feeling discouraged!
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feeling discouraged!
| Tue, 04-19-2005 - 11:07am |
I am feeling rather discouraged! I went to the bank this am, to get some cash and when I got my recipt I am $ 900 in the hole!! I am not very happy about this. I pulled up my bank statement on-line and I know what happened, I thought a check had cleared that has not and I made a large payment to one of my credit cards $ 1000, and now I am almost that much in overdraft! I am not happy. I thought we were doing so well, so we went to Chuck E. Cheese with the kids on the weekend. UGGGH! I always feel like it is one step forward, two steps back. Now my dilemma is to transfer the money out of our Ememrgenct fund, to cover the overdraft, 7.5% interest, or to wait until I get paid on Thurday to cover it. Either way it sucks!!!!

Been there, done that....
I would wait to Thursday. I am assuming that the 7.75% is an over draft line of credit??? If that is the case, the interests shouldn't start to accrue immediatly. If you use your emergency fund some how things happen, bills happen and that money ends up not getting replaced.
JMO
Oh my. Not only have I been there, I was just there last Friday. I am not to be trusted with technology but I got too close to the due date on one of my big credit card bills so I decided to do a payment online. It said it would take two to six days to post so I went ahead and paid on a Thursday knowing my paycheck would automatically be deposited by Friday morning. Well, you guessed it, it was taken out of my account instantly and my daughter's preschool tuition check hit at the same time and it bounced. I was so embarrassed. I had to go in and talk to the director. Aaargh.
I, too, took some money out of a line of credit we had and actually created an emergency fund. I will pay the line of credit back as I can but I am hoping no more bounced checks since the emergency fund is in a savings account at the same credit union as my checking. Sheesh, I hate all this juggling!
Jenny
HeHe...
I'm sure you have seen thoes email surveys passed along from your friends...favorite color, etc. There is one that goes arond that has a question...Can you jugle...My standars answer is Knives, no...money Yes. ;)