A potentially costly mistake averted…

Budgeting and tracking spending means that I’m looking at our budget and bank account on a daily basis (or at least every other day).

Lo and behold, I saw a very large pending deposit on Monday from B.’s civilian employer.

Who he is currently not working for, due to being deployed.

And he hasn’t been working there for a few months.

Turns out, it was a mistake (which of course, we found out after it had already gone through, because they can only discuss it with B.) and we need to pay it all back. It’s not a big deal, because I a) noticed immediately that unexpected money had been deposited into our account and b) was able to pay it back before any of it got spent.

In the pre-budget days, we just spent money and occasionally checked the balance of the bank account.  If that had been the case, I would likely never have noticed the over-payment (or at least not noticed until I had spent a significant portion of it) and it would have been difficult to come up with several thousand dollars to pay it back.

So, while it’s not a direct benefit of budgeting, the heightened financial monitoring and awareness that comes with budgeting saved us from a potential costly mistake later down the road!

Although I’m a little sad that we don’t get to keep the free, unearned money! 😉


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