Clearly I am very excited to knock down my debt snowball. So excited that I paid my student loan bill early. Normally this act is not a bad thing except when you pay a bill with money that you don’t have.
When I looked at my bank balance, I saw that I had an extra $150 in the account and thought – awesome, I can go ahead and pay this bill. Had I taken a second to go back and recheck my budget excel sheet, I would have realized that I only had $25 in extra cash and not $150.
So this morning when I saw the overdraft charge and realized what I had done, this wave of shame washed over me. I feel completely stupid. The lessons of the day – get excited about paying down your debt but not too excited.