September 26, 2008
If I were big money and already had up to my FDIC limit in Chase banks, I would be a little concerned because I’d have to find another home for my ex-Wamu money. But the grace period for separate deposit coverage for each bank lasts six months, so that’s not too shabby.
The good news is that the deliberate takeover means that JP Morgan has assumed the responsibilities for Wamu’s deposits so we won’t be taxing the limited resources of the FDIC reserve fund. I think it’s sad that everyone keeps referring to the fact that no one has lost their insured deposits since the FDIC was formed, and ignoring the fact that the fund isn’t a bottomless pool.
In the meantime, as a new Chase bank account holder, I can expect the following:
http://www.chase.com/welcomewamu/
What’s different?
* Your deposits at WaMu are now backed by the financial strength of Chase in addition to continuing to be insured by the FDIC.
* If you bank at both WaMu and Chase, your deposits continue to be insured separately today just as they were yesterday, and generally will be for another six months. At that time, your deposits will be insured by the FDIC for up to $100,000 per depositor (with an additional $250,000 for self-directed retirement accounts), and will continue to be backed by the strength and security of JPMorgan Chase.
* Learn more about the size and strength of our company.
What stays the same?
Continue to bank just as you usually do:
* same account numbers,
* same Washington Mutual name on your account,
* same checks, debit cards, credit cards, deposit slips,
* same online banking website and passwords,
* same branches & ATMs,
* same familiar bankers, and
* same great service!
What will change?
Soon
* You’ll be able to use over 9,300 Chase ATMs fee-free – jointly, that’s 14,000 ATMs for your banking convenience!
In the future
* You’ll begin to see the Chase name on your statements, online, and on your credit cards as they reissue.
* Your branch will be re-named Chase and you’ll be re-issued new debit cards with the Chase name. Until then, bank as you do today.
* As our systems merge, you’ll be able to use any of the Chase branches nationwide. This won’t take place this year, and we’ll let you know well in advance of any changes.
I get to keep my checks! And my money.
July 17, 2008
Geez. I had it all worked out: the amounts I had to pull from the expense account, and from the other maintenance (short term savings for car, insurance, and travel) for the enormo credit card bill that was due on Tuesday. And I made the payment when due.
But I forgot one thing. I forgot to transfer the entire collected amount from the expense account to the checking account. Now how do you forget something important like that???
Igh. I still can’t believe that with my obsessive little system, I had all the money, and I still forgot an essential step. Now I have to throw myself on the mercy of Citibank in hopes they won’t charge an overdraft fee since I’ve never made this stupid mistake with them before. Seriously, this is why I’m always paranoid: I make stupid stupid mistakes.
May 19, 2008
I officially declare today, Monday, May 19th a ME DAY. [Fun nerd fact: In 1998, May 19th was our D-Day for an AP test. I can’t believe I still remember that.] The bosses owed me a freebie day off (off the books) since they gypped us before our last business trip, and the way those fellas have been acting, I decided I’d better take it before they “forgot” about it. It’d just be too too convenient.
But, before I go on out and play, I’d better get some of this money madness off my mind or I’ll be distracted all day.
Unbudgeted Spending:
Amazon – Friend’s gift – $32
Grocery store – household supplies on sale – $23
Post Office – few sheets of Forever stamps to last a year – $23
Parents’ gas and grocery spending – way too much. ~ $220?
My personal spending doesn’t seem like much, but it’s outside the budget entirely which throws a major kink in the expense account. And I’m still brainstorming about which tailoring jobs I can afford before the end of July because I need some of my nicer clothes to fit me for another business trip. I’m going to need to get even more creative to pay for these expenses without dipping into the mini e-fund, because I’m already doing that for rent. Grr.
Misc Income:
PayPerPost – I’ve not had ANY new opportunities for at least a week or two now. š Why am I suddenly unqualified? I am getting the payouts from last month’s posts, though, so I can add $33.50 to my fledgling house fund.
Ebates – A check should be coming my way at the end of the quarter.
Chase rewards – I love my cash plus card, with 5% on gas and groceries, I’m already near my next $50 check! That’ll help cover half of the expenses above. At least something reduces the sting of $50/tank of gas!
Regular Income:
It’s just not cutting it. I was able to make do with creative juggling for a while, but I’m going to have to do something drastic to increase my take-home for at least a month or two. There’s a big ole knot in my tummy as I say this, but I’m going to cut out my contributions to the 403(b). I don’t get a match on that anyway, so I won’t be losing free money, and I’ll start up again as soon as I find out what the heck’s going on with my salary come July 1st. It’s time to be an adult about this decision, and not pout about it. (I’m totally pouting.) My biggest fear is that I’ll get comfortable with the “extra” income and not want to start contributing again, much less contributing more at the end of the year to make up the difference. Also, it’s felt like the retirement contributions were the only goals I was meeting this year.
Alright! So I’m off to find a Macy’s because I have a gift card and I’m not afraid to use it if I find my holy grail of bags. And then I’m taking myself to see Ironman. Yeah! (Prepaid ticket.)
May 18, 2008
I don’t wish I were less organized and more rich, no, no, I’d like to retain my level of organization and be richer than that. I know, apples to oranges. But it’d sure make booking last minute fares for a holiday weekend seem less painful/impossible.
I’d rearranged my schedule and wanted to visit BD in June, but it turns out he has to be here for the weekend. That means no us time. Instead, he asked me to see if I could make a Memorial Day weekend trip happen. Compared to the $600+ prices for just a regular, round-trip ticket, the $300 fare plus an unnecessary rental car on Travelocity almost seems like a deal. Uh, I don’t think so, Tim. And with gas prices, driving would cost at least … $120 each way. Eeep! Even with an awesome 400-450 miles per tank average, that’d still be a doozy of a gas bill. Oh, plus over 8 hours of driving each way.
