The last panic I experienced was after I saw a payment of $3,400 go out to my credit card. Yeah, my last post was about not letting my credit card debt own me. That was before I saw more money go out than I had in my checking account. I don’t know WTF I was thinking. Let me explain.
I had planned on making a big payment because of the third paycheck I would be receiving in October. I had figured I could use that paycheck to pay off my remaining debt or close to. Either way I was going to wait for the last money to come in before I sent my payment.
On my day off I was wasting time trying to wake up when I saw an email saying my payment for my credit card was due. I had never let it lapse so close to the due date so I figured I would send some money to take care of it. I would pay the rest at the end of the month. I’m not sure if it was because it was my day off, I wasn’t awake or I had only slept 5 hours, but I had sent a payment of $3,400.
Panic set in
That night when my bank notifies me of the payments sent out for the day I saw the $3,4000 staring at me on my notification screen of my phone. I had been taking a break from school work and relaxing over xbox live. I instantly starting gasping for air as I did not remember sending a payment that big. I had debated sending a huge payment, but thought against it because it was so early in the month. I remember thinking I could swing $1000. Nothing more, and I definitely would not be buying anything including groceries. I would only spend money on gas and I had just filled the tank which would last me until my next paycheck.
I still don’t remember punching $3,400, but in the end panic attack or no panic attack I accept it. I accept I overpaid with money I didn’t have. I accept any and all charges. I also accept that panic set in.
I guess the moral of the story is whether I want my finances to run or not, I need to get back into budgeting, paying attention to my debt and being the responsible money person I was. If I don’t I am liable to get blindsided again by dumb money moves. I definitely don’t want that again.
Anyone else take a break from budgeting only to get back into a mess?- FBS