On 1/9/2016 2:13 PM, Ed Pawlowski wrote:
> On 1/9/2016 1:16 PM, Nancy Young wrote:

>> That's a good tool. I don't see them any more, but there used to
>> be a number of shows where they'd try to fix people's finances.
>> It's stunning to me how much people pay every month in bounced
>> check fees and they don't seem to think it's a problem. The
>> statistics bear it out, those fees make banks a ton of money.

> Yes, it is amazing. In 50+ years on my own I may have bounced 2 checks
> from a math error or was late with a bill payment. Math error or
> whatever can happen, but for some, it is every month.

It's happened to me. When you have two people using the checkbook
and they both have ATM cards and can forget to write things down,
it's bound to occur. I'm sure not perfect.

But the fee was so painful, it hardly ever happened. People who
bounce checks are mostly people who really cannot afford those fees.

> I've also heard comments like "I don't know why they keep calling, they
> always get paid eventually" That person's credit score was also in the
> low 400's and she paid dearly for financing of a used car.

I've heard people say they only have $30,000 in credit card debt.
Ack. I haven't led the perfect financial life and have made many
mistakes, but I knew when to stop digging that hole.

They need to teach personal finance in the schools.

nancy