Ready for a good old fashioned LIFE PRO TIP? Me neither. Thus begins another lame crappy post about mundane happenstances.
For the kiddies who don't know, overdraft is a general term for when you try to withdraw or pay out more money than your bank account has. The bank will pay out the money anyway and give you a negative balance.
For corporations, this is a useful tactic that is done deliberately for investments and to jump-start ventures.
For individuals, this is a terrible and costly mistake.
You can probably guess which category I fall into.
I ordered something online a couple weeks ago, but le merchant was out of stock and so it was placed on backorder. I didn't realize that my account hadn't been charged (I assumed it was like a pre-order type thing) and proceeded to make additional purchases until my account was very nearly empty. As an ostensibly financially literate adult, I only keep as much as I need right at the moment in checking accounts and the rest in higher ROI securities, so this account stayed empty for the duration. Then just yesterday, the order went through and my body was not ready for the rustling that ensued:
SUNLIGHT YELLOW OVERDRAAAAAAAFT (fees)
My bank actually offers a free overdraft protection service, but I didn't sign up for it because I thought I was so smart. Welp.
I took a trip down memory lane to visit my old blog on WordPress, which only has like 5 posts so don't bother trying to find it. The content is kind of cringy but the format was actually cool, I really shouldn't have abandoned it. And so I'll be readopting this format for future posts. Look forward to it!
Until then, I'll continue wallowing in a pit of despair and self-loathing brought about by poor decision-making, and you can continue going about your own (likely more pleasant) mode of existence.
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