All my money that I saved for when I had to quit my job for NS is Gone !

  1. here i am in my office trying to keep my composure. many of you may already know that i've decided to quit my job so that i can put all of my energy and focus into my last nursing course before i graduate in july of 2009. so my last day at work is may 27.
    after i decided to leave my job i formulated a budget plan to hold me over until i start working full time again. i had money saved in my savings account and a little something in my checking account.

    well today, as i went to view my accounts every thing was gone ! i had a negative balance of over 1000 thousand dollars.

    i called the bank and told them that this must have been a mistake and i could not have possibly owed this much money to anyone.
    well since my mother had a garnishment and her name was on my account they wiped out my account.
    i'm just praying that all of this will get resolved.
    i tell you when it rains it pours.

  2. Visit NurseLoveJoy88 profile page

    About NurseLoveJoy88

    Joined: Jul '08; Posts: 4,125; Likes: 3,998
    RN; from ZM
    Specialty: 6 year(s) of experience in ltc


  3. by   GooeyRN
  4. by   sweethearttiff
    we all got to make sacrifices at these difficult times!!!! u r not alone
  5. by   cursedandblessed
    i'm so sorry for you!! that's truly awful. i wish there was something i could do to help, but i have no idea.
  6. by   ~Mi Vida Loca~RN
    Who wiped it out, the IRS?? If so you won't get it back.

    I am very sorry, if I were you I would go get my own account without your mom on it, anytime they decide to leavy the bank account they will wipe out everything in it and there is nothing you will be able to do to stop it, sometimes you can do something BEFORE it gets levied but they won't return funds. As long as she is on your accounts this can happen, I have heard stories of grandchildren savings accounts being taken because of a bank levy of the granparent that openend the account for them.
  7. by   caliotter3
    Sorry to hear that this happened to you. Sounds like you will have to stay at your job because of your mother. I would close out that account (the bank may do that anyway if you don't make up the shortfall fast) and open an account in your name only. This is a good reason why one has to be careful with joint accounts.
  8. by   NurseLoveJoy88
    thanks for the all the encouragement. when i first signed up with the bank i was under age so my mother and i had a joint account. we later requested that we have separate accounts and we thought it was taken care of...but apparently not.
    so my mother owed a company from years ago and therefore they garnished my account as a result and they plan to garnish hers tomorrow ( she gets direct deposit on thursday from her job).
    i'm on the phone with the bank now to cancel my accounts and my mother plans to replace the funds however i know she can't really afford it and i also have direct deposit so this is going to screw up my next check as well.
    there is no way i can stay on my job ! there may be scheduling conflicts with clinicals and my work hours which is why i decided to quit anyway, and i also don't think i can no longer deal with the stress of working a non-flexible job while in nursing school.
    i have one more 8 week class before i graduate and i'll just have to tough it out.
    i'm concerned about my bills, car note, insurance and etc.
    but as long as i have breath in my body then i still plan to continue on with school.
    thankfully, i should have money from a loan coming... so that will help a little bit. but i'm still in a deep hole.
    even if god forbid my car gets repo'ed i'll just have to catch the bus !
    well, god will get me through this... i'll keep you all posted.
    Last edit by NurseLoveJoy88 on May 6, '09
  9. by   DA314
    I know it isn't the best option, but maybe you could take out a student loan to replace the money you lost. That way you can focus on school and not stress about money.
  10. by   JeanettePNP
    Do you live in the same town as your mother? Can you move in with her? She does owe you the money.
  11. by   NurseLoveJoy88
    Quote from chayan
    do you live in the same town as your mother? can you move in with her? she does owe you the money.
    no, i'll manage. its just money and i'll get over the lost.... i'm just trying to get back to reality and focus on school. thanks for all the advice guess. it just feels good to type it all out to vent.

  12. by   ~Mi Vida Loca~RN
    Man that really sucks, I would see if there is anyway to cancel that direct deposit, I would imagine if the account is close the DD will be returned and your works HR will just issue you a check, may take a little longer but it's better than having all of it taken, their has to be a way for them to do this, if your checkbook was stolen they would cancel the account right away.