The Bones

[Deleted User]

HairyHandofDartmoor wrote: »

I'm glad you had a good Christmas Purplemum. Was it just you, DH and the DC for Christmas?

I think getting rid of the overdraft sounds like a good idea as overdrafts are expensive.

Yes, just us

I hate the OD, at the beginning of this year it was £2750 I managed to get it to £1700 until a few months ago but had to increase it. So overall not too bad.

lucielle

Just out of curiosity, what's the interest rate on the o/d?
L

jwil

I'd also get rid of the overdraft and close it. It's a big thing psychologically for me knowing that all the money in the bank account is mine (even if it's going straight out to pay other stuff) and also no worry that the bank will suddenly recall it.

enthusiasticsaver

I would get rid of the overdraft and drop the limit right down to £100 just in case of miscalculations. Having that buffer tempts many to use it thinking that is their money. As Jwil says it is better to know all the money in an account belongs to you.

another_casualty

Glad you had a good Christmas pmo2.
Regarding overdrafts and financial life in general , I think that unless people get a regular proper wage there will always be monetary issues
What I find is that in my unskilled line of work , my potential salary has dropped from 2007 to what I hope to get now when I hopefully get back into work . A brief example : when I started temping back in 2007 after my last job which I loved was made redundant, I was getting £10-12 ph . Now, it's around £8.75 . The cost of everything has gone up of course and life is one big struggle .
When discussing my situation to universal credit , they take it for granted that I have an overdraft . I find most banks give overdrafts of £1500 whether you ask for one or not. When I was on a Dmp in 2012 I explained to my new bank that I didn't want an overdraft . They didn't listen . I got one anyway ..with a credit card!
Keeping one £500 or less doesn't seem to be the end of the world until things improve .

Anyway , happy new year !

HairyHandofDartmoor

Happy new year Purplemum _party_

monz

Sorry to hear about the job x

[Deleted User]

Happy New Year

So December's pay came in and went out and I didn't hit my target after all that but came close, so that'll do me.

As for the OD, I don't know what the interest rate is but it's with Lloyds.

Back at work and brought my lunch with me today, I'm aiming to hit my target this month.

I have signed up to 10 NSD's but hoping for more.

I am also doing dry January, after all the booze in December I need it :rotfl:

25 days until payday.

DH was back at the doctors on Monday as he had another bad pain in his chest. Talking to the Doctor, DH's Cholesterol is good, his blood pressure isn't high and he doesn't have a heart problem as the angiogram was clear.....doctor suggested a course of antacids as he and the hospital thinks it's his ausophigus (sp?) that's inflamed and causing all the pain and this should fix it

I've been back at the gym four times already and DH want's to go tonight.

Things coming up in January

DH's birthday
My haircut
Kids are back at school :j

Honeysucklelou2

Lloyds changed not long ago to charging daily for overdrafts so it's not always clear to see what the interest rate is. I find it can be quite deceptive to think it's only a small daily rate e.g. 7p but had a shock on the spending tracker to see how that had built up over a month.

Haylen8

Hello

Martin lewis put on here 2/3 weeks ago a way to get a refund from all overdrafts, did you not apply to the bank?