Confessions of a Laid-off Lawyer

Just Your Average Joe Blogging Away His Debt—In One Year or Less

Posts Tagged ‘Bank of America

Sweet Irony

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Total Black: -$199.84
Total Red: $269,947.64

Total black has been sliding further and further into the red.  I noted in Oops . . . I Did It Again that two bills were pending: a check to the landlord and a check to a doctor—both remaining debts from living in New York.  Both checks cleared, but because of the kinks in getting my finances online in a new city, they cleared with a negative balance.  I was able to get enough into one of my two checking accounts with Bank of America to cover the gap caused by the rent check.  But not enough for the check to the doctor.  Bank of America, of course, charged me an insufficient funds fee for both.  Then, in the other checking account, as I noted in And Again . . . , I got hit with a third insufficient funds fee when a student loan I had on automatic bill pay posted, drawing me into the red.  That’s three bills that cleared, but brought me under.  Today Bank of America just charged me an extended overdrawn balance charge on one account.  I imagine another is in its way for the second checking account.  I can’t imagine any better example of adding salt to the wound than to hit your customers with two fees for the same transaction.  Obviously, if you didn’t have the funds to begin with, you may not have them five days late.  But that’s how the big banks do business, I guess.  Keep reading . . .

Just Call Me Jean

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Total Black: -$124.84
Total Red: $269,947.64

I noted in Pocket Full of Change that I was a bit short on cash this week due to ironing out the kinks in getting set up on a budget.  What I didn’t note there—or in similar posts—is that in the past I’ve sometimes had to subsist on borrowed bread during these times of lean.  But I’m no Jean Valjean, stealing a loaf of bread.  Or am I?  Keep reading . . .

What a Mint!

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Total Black: $2,352.41
Total Red: $269,991.43

Last Sunday, while bored at home waiting to leave to meet some guy for one of those quasi-dates—those “let’s grab a drink” things.  Never materialized.  It was raining too much.  The place we were going to meet at was closed on Sundays.  He’s local so I suspect he may have gotten cold feet.  But I digress.  Anyway, while waiting at home to leave, I started browsing the App Store on iTunes on my iPhone.  Time-killer, right?  Well, I came across one app, Seize the Day, that looked interesting.  Downloaded it.  It’s an app to keeps track of tasks and alerts you to outstanding To-Do list items.  Do we need it?  No.  We can just take a pad of paper and create our own To-Do list.  The iPhone has a Notes section too.  But I thought, why not!  Anything to help organization in this cluttered, electronic world.  But it was the app for the personal finance website Mint.com that really intrigued me.  Keep reading . . .

Oops . . . I Did It Again

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Total Black: $2,358.16
Total Red: $269,991.43

Well, it looks like I haven’t ironed out the kinks in my financial systems here.  I’ve sent $1,200.00 to the canceled Visa card.  Balance is down to $2,900.00 from $4,000.00 back in Twelfth Day of Accounting.  I’ve also transferred funds from my Bank of St. Croix account to my Bank of America account.  Already made the IRS payment for this month.  But somewhere in the mix, something went awry.  Keep reading . . .

Written by Laid-off Lawyer

July 26, 2010 at 21:21

Water Water Everywhere

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Total Black: $4,638.28
Total Red: $270,550.77

That’s not my car.  But that’s pretty much what driving around St. Croix has been like for the past two days.  And it’s not going to let up any time soon.  The court let everyone go home thirty minutes early today.  We may not have work tomorrow if the roads are closed.  It’s kinda crazy.  And this is just heavy rain.  Keep reading . . .

Written by Laid-off Lawyer

July 20, 2010 at 23:00

Burning a Hole

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Total Black: $3,371.21
Total Red: $270,855.95

Since I was a kid, my mother has always said that money burned a hole in my pocket.  Guess I haven’t changed much.  Well . . . no . . . somewhat I have actually.  I got paid today.  Almost $3,400.00 after taxes and other deductions, about $5,100 before—a check representing five weeks of pay.  But I’m starting to feel that heat rising on my backside.  In the interim, I opened a local checking account with the Bank of St. Croix.  It can’t hurt to have a bank account here.  Keep reading . . .

Written by Laid-off Lawyer

July 15, 2010 at 23:01

Twelfth Day of Accounting

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Total Black: $109.30

Here’s the Breakdown:

Primary Checking: $12.21
Secondary Checking: $80.64
Savings: $5.50
PayPal Account (Personal): $0.00
PayPal Account (Blog): $0.00
Amazon Payments Account: $0.005
Mutual Funds Account: $0.00

FICO Score 513

Total Red: $270,527.19

Here’s the breakdown:

Credit Card Debt:

Master Card: $4,699.50
Visa: $7,651.50
Visa: $4,000.00
American Express: $2,382.10
Raymour & Flanagan Credit Line: $6,340.68
Saks Fifth Avenue Credit Card: -$0.10

Student Loan Debt:

Federal Stafford Loans: $94,504.20
Private Student Loans: $31,610.26

Back Taxes:

IRS (2007): $0.00
IRS (2008): $27,041.05
IRS (2009): $0.00

NY State (2008): $0.00
NY State (2009): $0.00

Other Loans:

My mother: $72,000.00
My sister: $1,800.00
Auto loan: $18,498.00

Well, there it is.  The good, the bad, and the ugly.  All laid out.  And that’s about as “bad” and as “ugly” as it’s gonna get.  But certainly not as good.  Keep reading . . .