We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

No Overdraft !!!! YES YES YESssss!!!

Today is a momentus day for me. :DSince i had my lightbulb moment last Sept i have ben working at clearing my overdraft by doing lots and lots of overtime. Today for the first time in nearly 2½ years my bank account IS NOT IN THE RED !!!!!!:j. Added to this there is only 4 payment left on my Barclayloan im starting to believe that 2007 is gonna be the start of something good.

After that its only one more debt to clear.
Lightbulb Moment :idea: Sept 2006

Proud to be dealing with my debts.

Official DFW Nerd No. 254

Debt Free prediction 14/11/09 ( DEBT FREE 27/09/09
)
Sealed Pot challenge No 664
«1

Comments

  • leebarton
    leebarton Posts: 250 Forumite
    Congratulations and well done.

    Don't it feel good!:j
    First Direct Loan @ 7.9% £13,076.03/£20,250
    Mint CC @ 18.9% £3030.29/£3100 Virgin CC @ 34.9% £651.46/£2700 Tesco CC @ 0% 1366/1500

    Proud to be dealing with my debts :D - Official DFW Nerd No. 250
  • CarolnMalky
    CarolnMalky Posts: 14,254 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Well done Bambi :T:T
    If you obey all the rules...you miss all the fun!! Katherine Hepburn
  • Well Done :T

    Next step is to go a whole month without dipping into the overdraft.
  • well done, it feels so good doesn't it!:beer:
  • doorstep
    doorstep Posts: 192 Forumite
    That's brilliant!

    I'm trying to do the same - why is it so easy to take it, but so hard to put it back:confused:
  • tryhard_2
    tryhard_2 Posts: 348 Forumite
    congratulations!
    TH
  • Imelda
    Imelda Posts: 1,402 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Well Done!

    For me not having an overdraft was a real boost, before I would think that another £10 wouldn't matter but now I am so loathe to go overdrawn I would rather go without.

    Now cancel/ reduce the overdraft so you're not tempted again......
    Saving for an early retirement!
  • hbl_2
    hbl_2 Posts: 391 Forumite
    Props!

    I've managed to pay £1000 off my overdraft, but the rest is interest free, so shall keep that a while longer...
    Student Loan Company Ltd: 17,805 (2.8%) Overdraft: 500 (Interest free)
    Savings: £5,100
    - Target by end of 2008 £5,000+
    Net Worth
    1/7/06: -£32,698 -- Net Worth 25/8/08: -£13,350.
  • tiff
    tiff Posts: 6,608 Forumite
    Part of the Furniture Combo Breaker Savvy Shopper!
    I'm on track to clear £1000 of my overdraft from my second job, and hopefully will get reclaimed bank charges around £985 which will clear our overdraft completely. I cant wait as going by the bank statements we seem to have been overdrawn for most of the last 5 or 6 years. It always used to be depressing spending large amounts of money because we didnt know if we could afford it as we never kept track of money. Now, it will be a pleasure to spend when we know we have money in the bank. Cant wait for that day!

    Well done you. :)
    “A budget is telling your money where to go instead of wondering where it went.” - Dave Ramsey
  • Well done! :beer:

    Keep up the good work!
    Total debt £3625.07. :o
    Goals: 1.) DFD December 2008 (snowball) / October 2008 (me:o ) 2.) Salary £30kpa (currently £26450pa) 3.) Slim down to 55kg (currently 68kg :( ) 4.) Start stoozing :j
    I do not NEED that DVD Tough love club Member #1
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.3K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.3K Work, Benefits & Business
  • 601.1K Mortgages, Homes & Bills
  • 177.6K Life & Family
  • 259.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.