That was meant to be a joke by one of my friends who sent me link yesterday.
Some of my family members have been teasing me for about last 5 years that I do have money related OCD and I was thinking that it is just because they are not that good with finances and trying to make excuses in funny manner. So I played along and never thought that I do something extraordinary or unusual for responsible people. I even choose MoneyOCD as my name here thinking it is funny.
Now looking at the linked article I am really wondering do I over do it? I have 7 out of 10 strongly presented and 2 are the border line.
I asked some friends and co-workers to rate themselves and highest result was only 4. Now it gets me really thinking...
Population at FWF is type of people that I think more money responsible then usual croud so my questions are -
1. How many out of 10 do you have? 2. If you have 7 or above - does it affect your life in negative way and why?
10 Signs You Have Financial OCD
1. It irritates you when cashiers give you the bills back before the coins. Hello! You’re supposed to put the coins in my hand first, then the bills. Otherwise the coins fall all over the place!
2. You keep your bills organized in your wallet from lowest to highest, all facing forward and upright. How else are you going to know how much money you have and prevent advertising the amount of cash you’re carrying from everyone else? Plus, Suze Orman told you to!
3. You check your bank account online every day. Even though you balance your checkbook, you still like to know exactly which day the electric company cashes their check.
4. You always know the exact balance of your retirement accounts, even though you’re thirty years from retirement. It affects your net worth, you know!
5. You’re unable to throw out old financial records. You see, someday you might need to know your average monthly water bill, and since that information is only kept online for three months, how else would you be able to figure it out? Quicken? Well, what if your computer crashes and you haven’t backed up your files for four months?
6. When you owe someone money, you pay with exact change. When your coworker goes to McDonald’s and picks up your #9, you give him $5.26. It’s only fair.
7. You split the cost of the stamp with your roommates when paying the cable bill. Let’s see, that will be $22.16 for you, $22.16 for me, and $22.17 for Erica. Sorry, Erica, but it’s your month to pay the extra penny. Oh, and everyone’s total includes 13 cents for the stamp - well, it’s actually 14 cents for Kim and I, of course.
8. When you take your change jar to the bank, you count all the change ahead of time. You just can’t wait to find out how much money you’re going to have! Plus, now you’ll know if the teller drops a quarter on the way to the change machine.
9. You play games with your money. “Never spend a $20 dollar bill.” “Round up your transactions to the nearest dollar and transfer the rest to savings.” “Hide $50 in your underwear drawer and see if it’s still there next paycheck.”
10. You can account for every dollar you’ve spent in the past 10 years. Well, you have to keep track of your cash purchases too, because that’s where most “leakage” occurs! Plus, what better way to illustrate to your spouse that they’re spending too much money on vending machine purchases than through a pie chart in Quicken?
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These are cash OCD traits. We FWFers are on another plane entirely. Some better ones for us might be:
1. You get annoyed when your buddy wants to split the restaurant tab since it means you have to pay cash. 2. You wonder why they don't list FICO scores on match.com. 3. You walk a mile to the nearest no-fee ATM for the Teen Current card. 4. You check TYN every day to see what Citi has devalued. 5. You know which branches/ATMs take SLR checks written out to the bank for deposit into your account. 6. You're a devoted member of the George Watts Montessori Magnet PTA, even though you have no clue where that is. 7. You pay all your grocery bills on $330 gift cards. 8. You check the APY thread every day, and have a formula worked out for how large a percentage gain warrants moving your money. 9. The highlight of your day is checking whether blok got insurance money for his tenant's flood. 10. The bank shuts down your account because they think the large number of coin deposits means you're running a business. One week later they also shut down your wife's account. 11. When looking to refinance your home, you strongly encourage your son to join the Army, Air Force, Coast Guard or Homeland Security.
3) I have stopped checking account balances every day (not much happens on the weekends). I might go every other day during the week, but with yodlee its easy to see everything.
4) Retirement account is in Yodlee, so I check it along with the rest a few-many times a week.
10) Don't quite have the 10 history, but seems likely i will be there. Have a solid 4 years tracked since getting my first job after college.
staci86 said:Three of those don't really apply to those who are very OCD with their money, and pay for everything with plastic for the Cash Back rewards.
