Hoping for a happy Halloween...

Scotgal

Hello this is my first post here but I’ve been reading people’s diaries for a while, and have been really inspired and think this is a great way to keep myself accountable.

I graduated in 2017 and safe to say I definitely enjoyed my student overdraft a little too much and now have a £2000 overdraft to contend with. It is currently interest free until 2020.

Current debt:
£2000 overdraft
£631 credit card

My credit card gets paid off monthly as it is a charge card. This month I spent more than I should have due to the sales.

I earn a decent wage and want to be able to save for my first house without having this overdraft hanging over me.

My aims are to:

-Pay off my credit card at the end of this month and from then on only use it in emergencies, reducing my debt to £2000
-Pay off overdraft by the end of October, on Halloween due to when payday comes
-Following buying Christmas presents in November, I aim to start saving from December onwards

I’ve made a budget and this is all achievable if I stick to it. The reason why I chose October and not sooner is because of other commitments i’ve got such as driving lessons and a holiday (not financially sensible I know but already paid off the majority of this).

I’m going to update this diary each month with how much I’ve paid towards my credit card / overdraft and I really really hope I can post here on 31st October 2019 that I am student overdraft free! :beer:

Can’t wait to follow everyone else’s diaries too :j

pidge04

I love it that you have a target date and that you have made your plan for the whole year...go forth and win this!