But, it saved my ass a few times and I'm glad I have it. I would prefer that I didn't need it but there have been times where it's been required. I don't pay for the overdraft protection as its part of my account privileges but I do pay interest on any amount I have in overdraft.

    ReplyDelete

Post a Comment

Popular posts from this blog

A request, as we reach two years

Wow, long time no write.

I didn't enjoy this past winter. I was certainly in a long slump. Things were very challenging at work. Gordon was awesome, as always, but I was just in a sustained funk from last summer on. And I'm not sure I'm all the way out of it yet. I'm still largely in quiet hermit mode, but have been making progress at resuming social contact. Little dude and I have a very busy summer that will go by in a flash.

This Thursday will mark two years since Amanda died. I still replay the events of that night in my head almost every day. I'd like to not. Sometimes it feels like forever ago, but sometimes I'm right there all over again.

Hey, can I ask for your help with something?

Two years ago, so many wonderful people told me that if there was anything they could do to help .... Well, I don't ask often. And I should've asked more. And I should ask more even now. I'm still not comfortable asking. But I'm asking for this.

I put out a vi…

Amanda's cancer has returned, just months after treatment

It's been two and a half months since the last update on this blog, and I was hoping to write one soon with lots of good news.

I was going to write about our recent trip to Jamaica, where we got to go snorkeling, bake in the sun and meet nice people from around Canada and the USA.
I was going to write about how Gordon is now 11 months old and exceeding all our hopes. He's a little dynamo who's not that little -- out of 100 babies his age, no normal one would be bigger. He's spectacular and we love him to bits.


I was going to write about putting the finishing touches on the Twin City Wrestling TV show that I've been working on for the past several months. It's just about ready to be sent in to the broadcaster, and it looks great.
I was going to write about the Canadian Cancer Society using our story in a very moving fundraising letter for their winter campaign in Nova Scotia.
I was going to write about Amanda's trip to Toronto to learn about how Prince Marga…

Meh. Extended Meh.

I haven't posted here in quite a while. There are a few things I haven't done in quite a while. For a while, I've been kind of meh.

In late August, Gordon and I went for the long-awaited trip to Nova Scotia. It was an epic journey, three years in the making. We visited places he'd only heard about. We spent time with friends he hadn't seen in more than a year. We took Amanda's ashes back to the ocean as she requested.


We were there for a week and were on the move almost every day. We put 1000 km on the rental car in between flying there and flying back.

It was excellent, but it was also exhausting. And I found myself different in the weeks after.

Before, I was going out. I was being social. I was busy and optimistic.

After, I seemed to drop contact with almost everyone. I thought I was just tired, then I thought I'd shifted into some different gear of creativity or contemplation. But the months have worn on and I'm still not quite back to where I was. I…