Yea, I would agree on that and actually put 2 of those as border line for myself becasue I can see myself doing it but do not do that often just becasue I pay for everything with reward CC. I am also finding myself calculating accumulated rewards for each statemnet to see if bank gave it to me right.
I am taking it upon myself to create a new top 10 list to make this thread more applicable to the average FWFer.
1) You use Rewards Credit Cards for everything, even when you have the cash available to pay immediately.
2) You shuffle through your wallet to find the Reward Card that gives the most rewards per purchase. If you accidentally left that "correct" card at home, you hold off on the purchase until you have the "right" card.
3) You know the exact balance of any reward points on all your cards and know exactly how many dollars you need to spend to earn the next redemption.
4) You begin an unsolicited 10 minutes conversation on Rewards Credit cards with your friends when you notice them purchasing things with cash or non-rewards cards. Included in this conversation is at least one back-door method of obtaining credit union eligibility for something like Penfed.
5) You ensure ALL of your credit cards are using the same PIN number for cash advances, even though you have NEVER taken a cash advance from an ATM and never plan to. You panic when you find a new credit card does not allow you to set your own PIN.
6) You have the CCVs of each card memorized so that when a cashier looks at the back of the card and is unable to read it, you recite it from memory.
7) You have all your credit card accounts arranged neatly into Yodlee by subtype: Rewards, 0% BT, Emergency.
8) You havnt paid for anything in cash in many years and never plan to use cash ever again (excluding H&B purchases).
9) You have organized the due dates for each Credit Card billing statement to maximize their efficiency. For example, Schwab 2% rewards are given at the end of the month after the cycle closes. Thus you arrange the cycle closing date to be the 28th so that you get the rewards in 2 days. If the cycle close date was the 1st you would have to wait 30 days to get the rewards.
10) You find yourself explaining maximizing reward card usage to people who dont care and stop yourself halfway through the conversation when you realize they arent listening.
1. It irritates you when cashiers give you the bills back before the coins. 2. You keep your bills organized in your wallet from lowest to highest, all facing forward and upright. 3. You check your bank account online every day. 4. You always know the exact balance of your retirement accounts, even though you’re thirty years from retirement. 5. You’re unable to throw out old financial records. 6. When you owe someone money, you pay with exact change. 7. You split the cost of the stamp with your roommates when paying the cable bill. 8. When you take your change jar to the bank, you count all the change ahead of time. 9. You play games with your money. 10. You can account for every dollar you’ve spent in the past 10 years.
I really appreciate people posting exact ones that they have , not counts only. Feel obligated to disclose my own too.
1. border line - usualy do not pay with cash but can see getting very upset when cashier will hand me coins in the way that they can fall. 2. do it automatically without any reason (listed above reasons seems strange) 3. guilty, and very often more then once. 4. guilty too 5. have every single bill and statement since august 1999, all in folders and organized by type and year 6. border line, prefer not to ask anyone to buy me anything or volonteer to buy by myself for all and then collect cash from other, always making sure that if someone gives me more to get them appropriate change 7. i did not count it for me becasue never have been in such situation and can not honestly to say what i would do 8. oh well, i do it, and also counting change in jars between bank visits too, although not that often (may be once a month) 9. that is very intersting one, i do play games but not with cash. mines usually virtual like creating virtual accounts in quiken and do some allocation to them, also do some transfers to make numbers round 10. guilty, what is a Quicken for?
kenfeyl said:1. You get annoyed when your buddy wants to split the restaurant tab since it means you have to pay cash. I frequently split the bill with someone - restaurants don't mind taking two (or even more) credit cards to pay for one bill. Just try not to make it too complicated. 50/50 or "$50 on this red card, the rest on other one" works fine.
I usually take other person's cash and pay entire bill with my card, so I get annoyed when we are splitting onto two cards, but for a different reasons: less rewards for me
Wow, I feel good. Only scored 3, and barely at that. 2 - it is the only way that makes sense to me. I would hate to unknowingly give a bigger denomination that expected. 3 - this is the only part of my financial habits that I consider excessive 4 - most retirement accounts are at same place as #3
I used to do #5, but found over the years that this is just a burden to me. I nearly burnt up a shredder a couple of years back when I got rid of all the crap.
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