But if I were rich and had $7000 in my travel fund, not just $700, I would probably go ahead and spend up to $350 to go see him for a long weekend.
Phooey. Times like these, I can’t wait to be financially secure and even well-off.
April 9, 2008
To continue the GN/BN series …..
Good News: It’s been two months since I switched to AT&T. After all my griping and moaning about the expensive plans, and most especially, the lack of minutes with those plans, I was pleasantly surprised by my usage of the past two months. I was going from 1000 minutes to 450. I was fully using those 1000 minutes every month, as well as 400 text messages, so the concern that I was either in for a smackdown reality bill, or wouldn’t be able to talk to anyone at all seemed pretty valid.
Instead, I’ve closed each billing period with a little over a hundred minutes to rollover, so I’m pretty happy about that. Granted, I have been imposing pretty strict limits on my chatting, and it helps that I ride to and from work with a friend most days now so I don’t have to spend an hour on the ride home on the phone anymore. Oh, and he’s on AT&T so even if I did talk to him because we took different trains, that just comes out of my mobile to mobile minutes.
Bad News: I’ve reviewed my latest bill, and there is no corporate discount!! Grrr …..
February 26, 2008
I just remembered that I needed to add my new AT&T Wireless account to Yodlee, after I’ve received and paid one paper bill.
All my other accounts on Yodlee are your basic credit card, checking or rewards accounts. Where applicable, they offer a New Bill Notification, a 7-days until due date Notification, and a High Spending Notification. For cell phones, they offer a “within 60 minutes of your minutes allotment” Notification!
How nice! While I already neurotically check my minute usage every couple of days, this extra notification will give me a nudge if ever I’m too busy and don’t remember to check.
February 22, 2008
Ladies, gentlemen, have you ever been into a store where a salesperson took a look at you, sized you up, and starting excitedly pulling various articles of clothing from racks and the back room for your perusal? And then have him or her create completely unexpected outfits from a variety of shapes and colors to make you look more professional, chic, and I’m-not-really-trying than you’ve ever looked in your life?
Neither had I.
Yesterday, I wandered into a Theory shop just to look at the mannequin outfits more closely and meant to walk right back out. Instead, Bosses both followed me in, chatting about business, and started looking at things too. The salesman must have thought “Score! She’s got two sugar daddies!” and jumped right into chatting us up about sizes. It was the total opposite of a Pretty Woman-esque scene, except more humiliating because that place is v-e-r-y expensive and I had no intention of buying.
Instead of making my escape, I experienced the slightly mortifying transformation from my “twenty something in jeans, nice-ish $25 top, nice-ish on sale for $35 blazer, trying to look pulled together for actual professional job” outfit to a “chic, sophisticated, costs more than I make in two weeks but it’s so sharp!” ensemble. That’s right. We moved right out of the realm of outfits thrown together by a less than discerning eye into ensembles.
I know it’s his job, and all he had to choose from were high-end, high priced pieces to create the ensembles so the odds were stacked in his favor, but it was still disconcerting how quickly he managed to fill a sizable dressing room with pieces that individually cost more than the entire contents of my duffel bag for this trip.
I tried on this lovely beige jumper type dress with a series of buttons down the front and cute little kangaroo pouch pocket. He accessorized it with a pair of flats and a few belts, teaching me the four-square knot because “since Casablanca, no one actually buckles their belts anymore.” I’ve already forgotten how to tie the knot. *sheepish*
Then, there was this knock-’em-over-you’re-so-swank get-up. The trench coat alone cost $495. The tank top underneath that button down shirt cost $90. I can only speculate that the other pieces, the shirt, the pants, and the shoes, in between those two layers were also priced in between their prices because I didn’t dare look. Lightheadedness might have been induced by wearing my net worth in clothes š
While I was thoroughly impressed at the salesman’s ability to actually make me look put together, I was equally embarrassed that he was going to all that trouble when I couldn’t afford a single thing I was wearing. Oy! Admittedly, I wouldn’t go broke buying the tank top, or even an entire outfit, but there is no way on this green earth I was going to trash my budget to assuage window shopper’s guilt. I definitely felt bad for wasting his time, but I was still not forking over my rent.
I didn’t take pictures of the other dresses I tried on, but they were gorgeous and $300 each. $300!! Oh, a couple were $265. Little Boss had the audacity to say, “ohhh that’s not bad for a dress! If it were $400, that’d be too much.” As if that man doesn’t sign my paychecks! And Big Boss gave me a lecture on how $365 was a steal for the stunning, single-button, white suit jacket I’d found. A lecture! I wanted to shake them both. There I was, feeling rightfully guilty over a nearly $40 dress, and they were lecturing me on how this or that piece is an investment. Obviously I’d wear that trench coat for 20 years, I’d have to! But I can’t amortize the BILL over 20 years as well. Ok, I’m ranting.
Anyway. I swooned over a few of the pieces I tried, but it’s definitely tempered by the embarrassment of having to walk out because that’s just way too far above my pay grade. I could honestly say that I couldn’t decide what I wanted more because it was overwhelming, but it’s just not reasonable to spend that much in the name of looking professional. Not on this salary and with these troubles at home.
It’s customer service like that that makes it hard to resist the pull of lifestyle inflation and remember how much I love to think to myself “it only cost $not much.00” if someone compliments what I’m wearing. Someday, perhaps, I’ll have collected enough Macy’s gift cards to visit the San Francisco Macy’s and buy an “investment” piece made by Theory, but until then, it’s back to the more pedestrian shops (or no shopping at all!) for simple me.
