I am in the process of switching to a different checking account and I am paranoid I will overdraft or miss a bill!!!
I don’t remember it being this bad last time I switched banks, but then I didn’t have EFTs. I am not actually switching banks. In fact, I am not even switching master accounts. I decided to create a second checking account to handle all things related to my home, including the rent check my mom will deliver to me. I figured it would keep things separate and I won’t accidentally spend the house money on my new life. I have to subsidize her every month so I have $200 transferred every paycheck into the account. Over time that should build up a little to pay for minor repairs that might come up.
Originally I was going to transfer all the house related items to a new checking account and continue to use the one I had for my main checking. Unfortunately, switching my mortgage EFT was much more complicated than I thought it would be and I didn’t want to mess around with it. Not in this environment of mistaken foreclosures. So now I am leaving all the house stuff and transferring everything else, including my paycheck direct deposit.
When everything is finalized and I start receiving rent from my mom, this will work great. Until then, I have to constantly monitor the accounts and transfer money. Pain!
I can’t wait for June!