I wonder if there is much worse, at least in relation to your bank account, than seeing an overdraft charge. I hate those things. Not only does it remind you that you didn't have enough money to cover everything, but then the bank penalizes you for it. I just counted, and I had nine overdraft charges on my bank account this month.
9 x 28 = $252
I actually had to figure that twice because the first time, I was so shocked that I couldn't imagine that was right.
So when I deposited my check today, I had a negative balance of about $325. Most of that was overdraft charges!!! I had a larger check this pay period than normal, which I was glad for, but it was disappointing when so much of it went to cover the negative balance.
I was expecting it, though. I didn't know what the exact damage was because I was avoiding exact numbers, but I knew it was going to be in the negative. We have overdrawn consistently since August. It makes me sick.
But it would be a bad thing if the bank cancelled our overdraft protection. (Can they do that?) Really, it's the only way we get everything paid. I'm afraid that before our income improves, the overdraft protection will not be enough to help us manage.