Every Tuesday, we’ll report exactly how much our families have in their checking accounts -- and what they’re planning to do with it.
(After all transactions clear the account, this is the total tally.) "I'm grateful I get paid tomorrow as that will cover the month-end bills and carry me through until I get paid again. And I'm grateful that I was able to get Halloween costumes as well as shoes for the kids this month -- a little fun and a necessity covered. At the same time, I worry about covering gas for the car and how I'll get some clothes for winter for my kids. And with my hours decreasing at work, I worry about how November and December will look -- what about the holidays?
Somehow I know I'll make it. I just can't see it yet. I'm filling out applications and taking the steps I know I need to that will create a different future. So it's another deep breath, another foot in front of the other, and another day of opportunity ahead of me."
(After all transactions clear the account, this is the total tally.) "This is not sufficient. Tuesday is the day that I would normally see an unemployment deposit, but it has been two weeks since my unemployment benefits have ended, and I am beginning to see what it will look like to really be on a budget. I have been worrying about this for weeks.
I am not used to having such a small amount of money in my account. I always had enough to take care of at least the first half of the next month’s bills at the end of my month. I really need to have my rent in the checking account before the 1st of the month so that I can pay it on time.... but it looks like I will be waiting until the 1st when I get my husband’s direct deposit to write the check and walk it over to the offices. Luckily we have a five day grace period. I think that this is truly the first time in my life that I am really broke. Busted.
I'm not using my credit cards, so I am feeling the crunch more than ever. My husband has been using his credit card to pick up whatever we/he needs like gas and food. If he used our cash we would truly have nothing! I worry that I don't have it in my budget to go buy my daughter socks and onesies … and on a bigger level, I cry because I can't see us living in a house again. How can I save for a house if I don't make enough money to cover our bills?"
"Zak's account has $241.63 and mine is -$656.98. There are many challenges here. I need to reopen my bank account so that I can resume my direct deposit, but I can't afford to pay back all this money. Right now, I go to a check cashing place and get charged $15 to cash a $650 check. I'll eventually need to repay the bank, or they'll start deducting the balance from my paychecks. In regards to Zak, he owes about 3 months rent. The $241 doesn't include the $166 that will be taken out for our son's school fees later this week."