Hello everyone, long time lurker here. I have been trying to get my finances in shape but seem to fall back into my overdraft each month. My BF feels that I'm too tight and this is why I fail, however I feel without peer pressure it would be ok...but I'm so weak!
I'd really appreciate a few opinions on my financial breakdown - and any suggestions!
Bit of background - I have no dependants, owe £3000 on a CC (one large purchase, 0% until end of next year) and £4500 on a graduate loan at 3.7%.
Of my £1300 monthly take home I budget:
£200 Direct Debits (Netflix, Spotify, Phone, Credit Card, travel pass)
£200 household bills
£200 easy access saving (for holidays and xmas)
£50 longterm savings (rainy day)
£200 Graduate loan repayment
£150 Additional CC payment (Standing order)
£300 'pocket money' (includes clothes, groceries, nights/days out etc).
I have a small overdraft of £250 on my pocket money account which I go into monthly, but I feel I'm always playing catch up after paying the previous month's overdraft. I've tried to reset this by paying it off instead of putting in savings, but then I use it again as have nothing for emergencies!
I wish I could just have one super frugal month, but have tried that this month and BF has just booked us onto two trips (I did agree, under pressure, one of them I really want to go on), my contribution is at least £100 per trip so that's me stuffed, again! I planned to pay for one with savings, but with both I'm back to 0 savings.
It's so frustrating!
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23 replies
Sillyjelly · 14/03/2017 14:32
OP posts:
Afterthestorm ·
14/03/2017 18:04
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