Two IMPORTANT things you should note:
a- Take this time to consider migrating to Postgres . I would never trust anything financial or critical to MySQL. Their integrity blows.
b- If you are staying in MySQL, MAKE SURE that you are using AT LEAST v5.0 so you can enable 'TRADITIONAL' mode.
TRADITIONAL mode does some crazy things-- like require text to be valid for the field you stuff it in. Otherwise, mysql will start doing things like trimming and inserting the largest substring of your field it can fit into a column, without calling an error. ( real databases call fatal errors on stuff like that ). Mysql will also change data types without telling you, along with a long list of horrendous things. It was built for speed and widespread use-- not for correctness of data.
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