back from the bottom of the barrell

iVillage Member
Registered: 04-21-2004
back from the bottom of the barrell
3
Thu, 09-16-2004 - 2:47pm
Ok, I am very embarrassed to admit this. But I think I need to in order to make sure I never put myslef in this situation again. About 6 months ago, we were very far behind on our bills and I was desperate to make a payment with the credit card companies, and I set up payments to come out of my daughter's account. (she is 2, and it was a custodial savings.) It had my name on it as well. When I did it, we were desperate and had no savings whatsoever and the creditors were getting worse and worse. I still can't believe I did it, but I was scared and fully had the intention of paying it back. (it was $400, gifts from relatives when she was born) Well, I didn't. In fact, I calculated wrong and the account overdrew. The bank soon closed it with a negative balance of $290.)

I am happy to say that I went into the bank yesterday and paid them in full. I now am going to reopen the account and start paying it back and then some. that's progress right?

iVillage Member
Registered: 04-02-2003
Thu, 09-16-2004 - 3:40pm
It is sad, but we do what we have to do. I owe my daughter $30 right now for birthday money that I was supposed to deposit into her savings, but had to use it to get by last pay period. This pay period is not any better, but as soon as my raise kicks in next month, I will pay her back for sure.

Don't beat yourself up over it.

Kathie

iVillage Member
Registered: 05-30-2003
Thu, 09-16-2004 - 9:38pm
It's all good-don't be too hard on yourself. I know I've 'been there done that' at times too.

Sometimes we have to do things that we'd rather not in order to stay afloat. I think you did what was best for your family right then. We can only do what we can when we can, When you are able to pay it back, do. maybe that there is your first snowflaking project? (behind an emergency fund..)

Hang in there-

Lisa

Avatar for cl_beckymk
iVillage Member
Registered: 03-19-2003
Thu, 09-16-2004 - 10:49pm

Yes that's progress!!


A lot of my DD's money is in savings bonds so I can't touch it even if I wanted to.