Purposely Overdrawn

United States
June 14, 2009 11:41am CST
Have you ever overdrawn your bank account on purpose? What was it for? Something you NEEDED or something you just wanted? I have to overdraw my bank account today. It's going to cost me $30 to do so, but I have no choice. Our money is already spent, we won't have any more money until Friday. But I just discovered that my son's toes are coming through his shoes! I certainly can't send him to school like that. So I'll have to go to the store this afternoon and buy him something to wear on his feet. I'll probably get him sandals for now, because they're cheaper. I'll buy him sneakers when we have more money.
2 people like this
8 responses
@redkathy (3379)
• United States
14 Jun 09
If it's gonna cost you thirty bucks you might consider buying something of good quality. I've been in similar situations and tried to buy something that would outlast the extra charges I was going to have to pay for being overdrawn. Maybe you can find a good pair of shoes on sale that might be worth the extra thirty.
1 person likes this
• United States
15 Jun 09
Well.. you know what, since we overdrew anyways, I took a bit of extra cash and went to play Bingo, hoping to win. I didn't but I had fun and I certainly deserved the night out. That was well worth the overdraw fee.
@newtondak (3950)
• United States
3 Jan 10
I could not have, in good conscience, spent money on Bingo when my family's finances were such that I had to overdraw my bank account to buy my child shoes. Why not visit a used clothing store, Salvation Army or other charitable works and find a pair of shoes to last until the paycheck comes in?
@lilybug (21182)
• United States
14 Jun 09
In the past I have yes. I don't do that with the checking account I have now because they not only charge you an overdraft fee, but they also charge you $8 per day that you are overdrawn. Did I mention that I need a new bank?
1 person likes this
• United States
14 Jun 09
Ouch! Yeah, I'd get a new bank too. I wouldn't do it if I knew they'd charge $8 a day, but I figure I'll cover the $30 charge with our check next week!
@mzz663 (2776)
• United States
7 Aug 09
Ouch! Been there done that....those fees just seem to snowball and roll over top of you in the end. Be careful! At one point, I was in a lot of trouble for this type of 'borrowing' from yourself and it's not easy to get out of once the hole gets dug deeper. be careful my friend!
1 person likes this
@SomeCowgirl (32273)
• United States
3 Jul 09
I have overdrawn on my bank account before as well and it's not fun. I'm hoping to start to save money for my fiance and I after the wedding so that we'll have enough for a rainy day like you had. I would first want to see if there was any family members first that had hat I needed or want, but hey, I know these things happen. Money is tight right now for everyone. Sorry you had to overdraw thirty dollars but when push comes to shove, your son's health and looks were more important, and I don't blame you.
1 person likes this
• United States
16 Jun 09
Hi Kats: I tried to post this the other day right after you started the discussion but my silly machine and or firefox or whatever ate my post; I don't see it here so I'll start again; Don't feel bad lots of us who have had to do things we didn't want to do to just get by... I've had to do it a lot of times, but since my identity theft I no longer have a bank account so I don't have any over draws now; but I do understand your need of having to do it, so don't feel bad and don't kick yourself either you are doing it so your son can have some shoes to wear; I never did it either for frivolous things I did it cause I needed either food, or gas for my car or pet food something in that nature; so I do understand what it like; hang in there! Ok stupid machinery lets get this posted this time...GGRR!!
1 person likes this
@polachicago (19143)
• United States
16 Jun 09
I wouldn't overdrawn my account for any reason on purpose. I would probably consider getting money from my friends for few days and pay them back with small gift that cost less than $30 bucks....so they know how much I am happy with their help.... Hope you manage the situation and your son has shoes to wear....
1 person likes this
@jillhill (37354)
• United States
14 Jun 09
No I have never done that....it got close to that a few times when I wondered where our next meal was coming from but I didn't because I couldn't afford the overdraft fees...
1 person likes this
@newtondak (3950)
• United States
3 Jan 10
There might have been a time when I was young and stupid that I would have overdrawn my bank account on purpose, but long ago learned that the result was much worse than the crisis I was facing at the time.