What's your opinion? Being overdrawn.....

mintymoneysaver

As you can see from my sig my overdraft is almost gone. I will keep it for an absolute emergency but intend never to use it again.
Our ' bill' account also has an overdraft which sometimes comes in handy if I need petrol on the last day of the month or something but we rarely use that either.

bananakinz

We've got an overdraft as a buffer, it hardly gets used.... its near the end of the month and we are £50 overdrawn ... and I can pinpoint £40. My darling little children were left in the car and they 'played' with the light in the middle and broke it, in turn knackered the electrics on the windows, central locking, mirrors etc.... love them really lol And we've paid out on a full years car tax this month so am really really pleased with that!

newmum1

This time 4 years ago my o/d limit was about £2000 when i was a student, I did really well and got it down to my emergency limit of £200, and begun saving money, then when i needed the deposit for my house i upped it agin as i was a bit short due to lending to another and not getting it back. so i had to put it up again and it now stands at £650 o/d although this post had made me think more of my o/d as being a debt i guess i just take it for granted that it will always be there when in reality it may not be. i wll beging reducing it slowly even if it is by only about £20 or so quid a month or more if i have it, and i will certainly pay more attention to it now.

georgiasmum

Brassick's post is very apt!

This is what worried me about my original conversation with my work pals! I think a small o/d of 100-200 is safe and certainly better than incurring hefty fees for an oversight but being blase about 1000's of £ that you can't repay is worrying. I feel better that I'm not alone! :beer: :beer: :beer: :beer: