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Author: Gingko100 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 311074  
Subject: Re: Should I be looking for another CU to bank w Date: 12/3/2011 9:01 PM
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You also have lots of money. The other 99% of us live month by month and day by day, financially speaking.
That's no matter to the issue. Even when I was earning less than $20K a year and just scraping by I never had an overdraft.

Of course, I'm a PM, and I get paid to manage budgets and project details for a living. But even so, it's not that hard. It's a two step process: Step one - check balance (I used to balance my checkbook to do this). Step two, if enough money with draw funds, if not, then don't.

Overdrafts come from not paying attention, not simply lack of money. I actually did have an overdraft once in my life, and it was when I was earning a very good salary. By that time I had gotten lazy about balancing my checkbook, and I thought I had deposited a check that I had not yet (it was still in my wallet), so I bounced my rent check of all things. Man, was I embarrassed. I wrote an apology to my LL and got him a check from my other account that same day. But the bounced check didn't come from scraping by - it came because I was lazy about balancing my checkbook and tracking my funds.
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