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Daily Debt Journal - Day 205 - Opened My New Account | Debtbeater

Daily Debt Journal - Day 205 - Opened My New Account

April 11th, 2008

So I went down to the local Wells Fargo branch today and opened my checking account to get that $50 bonus.  Everything is legitimate, and I should see that extra money in 4-5 weeks. 

One strange thing that they have you do to avoid the fees is to deposit $25 or $75 from your checking account every month into your savings account.  The savings earns interest and serves as an overdraft protection on your checking account.  That’s fine, though I’d rather not have to worry about my checking account run out of money to auto-transfer.  However, this is just my emergency fund…so I don’t plan on using it much.  I’ll just have to log on every so often and move the money from savings back over to checking.  Could be worse.  Even if I forget, it’ll take two years to run out.

So that’s that…I’ll go withdraw the money from my other account and deposit it all to the new one after I see that my last transfer gets there.

On a side note, Mrs. DB was paid a rather large check this pay-period.  I think it’s her largest one yet and just over $360!  As much as I hated having absolutely no weekends with her for two months, it is a nice amount to be able to apply to some of the extra spending we did on our short trip last week.

Finally time to stuff the envelopes and pay my stack of bills that have been waiting for the money.  :)


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