Sleepless On A Work Night

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If I didn’t know any better, I would say that the overdraft fees from my bank have caused my peace of mind to be in a bit of an uproar. Now, what’s life without a few hassles here and there?

Of course, if I had paid more mind when I paid the bills before, I wouldn’t be in this mess. You see, what I do is simple: The morning of my direct deposit, I immediately go pay my phone, cable, gas, electric and some other bills online, while my coffee is brewing. The problem here is also simple: Some places will not take the funds until the following week. Hence, this is a bad thing that gets me almost every time. It had been several months since my last overdraft fee, but this time I think I took out a bit too much to pay for food. I mean, feeding people is kind of a good thing, right?

So, what does one do about it? Well, there’s nothing you CAN do, really. The banks won’t pay all of those overdraft fees back. They’ll give you half of it back, and come up with some lame excuse as to why they can’t refund the full charge. I called once and their response was, non-verbatim: “We have an overdraft fee because we provide online services for our members.” I can’t think of a more lame excuse.

If they have the capacity to render your bank almost $200 in the negative, they have the capacity to remove one hundred percent of their charges. Their outright willingness to avoid  doing so is only minimally outrageous.

I wonder how many of their corporate people would be willing to try to live within their current means on $1,240 a month. I bet some of them wouldn’t care much for that overdraft. I bet they would flinch hard if it was going to interrupt their already-funded trip for an anniversary.

I have to rant because of how stupid I believe the overdraft fees are. They can charge multiple times per day, and the rest of the month is totally readjusted and re-budgeted until you can catch yourself up, even after paying the same amount in bills that you need to. I don’t see how banks expect this to be a good thing at all, except where lining the pockets of corporate is concerned. The way I see it– working full time just isn’t enough. I pay $300 a month in rent (that’s half, as my fiancee pays the other half), and another $600+ in child support on my own. I work for my local city. I’m among the lowest paid, as well as one of a few who are worked the hardest, and those in charge of the child support agency still see everything I make before taxes as the go-to number to base my income for such numbers.

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Lots of things are broken in this world. Regulatory schemes are insane, and much against the will of the lowest paid and hardest workers. Some of you might be thinking that I’m just here to gripe. Maybe, but the point here is that I don’t believe overdraft is anything close to beneficial for those who use banks. It’s actually causing me a lot of stress, and that’s not what living is about. I’m doing multiple online things in an attempt to make money passively, but it turns out that writing a book takes a lot of time, much more so if you’re exhausted from working a full time job. It takes a lot of time to build up minuscule payments on Amazon Mechanical Turk. It’s taking a lot of my weekends to build and maintain a website, be an Amazon affiliate, as well as be an affiliate for Karatbars— I feel as if I’m plowing myself into the ground. All it takes is a second job, but who has time for that when they’re tired all the time?

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I suppose it’s my fault, but the general work environment doesn’t allow people to get out of the rat race. I recognize it for what it is– work hard, pay for electricity, rent a box to live in, pay for gas, pay your insurance, pay for car maintenance, pay for your car, pay taxes on your food, pay for clothing, pay for cable, pay for this, that, the other, everything else– all before you save that little bit of pocket change that is supposed to go towards retirement. I’m prepared to wait until some of those contracts expire, and those who wish to use certain features in the household will be responsible for paying for those luxuries. I don’t watch TV, but I use the internet heavily. I’ll take that bill. I use the gas for my stove top percolator, so I’ll pay that as well. I’ll pay for half of the electricity, I pay half the rent already, as I mentioned, so that’s not a problem.

Boy, does it suck being a military veteran to come home to this free country.

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