Where my husband works does not allow paper checks....they only allow (free) direct deposit or a prepaid debit card (for a fee).
What does everyone suggest. I have money I need to spend down sitting in the bank (about 1800) and then if I wait until July to file (I have to cuz of surgery) and I am missing mortgage and cc pmts, i will have an additional 1900 a month to spend down. By july that will be nearly 7k tog et rid of...and thats the earliest i can file. SO -
I would like per the advice of attorney and forum, to use paper checks and just cash them...this will enable me to spend my cash on items without such scrutiny and paper trails (attorney's advice....i plan on stocking up on baby and household items) And it willg et us used to living cash only.
Well, what about this prepaid debit card idea? Isnt that the same as paying for everything out of our checking account? There is a trail with all debit card transactions.
I am wondering because since we have no paper check option, we were thinking of pulling out our excess $ (after bills, utilities, etc) to use for groceries, gas in cars, and other expenses. That way we could track our cash. Will this look fishy. I mean, I will have receipts from the stores but I am really bad at saving them (and thats A LOT of receipts)
What is smarter, just keep doing things the way we are (debti card out of checking acct) or prepaid debit card? I think I oculd plan filing where I file right before he gets paid and after bills hae cleared so that I can avoid those issues.
Also, my couch is about to fall apart (19+ years old) and I could really use a new one. this would be a great way to get rid of money, but will it look ike a luxury purchase? I really could use it....
Thanks, sorry for the long post
What does everyone suggest. I have money I need to spend down sitting in the bank (about 1800) and then if I wait until July to file (I have to cuz of surgery) and I am missing mortgage and cc pmts, i will have an additional 1900 a month to spend down. By july that will be nearly 7k tog et rid of...and thats the earliest i can file. SO -
I would like per the advice of attorney and forum, to use paper checks and just cash them...this will enable me to spend my cash on items without such scrutiny and paper trails (attorney's advice....i plan on stocking up on baby and household items) And it willg et us used to living cash only.
Well, what about this prepaid debit card idea? Isnt that the same as paying for everything out of our checking account? There is a trail with all debit card transactions.
I am wondering because since we have no paper check option, we were thinking of pulling out our excess $ (after bills, utilities, etc) to use for groceries, gas in cars, and other expenses. That way we could track our cash. Will this look fishy. I mean, I will have receipts from the stores but I am really bad at saving them (and thats A LOT of receipts)
What is smarter, just keep doing things the way we are (debti card out of checking acct) or prepaid debit card? I think I oculd plan filing where I file right before he gets paid and after bills hae cleared so that I can avoid those issues.
Also, my couch is about to fall apart (19+ years old) and I could really use a new one. this would be a great way to get rid of money, but will it look ike a luxury purchase? I really could use it....
Thanks, sorry for the long post
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