What to do about auto-deposit of paycheckgreenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread
As public school teachers, my wife and I both have our monthly paychecks automatically deposited into our bank. We also have automatic payment arranged for our mortgage, a loan, and a few other items such as TSAs & Mutual Funds. Here's my question; as I work toward preparedness (food stores, equipment, and other essentials) is there anyone who can advise me on the best way to deal with the "locked in" arrangement I've described above which all depends on the very system which appears, at this point, to inevitably crash by 2000, if not sooner? I'm concerned about taking care of this BEFORE the runs on the banks start happening. Thanks in
-- Jondolar (firstname.lastname@example.org), June 14, 1998
I also have my paycheck "direct deposited" into my bank account (quite convenient since I work 30 mi. from home and don't always work on paydays), but I plan to stop it soon. You had to give your employer and the bank permission to start the automatic deposit and you will also have to give permission to stop it, but it's easy to do. Call your payroll dept. for the paperwork. Ours takes one or two pay periods to take affect.
-- Mary (Beachyfe@hotmail.com), June 15, 1998.
I'm sorry, but I don't see the difference. A paycheck autodeposited into a defunct bank. Or a piece of paper (check) in hand drawn on a defunct bank to be deposited into a defunct bank.
Your teachers right? Have you got curriculum for grades 1-12? Can you open a neighborhood school? Teach kids for food? Think fallback positions for doing without money for a while. Think about having some money stashed discreetly around the house.
-- LM (email@example.com), June 21, 1998.