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Oops!

January 28th, 2009 at 06:03 pm

I logged on to our bank accounts today to see that our account was negative! Yikes. Okay, it was only $2.50. After a little reseach, I realized that our automatic roth contributions were more than I had recorded in the checkbook. I apparently had not changed our automatic investment amount from last year...when I was playing catch up for part of the year.

So, easily fixed by moving some cushion money to our checking account. I also dropped our roth contributions for February to account for the larger amount this month. Starting in March, I will move our automatic investments to the correct amount.

Can you tell that I really push the amount in our checking account close to $0 each month? We save our cushion money in another checking account. It helps us not to overspend...but when we do a transfer is in order. It helps us keep on track. At least Friday is payday!!

Posted in Saving | 5 Comments »

5 Responses to “Oops!”

  1. North Georgia Gal Says:
    January 28th, 2009 at 07:24 pm 1233170678
    1233170678

    My checking account gets pretty close to 0 in between pay days too. Do you have overdraft protection? I have my checking linked to my savings and second checking account. That way it only costs me $10 if they transfer money, but it is not like a line of credit. Just have to pay myself back...but it prevents careless errors from costing me major money!

  2. Ima saver Says:
    January 28th, 2009 at 07:34 pm 1233171257
    1233171257

    I use to keep my checking account really low also. But now, they are paying 3.1% interest, so I keep a pretty good cushion in there now.

  3. Koppur Says:
    January 28th, 2009 at 07:50 pm 1233172224
    1233172224

    I get nervous if my checking drops below $50. Of course, it is often around $12, so I am nervous a lot. LOL

  4. whitestripe Says:
    January 28th, 2009 at 07:54 pm 1233172460
    1233172460

    i hope you don't get a fee! i get a $35 fee when my account over draws. i have only done it once though, and i called them and they reversed it.

  5. creditcardfree Says:
    January 28th, 2009 at 08:01 pm 1233172910
    1233172910

    Don't worry...no fees. I do have my account connected to other accounts where the money would pull. This item that caused it to go negative was still pending.

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