Frugal Babe

A rich life without a lot of money

  • Home
  • About me

How We’re Paying Our Business Expenses Post-Wells Fargo

February 3, 2009 By Frugal Babe

Good to know that Wells Fargo is making good use of their bailout money afterall.  I suppose it is more important to take the employees on a Vegas vacation than to keep credit available for small businesses with spotless credit.

For now, we’re using the credit card that I got back in 1997 for our business needs.  We only have five or six charges per month, and all of them are automatically charged.  We switched two of them today, and I’ll do the others tomorrow.  My first card was from CitiBank, and ironically it’s still active even though I haven’t used it in years.  I blew the dust off the card I had, noticed that it had not expired (they’ve been sending me new cards every few years, even though I wasn’t using the account), and called them to have them issue a second card in my husband’s name.

We’ll use the Citi card for our business needs for the time being.  It’s only a few hundred dollars a month, and we can pay the bill from our corporate checking account (I keep meticulous records, and the card won’t be used for anything non-business).  The other option was to use our regular personal credit card and reimburse ourselves, but that’s one more layer of record-keeping that I’d have to do, and I perfer to keep things as simple as possible.

We are still considering switching to a credit union (reader comments have been encouraging in that regard), but we want to figure out where we’re going to be living before we go through that process.  Anyway, for now I’m just so happy for the good executives at Wells Fargo.  It’s great to know that they get to take a sweet vacation using tax dollars.

Filed Under: just my life, work 2 Comments

Comments

  1. GC says

    February 4, 2009 at 2:36 pm

    thanks for the link
    blew my mind

    Reply
  2. mominma says

    February 10, 2009 at 10:52 am

    I hate to say it, but Citi isn’t any better. We were on holiday out of the country (a very rare treat indeed) and discovered that citi used their private corporate jet to send an executive to said holiday resort area. This was AFTER the bailout! No more citi for us.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Great eBooks:

Recent Comments

  • Chris on Still Here, Still Frugal!
  • Cassie on Still Here, Still Frugal!
  • James High on $20 Window Well Makeover
  • Kay on Still Here, Still Frugal!
  • BigMama on Still Here, Still Frugal!
Shop for Fashion Dresses on DHgate

Organifi coupon

Recent Posts

  • Still Here, Still Frugal!
  • Goodbye, mortgage!
  • Achieving our goals, thanks to long-term frugality
  • Still here!
  • An update from our frugal corner of the world

Blogroll

  • Brave New Life
  • Budgets Are Sexy
  • Early Retirement Extreme
  • Green Baby Guide
  • Kristen’s Raw
  • Mr. Money Mustache
  • Nature Moms Blog
  • No Impact Man
  • Penniless Parenting
  • Personal Budgeting
  • Pleasantly Poor
  • Sense To Save
  • Simple Mom
  • Stop Buying Crap
  • Surveybag
  • The Good Human
  • The Thrifty Chicks
  • Tight Fisted Miser
  • Ultimate Money Blog


  • See Store Coupons
    • All Coupons
    • Amazon Coupons
    • Apple Coupons
    • Best Buy Coupons
    • Buy.com Coupons
    • Dell Coupons
    • HP Coupons
    • Newegg Coupons
    • Office Depot Coupons
    • Staples Coupons
    • TigerDirect Coupons
  • See Category Deals
    • All Deals
    • Laptop Deals
    • Netbook Deals
    • Cell Phone Deals
    • TV Deals
    • GPS Deals
    • Camera Deals
    • iPod Deals
    • Tablet Deals
    • eReader Deals
    • iPhone Deals
d9533814e829a2b88025d710cb92afab-332