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Aug spending

August 2nd, 2012 at 03:23 pm

August 1st:

$3.00 coffee
$582.17 mastercard bill (paid in full)
$7.04 Home Depot (board for fence)
$15.95 (interest charge on equity line)

The last charge really makes me mad....we bought dd2 a car and wrote a check out of our equity line. The reason we did this is we had to wait for reimbursement from her ugtma account. We purchased the car on 7/2 and paid it in full on 7/12. I couldn't for the life of me figure out how and why there was a balance on that account when I looked online. When I called US Bank, they said they charge daily interest. Well that was news to us! If I would have known that, we would have paid for the car with our savings account and then just put the reimbursement check into savings. We haven't used that account in several years so it's possible we had forgotten about the daily interest. Lesson learned for the future!

1 Responses to “Aug spending”

  1. FrugalTexan75 Says:
    1343955894

    That definitely is maddening!

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