Home > A missed the period momentary panic

A missed the period momentary panic

June 3rd, 2015 at 05:30 pm

I missed the period key when making an online "micropayment" toward the Home Equity Line of Credit this morning. Instead of 4.32 I paid $432.00, or close to six months' principal automated payments.
I had a chance to cancel, but I didn't see the amount clearly (no glasses, little caffeine).

The benefits are that my HELOC is five months closer to being paid off; I have less interest and more principal to pay next billing; my equity, mortgage paid, and principal paid numbers are up. Instead of having an "Oregon zip code" balance outstanding on my house, I have a "Honolulu zip code" balance outstanding.

The HELOC interest rate and term are higher than my car loan's rate and term as well, so I've saved myself some interest, maybe $140.04, or seven months' interest on the car loan. I don't mind so much the automatic $100 withdrawal requirement imposed by my credit union. I know someone who, seven years after borrowing on her HELOC funded by a major bank, is still paying interest and no principal.

5 Responses to “A missed the period momentary panic”

  1. My English Castle Says:

    You and your headlines! I had a big gulp when I opened this!

  2. PauletteG Says:

    I'm practising "clickbait" strategies. My dry brevity and esoteric topic restrict my readership numbers. I am now trying to come up with ways to save $432 from my budget. This may take two-four months to recover...

  3. wowitsawonderfullife Says:

    Wow, what a headline! Clever!

  4. NJDebbie Says:

    OMG, I thought you wrote, I missed my period momentary panic. I thought you were pregnant!

  5. PauletteG Says:

    It disheartens me to admit I missed a year's worth of menstrual periods a few years ago. Ginger teas brought them back. I didn't really MISS them, as in LAMENT their absence, but I did skip 12 months worth of sanitary protection. What a beautiful era.

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