Banks cancelling overdrafts

Money_maker

Lokolo wrote: »

The ignorance of people in debt amazes me to be honest.

You have no idea. Come back in 20 years when you have a little more experience of life and families.

Theres some good people out there struggling, lets see what life deals you. Its not always about finances.

OrkneyStar

olly300 wrote: »

Justamum has put it very politely.

Lots of people who end up using their overdraft have ended up by no fault of their own in situations where money is suddenly short, and they can't afford even long term to save or get out of debt that quickly.

One person on this thread has already given an example which you clearly have not been able to understand.

Perhaps I do understand but choose to disagree ?
Just because someone offers a conflicting opinion please don't resort to accusing other posters of 'not being able to understand'.
The majority of people can save something.

OrkneyStar

Justamum wrote: »

I do have a tight food budget, or as tight as it's possible to get. Maybe it's because we don't have the budget supermarkets, or decent 'whoopsies' - our supermarket seems to think they are doing you a favour if they chop 10p off something which is out of date - but I honestly don't see how anybody can eat healthily on £1 a day. We do without other stuff like clothes, outings, holidays etc because we have food down as low as I can get it.

Just a thought Justamum (and its meant to be helpful so don't shoot me down!), have you ever tried growing some of your own veggies ?
Not sure what your climate is like there, or even if you have a garden but it might be worth a try, if you have some time (or even better if someone can help you!).
I would love to grow stuff, and might do a little (did some last year), but this bloomin back of mine just seems to put a spanner in the works. I have heard many positive stories of how helpful it can be.
As I said, just a thought.

Justamum

OrkneyStar wrote: »

Just a thought Justamum (and its meant to be helpful so don't shoot me down!), have you ever tried growing some of your own veggies ?
Not sure what your climate is like there, or even if you have a garden but it might be worth a try, if you have some time (or even better if someone can help you!).
I would love to grow stuff, and might do a little (did some last year), but this bloomin back of mine just seems to put a spanner in the works. I have heard many positive stories of how helpful it can be.
As I said, just a thought.

Local authorities over here are now having to offer allotments. I will be getting one, but they won't be available until at least November apparently.

I have got a few potatoes growing in the back in bags, have planted some peas and lettuce and have some strawberry plants growing. I've also got some tomato and pepper seeds trying to grow. However I am keeping a separate list to see if it's actually cost-effective growing stuff this way - cost of compost, pots, seeds etc, versus the actual yield which I will weigh and cost up at prices current at the time. It will be much cheaper when the allotment comes along I'm sure. I've yet to see if I have green fingers though!

I 'chitted' a load of seed potatoes because I was expecting the allotments to be allocated in time for this growing season, so I still have a few which I haven't planted out yet. I'm not too sure if it's going to be worth the cost of buying more bags of compost to grow them

I'm sure the landlord won't be too pleased if I dug up the lawn to grow veg!

tiff

Worth asking him though, if you did want to grow more.

OrkneyStar

Justamum wrote: »

Local authorities over here are now having to offer allotments. I will be getting one, but they won't be available until at least November apparently.

I have got a few potatoes growing in the back in bags, have planted some peas and lettuce and have some strawberry plants growing. I've also got some tomato and pepper seeds trying to grow. However I am keeping a separate list to see if it's actually cost-effective growing stuff this way - cost of compost, pots, seeds etc, versus the actual yield which I will weigh and cost up at prices current at the time. It will be much cheaper when the allotment comes along I'm sure. I've yet to see if I have green fingers though!

I 'chitted' a load of seed potatoes because I was expecting the allotments to be allocated in time for this growing season, so I still have a few which I haven't planted out yet. I'm not too sure if it's going to be worth the cost of buying more bags of compost to grow them

I'm sure the landlord won't be too pleased if I dug up the lawn to grow veg!

You are doing really well But you are right you have to weigh up material cost vs yield of crop!

catpaws99

Oh well I'm one of the irresponsible ones then! Have been made redundant from my part time job. My partner has had to change job and go from being weekly paid to 4 weekly with 2 weeks notice, we have children to feed and shoes to buy (dd1 has a huge hole in her school shoes) so this month I have used my entire OD limit (£500). If they recall it then we are screwed. Am intending to pay it back £50 month when oh gets paid in a couple of weeks.
People who say it's easy to save should try living in an area where the only jobs on offer are min wage. My oh works 14 hour days sometimes and we struggle. Are thinking of selling our car next but who wants a 15 year old car tho?

PROLIANT

catpaws99 wrote: »

Oh well I'm one of the irresponsible ones then! Have been made redundant from my part time job. My partner has had to change job and go from being weekly paid to 4 weekly with 2 weeks notice, we have children to feed and shoes to buy (dd1 has a huge hole in her school shoes) so this month I have used my entire OD limit (£500). If they recall it then we are screwed. Am intending to pay it back £50 month when oh gets paid in a couple of weeks.
People who say it's easy to save should try living in an area where the only jobs on offer are min wage. My oh works 14 hour days sometimes and we struggle. Are thinking of selling our car next but who wants a 15 year old car tho?

I would not say you were irresponsible, I am also sorry to hear about your mis-fortune and hope you can find a reslove soon.
Situations like this do not make us fools or "irresponsible", they are elements out of our control, just do what is best for you and your family.

Justamum

catpaws99 wrote: »

Oh well I'm one of the irresponsible ones then! Have been made redundant from my part time job. My partner has had to change job and go from being weekly paid to 4 weekly with 2 weeks notice, we have children to feed and shoes to buy (dd1 has a huge hole in her school shoes) so this month I have used my entire OD limit (£500). If they recall it then we are screwed. Am intending to pay it back £50 month when oh gets paid in a couple of weeks.
People who say it's easy to save should try living in an area where the only jobs on offer are min wage. My oh works 14 hour days sometimes and we struggle. Are thinking of selling our car next but who wants a 15 year old car tho?

I hope things pick up for you. It sounds like you are going through a very tough time.

OrkneyStar

catpaws99 wrote: »

Oh well I'm one of the irresponsible ones then! Have been made redundant from my part time job. My partner has had to change job and go from being weekly paid to 4 weekly with 2 weeks notice, we have children to feed and shoes to buy (dd1 has a huge hole in her school shoes) so this month I have used my entire OD limit (£500). If they recall it then we are screwed. Am intending to pay it back £50 month when oh gets paid in a couple of weeks.
People who say it's easy to save should try living in an area where the only jobs on offer are min wage. My oh works 14 hour days sometimes and we struggle. Are thinking of selling our car next but who wants a 15 year old car tho?

Catpaws my OH works on min wage (or pennies above it) too and I realise it can be hard.
Using your O/D in times of need and planning to pay it back, as you seem to be, shows you are not just 'willy nilly' using it and constantly living in it either. You are not irresponsible, just having it really difficult right now, as a lot of people are. Some people have brought some of it on themselves (we all know they are out there) but it does not sound like you are one of those! I hope nothing bad happens with the O/D in the short term and that things pick up for your family. I have heard horror stories of what DD's can do with shoes so hope you manage to find a pair with steel reinforcements lol (joke, sorry!).
As for saving, perhaps it is a mindset thing, I have always saved something, a little, even from my Saturday job as a student and even now as a SAHM with a low paid hubby. The savings are there for emergencies and get used, but I try to put even something away. I am not a rich person who has bags of money, it is just that saving something is high up my priority list. I don't mean to offend anyone, it is just something that is important to me and I think this thread overall has reflected that there is a need for more (sensible) financial education. Not say you personally need this anymore than me or the next guy, but just in general.