Posted by Tim Stobbs on December 17, 2009
I managed to keep a bunch of papers in my car for four months that was worth $330. They were dental claim forms for my insurance at work. I finally filed them this month and just got the cheques back yesterday. So why did I have them in my car for four months? I kept forgetting about them.
Or I would remember the papers when I couldn’t possibly get to them or when the dental office was closed and I still needed a signature on them. This tends to happen to me once in a while. I develop a block about dealing with something that will go on for months.
So where else can you forget about money? Well in my case here is some places I’ve done it:
- Not filing health or dental benefit forms.
- Not doing paperwork at the bank to reduce fees.
- Not investigate renewing my mortgage earlier (I could have done it three months earlier and saved some interest).
- Not contacting my bank to update my investor profile and have money sitting in cash for too long.
- Not contacting my service provider to reduce my service package when I no longer need something (last time it was removing something from my cable package).
- Not selling items in my house online that I no longer need. I have a least $100 of stuff to sell right now.
- Forgetting to use a gift card or coupon. I have a Home Depot one sitting on my night stand right now.
- Not moving money to my high interest saving account from chequing for months.
Each item is usually rather small but when you add it all up it can be a lot of money that is slipping through your hands every day. So how do you deal with it? To be honest I’m not sure. It usually works out in the end for me, it just takes a while to get there. How have you tried to remember forgotten money?