Grrr! I'll never get that overdraft down!

milliejon

Last month we managed to reduce our overdraft from £800 to £700! My next goal was to get the overdraft down to £600 by the end of May. Then....

.... our microwave blew up! We went and bought another microwave yesterday (which our landlady with reimburse us for) out of the money we were saving to pay the overdraft. However, this meant having to go out to a shop - Asda. While we were there, we didn't just buy the microwave (£30), but also a CD player for the kitchen, pizza and chicken for tea (!), cream cakes and loads of other bits and pieces.

We've now blown £60 of the £100 savings. I know I'll get £30 back, but this will be in cash which I know won't end up back in the bank!

The whole family went - it was like a day trip! We were like kids in a sweet shop. We never actually go to the supermarket because this would happen every week.

My overdraft will now not be reduced to £600 until the end of July now. I'm currently on maternity leave, and will be returning to work full time in June, but I need to pay £26 for bus fare for June, and then £40 upfront for a monthly pass in July.:eek:

I'm so angry with us :mad:

Thank you for reading and letting me get this off my chest.

CosmoCat

EEEK, I know those days hun:eek:

sorry to hear that that happened. I suppose it's a bit like smoking or doing drugs, it takes just enough willpower not to spend when you're on your own, but with the added peer pressure, sometimes it seems so easy to give in.

What about going with just the amount of money you need for the item you're buying. that way, even if family wants something, you can just shrug and say "sorry, no money". that way you might not be tempted.

bring back the cash society i say!!:rolleyes:

all the best with getting back on track.
mel

Zabl

aw milliejohn i know exactly how u feel....this has happened to me this month too, wanted to reduce my £700 to £600 but my car needs some belt thing changed [i'm not very technical! lol], so theres my £100 gone

i've decided instead to reduce by £50 instead, can u do the same? Its better than nothing and you'll be happy you've made a dent??

littlejen_3

If you are going to get the £30 back for the microwave can you ask the landlady for a cheque or to put it straight into your bank? This way you will not have the temptation of the cash?

lynzpower

I had a moment like that in asda yesterday ( never usually go there) and popped in for some veg and nearly came out with loads of biscuits & 2 lamps. However, i panicked and said to OH, leave it all, lets get out of here!!

Sop we wasted over an hour miling around asdas but managed not to spend the money in the end. Phew that was a close one. Not going there again!

CosmoCat

what is with these large foodstores that make us all go crazy.

everytime i go to the sainsburys i've got to get myself a dvd and visit the home shop, and go to the deli counter and fish counter and buy more food than me and OH can eat!!

they must put something in the air!

chick-chick

It's just so easy to get carried away when you go to the supermarket. We went to Asda during the week, and ended up spending £20 on 2 cooked chickens, 2 bags cookies, pack of socks, pair of slippers (£2 for bf, bargain really), custard slices, 2 boxes of scones with clotted cream, a magazine, fresh loaf, and some milk. Can't remember what else! :rolleyes: It didn't help that we were hungry when we went, so everything looked tempting

kickingkay

shopping!, i hate supermarkets especially when the family come the food bill goes from 45- 85 in one fell swoop! and when you look at the receipt and the bags you have to question yourself how!?
i think i buy through guilt we go without soo much these days that i think oh ok it wont hurt this will make them feel better and make going without seem ok
sighs its a vicious circle not quite sure what to say oh but i did win a 10 on the lottery last night and i announced its going into the holiday fund! hubby is cashing it in i doubt i will see it again

chick-chick

Well done kickingkay on winning a tenner :T

mountainofdebt

Don't know if this will help but would it be worth putting any money that you are saving to pay off your overdraft into an on-line savings account?

That way you'd not only be earning interest on the money but you physically wouldn't have it to hand to spend.

MinnieSpender

Could you take the CD player back and get a refund? Bit hard with the chicken though!