Playing the "Float" ... Float on, Float on ...

money is tight for most of us these days. and some people have very creative ways to get from one paycheck to another. SOME PEOPLE. not me. SO I'VE HEARD. never practiced ...

so, i was talking to a friend of mine who had never "played the Float" ... dont' know what that means? well, the "Float" is the time between when you write a check and when the money is actually taken out of your account.

for example ... you write a check to the grocery store on monday. the money doesn't actually come out of your account until tuesday or more likely wednesday. the time of day that you write the check can also make a difference. checks written later in the day have a better chance of taking longer to hit your account than would a check written that morning.

PLEASE NOTE - I AM NOT ADVOCATING THIS ... IT'S PROBABLY A CRIME (ok, it IS a crime to write a check on an account that doesn't have funding to cover the check)

i'm just saying ... this was a conversation that i was having with someone who didn't have enough money to make it to payday. (again, absolutely NOT advocating this practice).

so, if you are broke on wednesday, and get paid on friday, well, you might just be able to make it to friday ...

BUT BEWARE -- some places, like a super walmart that i had the occassion to visit, will take the money out of your account AT THE REGISTER -- that's right. it's almost like an atm without the fees.

float on, float on ...