Possible Overdraft Fees

I was really excited for today. I had budgeted so well since my last payday, and I was sure I'd have about $100 to move into savings.

Not only was I wrong, I might be hit with some overdraft fees tonight!

I thought all my bills for January had been paid, but I was wrong. The fees for my ninjutsu dojo hadn't been taken out yet. I have them set up on auto-draft and I completely forgot that they are paid on the 28th each month. So that came out last night, and then this morning I had grabbed an Egg McMuffin at McDonald's (paid for with my debt card). I checked my account balance a little bit earlier, and saw that I was -14.23. Yikes!!!

So immediately I transferred funds from savings to make my checking account positive, and then I called my bank because I didn't see any overdraft fees yet. They said that:

1. Since I moved the funds over before 2 p.m., they will officially "post" at midnight.
2. Whether or not I am hit with fees depends on if the merchants submitted paperwork for the pending transactions to be posted at midnight tonight. Both my ninjutsu fees and McDonald's are pending, as are a couple other things. But the customer service lady said that I moved enough for everything to clear--and the most important thing was that I had done it before 2 p.m. so it could be processed with today's business.

I get paid at midnight tonight (direct deposit) but that doesn't offically "post" until midnight tomorrow--so while it'll be "available," it can't help me avoid possible fees. Ugh.

I won't be able to see if fees were assessed until tomorrow morning. If they are, I'm going to call and ask for a refund. I know it's my own fault, but since this never happens they may be able to do it as a courtesy. If they can't be refunded, I'll probably be paying an overdraft fee stupid tax.

Next month, I'll be using cash envelopes and therefore hopefully avoid this whole scenario from happening again. =)

At least it's going to be payday. I will update tomorrow with what happens with this.