Published on March 9, 2010 by Technology Slice
Business Confidence High – Business confidence and conditions strengthened in February a four month high, but growth remains below the highs seen in late 2009, a survey shows. But businesses were caught unprepared for the surge in February, as inventories declined and hiring slowed. The National Australia Bank (NAB) business confidence index gained four points [...]
Tags: Australia Business, Bounce, Business Confidence, Chief Economist, Confidence Index, Employment Index, Extent, Five Points, Four Points, Index Business, Inventories, nab, National Australia Bank, Oster, Profitability, Rose, Stocking, Surprise, Transport Business, Uptick
Posted in Money
Published on January 11, 2010 by Technology Slice
I get paid once a month since my husband died in 2006. I am currently living on social security (widows death benefits) and recieve two checks. One for me and the other for my son. At the age of 16 my check stops. My problem is after I pay all my regular bills and things I just barely make it to the next payday. Recently I ran into a situation where I made a mistake in my finances and didn’t notice it till a few days later and I ended up having more money deducted from my checking account than what was supoosed to.
I had a bill I set up with automatic withdrawals on the account from online and I accidently added a zero to the amount to be taken out and instead of $100.00 dollars it was $1000.00 dollars. When I called the company to have them give me back the $900.00 I over sent them I found out that they were no longer handling that account and it was sold off to another credit collection company. I called the original company which the bill generates from and they told me there was nothing they could do for me. I had other bills scheduled to be with drawn from my checking account and had no other place or person to get money from to cover the money taken from my account. I contacted the bank to alert them of what took place and they said there was not much they could do to help me.
I was told every now and then it happens and they were sorry. I was concerned for the bounced checks. They said they cover you up to $500.00 dollars before they return them but still charge you a $15.00 NSF fee. I was frantic and called my attorney and she said since it was my error it looks like I made the larger payment and there was not much I could do about it.
I was able to go to a check cashing store for a loan to cover some of the problems but I was still charged those bounce fees and put myself behind the 8 ball and now I find myself having to use the check cashing store regularily and I don’t like it. I went through my budget and tightened it up any place I could to free up more money to help stop the check cashing store loans to tie me over till next payday but it still didn’t help.
My bank or any other bank won’t give me a debt consolidation loan due to my credit caused by my deceased husbands debts he left me with that I had no idea he was racking up. I don’t have any friends or family who are able to help me as they are living on a tight budget as well.
I am not able to find a job part time since there isn’t much available here in my small town due to the economy. I can’t work more than a certain amount of hours due to receiving social security. And I make more than I would working a regular paying job right now so quiting social security to work full time is not an option for me. Plus I need some one to watch my son when he s out of school or there is no school due to school closings etc. He has ADHD and needs supervision. Finding a place or someone to watch him has been difficult. He can’t be left alone.
My friend told me she was in a similar situation some time back and she skipped paying a bill or two to eleviate the strain on her bank account and free up some cash. I said that is not a way to handle financial stress as it only puts you further in debt and then you have to come up with more money to pay the past due bills you owe. And if you don’t you end up with shut off utilities, etc.
My problem is how do I get out from my issue and not have to use the check cashing store month to month and avoid the fees they charge and be able to live on my income being paid only once a month. I don’t have credit cards to use because my late husband racked up several of them that I was forced to pay thru the courts because he applied for them online and added me as the joint owner but never told me he had them. So I am unable to have cards of my own and technically I don’t want any cause they only cause further financial stress.
I run out of cash before payday and this is difficult to deal with. Any advise would be greatly appreciated.
Tags: 8 Ball, Automatic Withdrawals, Bounce, Bounced Checks, Car Repair, Check Cashing Store, Checking Account, Death Benefits, Few Days, Finances, Mistake, Money, Nsf, Open Question, Pay Bills, Social Security, Widows
Posted in Money
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