Just about two weeks ago, at the same time we were switching to a new server, the hard drive on my primary computer crashed, forcing me to take this machine in. Today and over $500 later, I have this Mac back, my hard drive restored, having lost only some old mail.
I can only blame myself for the loss and the cost. This has happened before. I should have backed up my files more often.
As I waited from the folks at the store to get back to me, letting me know whether they could recover the lost data, I did a more extensive review of my own finances than I normally do, seeing if I could come up with some more savings to make up for the cost of the repairs. And I realized that had I been more prudent, I could have saved upwards of $500 over the past year by sacrificing only the convenience of having a home fax with a separate fax line. (I canceled the line.) The additional savings would come from always doing what I normally do–paying my bills on time.
I realized that, over the past year, I had lost about $120 in late payment fees to my various credit cards. To make sure I have no further late payment fees, I’m making one minor adjustment in my habits–I’m paying off each bill as soon as it comes in.
At the same time as I realize what I could do to save money, the Democratic Congress has passed legislation “to limit the penalties on riskier borrowers.” To make up for the lost income, credit card companies will be changing their policies, causing those who pay off their bills on time to subsidize those who don’t. People with credit problems will thus be a little less responsible for their own folly, while those more careful with their money will help pay off their debts.
Guess, I was wrong to review my own finances to see how I could save a little money; I should instead haved asked Uncle Sam or a favor. I mean, isn’t that the way things are in Barack Obama’s Washington?