Then updating my spreadsheet, I found why. It seems I had written that $150 of the extra money (from August being a 3 paycheck month) was to be paid for student loans, making the total paid in August $820 vs $670 which was originally plotted. I didn't really need that money for anything in particular, but I don't think it was supposed to go into that fund. Oh well. At least it went to a good cause, even if by a miscalculation.
My budget book ends in October, as September may see a raise, however small (if any) and may need some recalculation. I will try to be more careful, but all this shuffling of funds is hard keep track of. As long as the money isn't being thrown into a black hole, I shouldn't be too upset. But I am.
What do you do when you overpay something by a little or a lot? Something that won't just issue a credit so you can skip next time's payment?
Many times I mis-calculate a payment. It usually is my cell phone bill. Probably twice a year I will pay it twice in one month..... I guess that is better than missing a payment.
ReplyDeleteCan't argue with that... definitely better than missing a payment.
DeleteOnce I overpaid on my water bill and didn't realize it until a little later in the month. When I realized it, I knew that the water company was not going to issue a refund, so it was applied to the next month's payment and I simply skipped paying for the following month.
ReplyDeletehttp://fastlanetofinancialfreedom.blogspot.com/
That's great they were able to allocate it to next month's payment.
DeleteI think you should just "forget" that you overpaid the school loan and do your regular payments if you can next month. Anything that pays them off faster is a good thing
ReplyDeleteYeah, I'll have to do that anyway, since they won't count it as a credit towards next month.
DeleteIf you didn't need it elsewhere, I would just forget about it. Like others have said....it went to a good cause.
ReplyDeleteI rarely overpay something, and if I do, it usually works out in the next month.
You are sooooo incredibly hard on yourself!!!!
I would just let it go. I sometimes pay smaller bills like internet and phone ahead so I can open the bill and see that I don't owe anything. I realize that it is stupid, but what ever works.
ReplyDeleteThis made me laugh & remember the time I was going over our on-line checking account. Husband was still working a the time. I called him and asked "Um, husband, why did you pay the garbage man $3,324 this month?" (as opposed to $33.24) He responds, "Really?" Uh, yeah! Like did you pay us up for life or what? When I called the trash company and reached a girl in Accounting, she was laughing and said they've already processed a refund on the overpayment. Good thing for the husband! Gotta keep an eye on that boy! ;-)
ReplyDeleteOh my, I have nightmares about such an overpayment! Oh, the fees I'd incur!
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