Help!!!!!!!

kevinmcm19

Hi first time ive posted on this part of the board i keep over spending every month this month 330 in to my overdraft i basicly spent it on crap ill freely admit it
is there any tips you can give me to stop over spending recomend a band accout with visa or maestro card that dont have over draft facilty i find visa electron to restrictive i can all was pay my bill as they all come out with in a week of me getting payed

thanks kev

savingwannabe

Hello. A spending diary is a good idea. Just write down how much you have spent in a day and what on. After the first week i realised how much i was wasting on rubbish like newspapers, magazines, snacks, lunch at work. Take sandwiches and that will save some cash too.

Good luck on your MSE journey.

Deep_In_Debt

As above poster has said - a spending diary is quite an eye opener. Instead of buying newspapers and mags, read them on line etc. Take away coffees etc cost a bit too.

Re bank account - Barclays do a basic account with a Visa debit.

mjm3346

kevinmcm19 wrote: »

recomend a band accout with visa or maestro card that dont have over draft facilty i find visa electron to restrictive i can all was pay my bill as they all come out with in a week of me getting payed

thanks kev

You do not have to use your overdraft but if you cannot resist temptation the bank should remove/reduce it if you ask, then you will not have to sort out another account.

dancingfairy

You could try going to the cash machine once a week - getting out 30 pounds (or whatever your budget amount is) and once its gone - it's gone. Pay in cash only (apart from your bills).
As the person above said - get the bank to gradually remove your overdraft if you want - phone them and ask for it to be reduced to x amount then set it lower the next month etc.
I don't know how much you owe but say you have decided to save for a car/holiday etc when you are debt free - get a picture of the car/nice beach etc and put it in your wallet and remind yourself every bar of chocolate etc is stopping you getting your dream.
These are all tips I have heard mentioned on here - I can't say I've personally tried any of them though.
Good Luck
df

serious_saver

Have you tried the demotivator tool on the MSE site? It's great at reminding you how much silly little things add up.

I also had a money box, the kind that you need a can opener to get into. For one month I set myself the task of saving money for a holiday. Everytime I wanted to buy a DVD or takeaway that I wanted but didn't need, I would put the money into the tin instead. At the end of the month I was amazed at what was in the tin (I'm not even a big spender) and when I looked back over what I would have bought I realised that it was easy to go without them.

andrea1968_2

Alliance and Leicester offer good account - as long as you pay in mimimum (I think) of £500 you can decline overdraft facility, you get free travel insurance and you also get a bonus for transferring to them - it varies between £50 - £100 - but check on their website. Comes with a visa debit card as well.

If you can manage the no spend on crap for 1 month you'll be back in credit anyway, then do another month and another etc etc

Its boring but its the best way.

Good luck

Georgie4

babymoo wrote: »

Could you post again with punctuation and grammar? Sorry but I really can't understand a word of that.

How on earth is that helpful ?