The Money Fast
About a month ago, I had a frightening experience. I was skating on thin ice as far as my checking account balance was concerned, but I knew that I had about $200 in the bank 'til my next paycheck, which would be arriving in 2 weeks. Unfortunately, I had lost track of a couple of automatic payments, and when I checked my balance, I discovered that my account was $5 in the red. I was shocked. I have no credit cards, no back-up. I had a $35 gift credit card (my Christmas bonus) and a bunch of change in my car, which had to last me for two weeks.
After careful thought about my options (payday loan: NO, borrowing money from Mom: NO), I decided to make just two purchases with my debit card before it got declined. I knew that time was of the essence, so I hurried to the gas station and to the grocery store before work. I filled up with gas, then I headed over to Dahls, where I got two weeks' worth of groceries. I tried to buy everything I would need, without being extravagant, as I would be taking a $35 hit for the overdraft fee from this purchase.
Over the next couple of weeks, I carefully rationed my gas usage, only going to work and to church. I took all of my bottles and cans (which I had been saving for quite some time) into Hy-Vee to redeem for cash. Five huge bags netted me a big 5.87. I realized that you've got to be REALLY down on your luck to be can collecting cans for money. I spent that money on motor oil and contact solution, even though I was dying for a Coke. Towards the end of the last week, I was struggling, and buying gas with change, but I made it. I was literally almost completely out of gas when I pulled into the parking lot of my workplace to pick up my check. I even managed to have a night out (thanks, $35 gift card) of ice skating ($6 shoe rental, and $2 beers afterward) halfway through. I learned a lot about how little you can live on, if you have to! I don't recommend it as a fun experiment, though.
