Thanks to a few unexpected expenses (ones that couldn’t be put on the card), we were down to the bare bones at the end of the month.
We ran out of the weekly money on the 8th, and if I’d transferred in another week’s worth, we’d have been down to almost $0 in the account. And we have some regular expenses deducted from that account.
I knew I could just transfer in $100, but I was stressed out about various things (including our having six appointments in the span of five days). Plus I was distracted by adjusting to having a puppy. So I just didn’t.
It was only going to be a day or two until my check came. I planned on just waiting until there were more funds in the account, then going back over the charges to our credit card and transferring appropriately. Which would have been great… if my check hadn’t been late this month.
It arrived on the 12th. I deposit the check, wait for it to clear the next day, write out my paycheck and expense check and wait for that to clear. I then transfer everything remaining into secondary checking. The process takes three days.
This didn’t even occur to me because I was distracted. The 14th came and went without my even realizing the significance. But it’ll be significant as of the next billing statement. By my estimate, we’ll pay a bit over $48 in interest for not paying our statement in full. (At least the weekly payments kept us from a late fee.)
Not to mention that there were now about five days’ spending that hasn’t been dealt with.
I should have taken advantage of the option to change the billing date. And I should’ve done it ages ago. There have been months where I was stressed about all the funds getting in on time. But they always did, so I didn’t worry about it after the payment had been made.
But… shoulda woulda coulda.
The due date has now been changed to the 18th, which gives us more leeway. It just doesn’t help this month.
But you know what? I’m letting it all go. Because the $48 charge isn’t something I can change. And we can cover the extra spending when we pay the next credit card statement, just like we would any non-normal-weekly spending.
Besides, $48 is a lot less than we’re getting in rewards. It’s even less than the card’s normal annual fee, which is waived for the first year. So we’re still ahead in the long run.
Don’t get me wrong: I’m chagrined. I’m frustrated.
But dwelling in that frustration, beating myself up about the mistake, does no good. It doesn’t negate the charge that’s coming. And I’ve already taken a step — if belatedly — to avoid this in the future. That’s all I can do.
Anything more is throwing good energy after bad. So I’m practicing what I preach and looking forward rather than back, making purposeful choices to make my life easier rather than beating myself up about how hard I’ve made it in the past.
Anyone else make a financial mistake/oversight lately? How did you deal with it?