When I bought my car, my loan payments were scheduled to come out of my chequing account bi-weekly on Mondays (1st & 15th of this month). It was really annoying, having to remember and calculate payment times. So I called into BMO last Wednesday to get them changed to bi-weekly on pay day Fridays. They said they would send me some paperwork which I would have to send back to them before they could get authorization to switch the dates – meaning the next payment would be on the new date of the 19th, since I was too close to the 5th to receive and mail off the paperwork in time. So fine, that’s reasonable.
But they took a payment out on the 5th anyway! That means I will be making an extra car payment this month (1st, 5th, 19th). One of my goals for 2010 was to make 3 extra car payments. Not exactly planned, and it’s a good thing I had the money in my account, but that’s 1 extra payment down, 2 to go!
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[...] payments – I unexpectedly made an extra payment this month. But it was the perfect month for that to happen, since I made so much extra cash. One of my goals [...]