Comments on: Is it bad that we wrote a check for $10? http://www.budgetsaresexy.com/2010/07/is-it-bad-that-we-wrote-a-check-for-10/ Where Financial Nerds are Cool Sat, 11 Feb 2012 22:14:43 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Festival of frugality #240 Magazine Edition | Financial freedom through information http://www.budgetsaresexy.com/2010/07/is-it-bad-that-we-wrote-a-check-for-10/#comment-5384 Festival of frugality #240 Magazine Edition | Financial freedom through information Tue, 27 Jul 2010 11:55:10 +0000 http://www.budgetsaresexy.com/?p=2585#comment-5384 [...] Money presents Is it bad that we wrote a check for $10?288 posted at Budgets Are [...] [...] Money presents Is it bad that we wrote a check for $10?288 posted at Budgets Are [...]

]]> By: OdysseusToday http://www.budgetsaresexy.com/2010/07/is-it-bad-that-we-wrote-a-check-for-10/#comment-5063 OdysseusToday Thu, 22 Jul 2010 02:51:05 +0000 http://www.budgetsaresexy.com/?p=2585#comment-5063 I believe the smallest check I have written was for about $1.50. When you got to have that hit of juicy fruit there is no other options! I believe the smallest check I have written was for about $1.50. When you got to have that hit of juicy fruit there is no other options!

]]> By: J. Money http://www.budgetsaresexy.com/2010/07/is-it-bad-that-we-wrote-a-check-for-10/#comment-5051 J. Money Wed, 21 Jul 2010 20:59:42 +0000 http://www.budgetsaresexy.com/?p=2585#comment-5051 Good deduction! Good deduction!

]]> By: Greg McFarlane http://www.budgetsaresexy.com/2010/07/is-it-bad-that-we-wrote-a-check-for-10/#comment-5030 Greg McFarlane Wed, 21 Jul 2010 06:42:18 +0000 http://www.budgetsaresexy.com/?p=2585#comment-5030 A 42¢ stamp to mail a $10 check? Sounds like a self-imposed 4.2% service fee to me. A 42¢ stamp to mail a $10 check? Sounds like a self-imposed 4.2% service fee to me.

]]> By: mbhunter http://www.budgetsaresexy.com/2010/07/is-it-bad-that-we-wrote-a-check-for-10/#comment-5024 mbhunter Wed, 21 Jul 2010 03:46:38 +0000 http://www.budgetsaresexy.com/?p=2585#comment-5024 I'd have to get a few $10 checks for one of those :) I’d have to get a few $10 checks for one of those :)

]]> By: Khaleef @ KNS Financial http://www.budgetsaresexy.com/2010/07/is-it-bad-that-we-wrote-a-check-for-10/#comment-5000 Khaleef @ KNS Financial Tue, 20 Jul 2010 20:29:49 +0000 http://www.budgetsaresexy.com/?p=2585#comment-5000 @ J. Money - Yeah, the money comes out whenever you schedule it. For instance, if I need to pay you $10, I can have a check mailed to you by 7/26 and that's the date the money will be deducted from my account. Even if you don't cash it until September! This is how I can get around someone who isn't motivated to cash my checks. I actually pay my rent and give offerings in church by doing this. I have the checks delivered on payday, so I won't see all of that "extra" money in my account after I'm paid. @ J. Money – Yeah, the money comes out whenever you schedule it. For instance, if I need to pay you $10, I can have a check mailed to you by 7/26 and that’s the date the money will be deducted from my account. Even if you don’t cash it until September!

This is how I can get around someone who isn’t motivated to cash my checks. I actually pay my rent and give offerings in church by doing this. I have the checks delivered on payday, so I won’t see all of that “extra” money in my account after I’m paid.

]]> By: J. Money http://www.budgetsaresexy.com/2010/07/is-it-bad-that-we-wrote-a-check-for-10/#comment-4997 J. Money Tue, 20 Jul 2010 19:59:51 +0000 http://www.budgetsaresexy.com/?p=2585#comment-4997 Well truth be told I don't balance or deduct/clear anything ;) I just log into my Checking account every day and make sure the balance is always $100 and up (which it should be if I'm budgeting/tracking correctly). That extra $100 is for times when I mess up or people take forever to cash their checks from me! haha... Well truth be told I don’t balance or deduct/clear anything ;) I just log into my Checking account every day and make sure the balance is always $100 and up (which it should be if I’m budgeting/tracking correctly). That extra $100 is for times when I mess up or people take forever to cash their checks from me! haha…

