Fresh Start At Fox Towers.

foxgloves

We did keep an overdraft facility after we'd paid it off & decided to remain debt-free, but only a small one of £200. The only time in 16 years we have dipped into it was years ago when we had a tight month. We had budgeted it as usual & expected to be able to manage but my partner's travel expenses did not get paid because someone forgot to approve them before they went on leave. We were glad of that modest overdraft facility to get a couple of late DDs paid. We have never had occasion to use it since then. Since becoming debt-free, I don't need to dip into it at all because I budget but I still keep it just in case. I had a mostly unofficial overdraft for 24 years back in the day 😱. So much easier to budget once it had been paid off & all our wages then became our own to allocate.

ET22

Me too. I have 500 pound overdraft facility and haven't used it for a long time but i keep the facility anyway in case of a real emergency. It also deonstrates to myself i'm budgeting properly by the fact i don't need to use it anymore