I Messed Up Today
To the tune of around $350.00. More on that later. But first, I love my fiancé. We are proof that financial opposites not only attract but can be mutually beneficial.
NOT Two of a Kind
My fiancé and I view money differently. With each and every paycheck I get, I quickly get that money out of my checking account and into my ING Direct account. It’s a form of arbitrage. I use that money to pay the bills at the end of the month, but in the meantime, I collect the interest. The quicker I move money the longer it gets to build interest.
Is it a terrible lot of money? No. I’m not going to be taking a fancy vacation off of it anytime soon. For me, it is the best and most efficient way of handling my money. It kills me when I know my money is in any form of “down time”.
On the other side of the coin, my soon to be better half likes to see her money in a big pile. The bigger the better, regardless of the fact that it could be earning her more in her ING account.
There is nothing wrong with either method. We are just different and thats ok. We have learned to tolerate each others peculiarities.
Fiancé To The Rescue!
Fast forward to today. In my effort to maximize my ING returns I made a mistake. It seems in retrospect that I had two outgoing transactions for a very similar $350 and change. I mistook one for the other and ended up withdrawing more than I should of to my savings.
So there I was looking over my bank account and the foreboding negative value. What am I going to do?
I check my accounts regularly, so I caught the mistake while the offending transaction was in Pending Status. So no over draft fee, yet. Time to panic and profess my undying love to my fiancé who I know keeps ample cash reserves in her checking account. In case you did not know, all deposits made at Bank of America ATMs by 8PM post the same day.
So after a quick after work trip to the ATM, my fears of over draft hell are assuaged.
A Moral To The Story?
Not likely. I’m not about to stop my practices. It is nice to know that I have a safety net though. And although I can’t quite put my finger on it, I am sure that in the near future I will have a chance to return the favor.
Great relationships can thrive on differences. That’s true with people and money.