£26 a week - is it possible????

Alias_Omega

Just make sure you have nights out, nights in, nights out with friends etc and treat yourself, otherwise you will run yourself down, then give up on the saving side of things.

The aim is to get debt free, not attempt to get debt free, then 2 months later give up as your sick of not going out.

duchy

I moved out to buy outright so I have a tiny little house with a huge garden in Medway but no mortgage-just a spend not save personality
I was going to move even further out but realised in time I need to be within reach of London and civilisation !! So I do understand the zone 2 thing !
Holiday sounds fab -I managed New York and Cleveland with little spends this month and had a FAB time-totally bargain holiday all around as the ex gave me enough frequent flyer miles to get to New York. Flights (well the taxes) and 5 nights of big name hotels all for under three hundred quid-was dead chuffed with my MSE jaunt.

newmum1

Remember:
* Money makes friends and breaks friends
*Dont lend what you cant afford to lose

* I learnt the hard way and now dont have many friends

Seaxwyn

Ah Greenwich Girl what a horrible situation! I can't begin to imagine the stress. You poor thing, I really hope you can sort it out on 16 Oct.

Meanwhile, one tiny detail, you mention a pre-agreed loan at 8% but there are lots around at 6.5%. I've just got one with Sainsbury's Bank and the fees for early payment are 58 days interest.

Good luck with it all - I'll follow this saga with interest and send oodles of sympathy and good vibes your way.

gilly1964

daphne67 wrote: »

Hi guys,

Oh god i so want to get rid of my overdraft. it is £1450, and at its limit. i have 10 days till payday. i am with abbey, and they are crap, i have just opened an account with allience and leicester with the hope that i could start again and set up a dd to abbey to pay off my o/d! i suppose that is out of the question. in the past i have taken out loans to pay them off and of course the o/d gradually crept up again. i live on my own, earn less than my o/d and don't go out!

how do i go about paying it off gradually? do i try and reduce the o/d by £50 every 2 months. oh god christmas is coming and i am going to have to say the same to everyone as last year"don't buy me anything, cos i can't afford to buy you anything"! any suggestions?

daphne x

I used to work for abbey and the T&C's of your overdraft would have said that the OD is subject to your salary being paid in, or something similar I can't remember exactly.

You really do need to check this as it sounds like the last thing you need is for abbey to recall the OD as you are not meeting the T&Cs.

Gilly

tyllwyd

Not much help, but I think the legal term you are thinking of is 'lien' in case you want to google it.

Penny2myName

Just caught up on this thread, and sounds like overall you managed to survive the month from hell. Things sound alot more promising this month, and I would do the divide by 31 days your £350, trick which crown suggested for you last month. Any left over each day can go aside for a treat at end of week/month. Plus keeps you in the habit of living within a budget.

beanielou

You've got £11.29 a day~does that seem do-able to you then?

PasturesNew

greenwichgirl wrote: »

plus the 20 quid just leant him for the weekend

If your daily budget is £3.60, only take £3 out with you. You can take one secret £20 which you completely hide to be used in dire emergencies (i.e. if you find yourself unexpectedly on the wrong side of town and you have to get a taxi home or you'll be murdered)..... with ONLY £3 in your purse, which you can show people, with only £3 on you, which you empty out into your hand in front of them ... people can't borrow from you!

Never take out of the house more money that day than you NEED.

If I am going out for drinks, I take £5 out. If I am going out for drinks and think there might be food involved, I take £10 out. You can only spend what you have that way. And showing people your money is your Guarantee Card that you won't be coerced into spending more.

PasturesNew

greenwichgirl wrote: »

leaving me £350 spends for groceries, going out, oyster, etc etc. All bills are accounted for.

Hurrah! That's loads then!
Minted.