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Reduced my Overdraft Limit!!!!!

Angel84
Angel84 Posts: 64 Forumite
in Debt-free wannabe
I have just reduced my overdraft limit by £20. Now I know this isn't a lot but it's the first time I've had it under £1000 in about 5 years so I am very proud of myself. And just wanted to say a huge thank you to the people on here! Without the advise and support over the past few months I wouldn't have had the strength to do it at all. My overdraft has always been my safety net and after reading a post on here saying that even reducing it a little bit makes all the difference. So I have! Mini cheer and celebration to me! :j:beer:
Don't be 'Good' - Be 'Amazing'
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Comments

  • vaporate
    vaporate Posts: 1,955 Forumite
    Angel84 wrote: »
    I have just reduced my overdraft limit by £20. Now I know this isn't a lot but it's the first time I've had it under £1000 in about 5 years so I am very proud of myself. And just wanted to say a huge thank you to the people on here! Without the advise and support over the past few months I wouldn't have had the strength to do it at all. My overdraft has always been my safety net and after reading a post on here saying that even reducing it a little bit makes all the difference. So I have! Mini cheer and celebration to me! :j:beer:

    Keep at it. It will disappear eventually as long as you are strict with yourself.

    Well done.

    :beer:
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • steveos
    steveos Posts: 34 Forumite
    Well done! Keep up the good work :):beer:
    Mortgage 58K/11yrs
    ::: Total Debt: [STRIKE]£1480[/STRIKE] 1250 :::
    ::: Total Paid Since LBM (22/02/2011): [STRIKE]£457[/STRIKE] £707 :::
    ::: Debt (CCard
    ) Free By Thirty: Aug 2011 ::
    Note to self: Stop wasting money!!!
  • beanielou
    beanielou Posts: 95,723 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    Good for you.
    I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.

    Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.     ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
    One debt remaining. Home improvement loan.
  • RedTulip
    RedTulip Posts: 103 Forumite
    Well done :j
    Here to offer help and advice, and maybe take a little in return.

    Whilst I am happy to share my knowledge, I am in no way a professional... I can not therefore accept responsibility for inaccurate info, I ask that you take professional advice rather than rely totally the info provided by myself :beer:
  • shinytoaster
    shinytoaster Posts: 175 Forumite
    well done you! This is how I am getting rid of mine as well. Mine is reduced by £50 every month and, after a while, you don't even notice it.
  • Tiggy10
    Tiggy10 Posts: 443 Forumite
    Tenth Anniversary Combo Breaker
    well done! Im with you on that one, although im a little way from below the 1000 mark! :)
    Paying it all off in 2017:
    Finance 1- [STRIKE]115[/STRIKE] Paid Jan 2017
    Finance 2- 335
    CC - [STRIKE]2000[/STRIKE]1800
    OD 1 - [STRIKE]2200[/STRIKE] 1850
    OD 2 - 2500
  • CH27
    CH27 Posts: 5,531 Forumite
    Well done :T
    Try to be a rainbow in someone's cloud.
  • curlytop12
    curlytop12 Posts: 1,229 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    its a lovely feeling isnt it?well done,keep up the good work:)
  • Angel84
    Angel84 Posts: 64 Forumite
    :TIt does feel good. I think now I know I can cope without the 'safety net' that I'll want to keep reducing it. I hate seeing the minus number everytime I go to the bank. I just want to see positive numbers!!! Thanks for all the replies though! This is why I love this website! The encouragement is great and keeps me strong!
    Don't be 'Good' - Be 'Amazing'
  • Wimbledonpark
    Wimbledonpark Posts: 71 Forumite
    Part of the Furniture Combo Breaker
    well done xx
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