Saving on Overdraft Charges

My husband and I have a debit card that was causing us a lot of problems. He'd use the card for everyday expenses (gas fill-ups, etc.) and forget to record the purchase and vice versa. Unfortunately, there were a few times that these slip-ups cost us $30 overdraft fees!


To prevent this, we started withdrawing a set amount of cash on the weekend and put it in an envelope. This is our "daily cash fund". If either of us needs money for small purchases during the week, we take it from there instead of reaching for the debit card. This way we know exactly how much was taken out of the bank and "saves" us money that used to be wasted in overdraft fees.

By Lisa

Add your voice! Click below to comment. ThriftyFun is powered by your wisdom!

August 11, 20050 found this helpful

I make sure I get the receipt and at the end of the night I write down everything I charged.

Reply Was this helpful? Yes
August 23, 20050 found this helpful

My husband and I had the same problem. I started doing my banking online and now I balance my checkbook weekly instead of monthly. It goes very quickly, and I only have a week's worth of charges that he forgot to tell me about, instead of a month's worth.


It only takes a few minutes a week and it is much easier to keep up with. When I use my debit card I put the reciepts in a special pocket in my billfold and then I write them down when I have time. Just a couple of tips. Hope it helps!

Reply Was this helpful? Yes

Add your voice! Click below to comment. ThriftyFun is powered by your wisdom!

In This Page
Budget & Finance BankingAugust 11, 2005
Halloween Ideas!
Ask a Question
Share a Post
Better LivingBudget & FinanceBusiness and LegalComputersConsumer AdviceCoronavirusCraftsEducationEntertainmentFood and RecipesHealth & BeautyHolidays and PartiesHome and GardenMake Your OwnOrganizingParentingPetsPhotosTravel and RecreationWeddings
Published by ThriftyFun.
Desktop Page | View Mobile
Disclaimer | Privacy Policy | Contact Us
Generated 2022-10-13 07:21:58 in 903 msecs. ⛅️️
© 1997-2022 by Cumuli, Inc. All Rights Reserved.