stuck in a vicious circle

Skint_JoJo

I'm currently stuck in a vicious curcle of money trouble, I am a freelance designer and outdoor instructor and work as much as I can. I have several bank accounts all of which are maxed in the overdraft... each month I have money payed into them and as quickly as it goes in it comes out... I have to pay rent, food and petrol and have cut down on all none essentials.
The amounts I'm overdrawn in my account just seem to increase and I feel I have no way out.
I've got good credit, never had any loans or store cards, I've not got any loans. but I have a total of £4700 in overdrafts and feel its not going to end well...... I need help!!!

SJ1

It might be worth posting a statement of affairs - there are links to how to do this on the first page stickies. When I started this I went through every line of the costs on my statement - so direct debits, go through each one and examine whether you need it and if the answer is yes it is something that you need then you need to figure out if you can get it cheaper - the main site is very good here.

It's also worth looking at all of your outgoings so I switched to cash only and wrote down everthing that I spend and that helped me too. I spend loads on food and it creeps back if I don't keep an eye on it. Basically it does take time but it does work and you have a clear idea of where it all goes which is something that has takne me years, I am not naturally good with money.

SJ