homer56 wrote:BlackDiamond, I am just starting my budget, and in months past due to a once a month payday about 4 days before my check is deposited have written checks for over amount to pay for basic stuff till my paycheck hits bank...
spinningwoman wrote:No, I think homer is saying that in the past he has relied on the extra few days it would take for the shop to present the check and clear it in order to pull a bit of the next pay check's money before it actually arrives. He's not saying that is a good thing; hopefully now with ynab the money will stretch to the end of the pay period. I would guess most of us have done some dodgy things per ynab<g>.
litterbug wrote:It's a scary thing to do, but I remember doing it. Bad memories! Homer, no doubt this will be something you'll soon find yourself looking back and shaking your head at, much as I do about my own survival habits.
blackdiamond wrote:litterbug wrote:It's a scary thing to do, but I remember doing it. Bad memories! Homer, no doubt this will be something you'll soon find yourself looking back and shaking your head at, much as I do about my own survival habits.
I suspect that the risk of this is less than that of a payday loan that should come with a shovel and coffin.
Don't I know it! I knew it was immoral but never even considered whether it was legal. I was 20, and not very smart about the world.virago317 wrote:Actually, it's a crime (in most places) to knowingly write a bad check. Just saying.
Several years ago I was cutting it close (writing a check late in the evening based on the paycheck that would electronically enter my account at midnight) and became very annoyed when they used a machine that scanned it to ensure I had the funds to cover it, as if it were my right to float checks!And checks clear much faster now with electronic processing, so this is really quite risky.