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Showing posts from February, 2011

3 Lessons Learned from My Banking Error

This past week was filled with excitement, albeit the uncomfortable variety when I had to pay my bills quickly via my bank's electronic payment system and made a mistake which will be annoying at least, and costly at worst. First, the week was a busy one in which I did not feel like I had the time I needed in order to do it properly. Lesson Learned: carve out time in your normal routine to pay bills and check on finances. Not doing so will cause mistakes. The mistake was a rather easy one to make: I paid one bill on my electronic banking instead of another bill. They were named something similar so the mistake was fairly easy to make. The result was a large credit on one account and an outstanding balance on another. Second, I discovered the mistake but was so blindsided by it that I didn't handle it properly, immediately and instead intended to simply run up this month's expenses against the card with the credit. And thereby paying everything off within the next 30 days or