]]> By: MomsManyProjects http://www.budgetsaresexy.com/2010/07/is-it-bad-that-we-wrote-a-check-for-10/#comment-4993 MomsManyProjects Tue, 20 Jul 2010 18:57:20 +0000 http://www.budgetsaresexy.com/?p=2585#comment-4993 I have checks, but I rarely (if ever) use them anymore. I don't carry them around with me either...that's what a debit card is for! As for receiving checks, I don't mind at all! I love receiving unexpected checks in the mail! The last one I received was for $0.23, which seems like an awful waste to me. They spent more on the stamp than the check! I'll deposit it, but it'll be a while...I'm not spending more on gas for the trip to the bank than what the check is worth. I'll wait until I receive another expected check before depositing it! Also, I was wondering why you should be concerned with going over on your account if the person you sent the check to waits a long time to cash it? If you deduct what you've spent right away, then it's in the account...you can clear it later when it's been cashed. I never wait until bills/payments have been cashed before taking them out of my account register...that's just asking for an overdraft! I have checks, but I rarely (if ever) use them anymore. I don’t carry them around with me either…that’s what a debit card is for!

As for receiving checks, I don’t mind at all! I love receiving unexpected checks in the mail! The last one I received was for $0.23, which seems like an awful waste to me. They spent more on the stamp than the check! I’ll deposit it, but it’ll be a while…I’m not spending more on gas for the trip to the bank than what the check is worth. I’ll wait until I receive another expected check before depositing it!

Also, I was wondering why you should be concerned with going over on your account if the person you sent the check to waits a long time to cash it? If you deduct what you’ve spent right away, then it’s in the account…you can clear it later when it’s been cashed. I never wait until bills/payments have been cashed before taking them out of my account register…that’s just asking for an overdraft!

]]> By: J. Money http://www.budgetsaresexy.com/2010/07/is-it-bad-that-we-wrote-a-check-for-10/#comment-4986 J. Money Tue, 20 Jul 2010 17:34:12 +0000 http://www.budgetsaresexy.com/?p=2585#comment-4986 @<b>Ace</b> - Shoooooot...I'd have taken a check for $0.75 as a kid! @<b>myfinancialobjectives</b> - Rare breed = AWESOME breed too ;) @<b>Yana</b> - Haha yeah, I like your creativity indeed :) I'll agree that some bill collectors can be extremely sketch!!! I plan on never having to find out personally too :) @<b>Donna Freedman</b> and <b>mbhunter</b> - I'll tell you what. If any of you can find <a href="http://www.banknoteden.com/images/1s%20and%205s/United%20States%20of%20America%201%20Dollar%20-%201917%20Front.jpg" rel="nofollow">one of these</a> for me I'll give you $10 for it :) @<b>Adrian @ PIN</b> - It's true, money is money. @<b>eemusings</b> - They'll be extinct one day :) @<b>nyx</b> - Believe me, it's not my preference. @<b>Khaleef @ KNS Financial</b> - Hmmm...does that actually "take out" the money from your account though as if it's already gone? Or do you still have to wait for it to clear to not see it anymore? Cuz if it's the latter, it's the same thing :) @Ace – Shoooooot…I’d have taken a check for $0.75 as a kid!
@myfinancialobjectives – Rare breed = AWESOME breed too ;)
@Yana – Haha yeah, I like your creativity indeed :) I’ll agree that some bill collectors can be extremely sketch!!! I plan on never having to find out personally too :)
@Donna Freedman and mbhunter – I’ll tell you what. If any of you can find one of these for me I’ll give you $10 for it :)
@Adrian @ PIN – It’s true, money is money.
@eemusings – They’ll be extinct one day :)
@nyx – Believe me, it’s not my preference.
@Khaleef @ KNS Financial – Hmmm…does that actually “take out” the money from your account though as if it’s already gone? Or do you still have to wait for it to clear to not see it anymore? Cuz if it’s the latter, it’s the same thing :)

]]> By: Khaleef @ KNS Financial http://www.budgetsaresexy.com/2010/07/is-it-bad-that-we-wrote-a-check-for-10/#comment-4975 Khaleef @ KNS Financial Tue, 20 Jul 2010 15:21:50 +0000 http://www.budgetsaresexy.com/?p=2585#comment-4975 I actually go a step further. I will set up the person as a vendor with my bank's online billpay service, and have the bank mail them a check for whatever small amount it is. This way the money is automatically deducted from my bank account on whatever day I schedule the check to arrive - so they can let it sit around if they want, but at least I won't have to keep remembering that little check is still out there! I actually go a step further. I will set up the person as a vendor with my bank’s online billpay service, and have the bank mail them a check for whatever small amount it is. This way the money is automatically deducted from my bank account on whatever day I schedule the check to arrive – so they can let it sit around if they want, but at least I won’t have to keep remembering that little check is still out there!

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