To ask how much do you have in your bank account on payday?

[coffeeforone]

And has this position changed since 10 years ago?

10 years ago age 25 - I had an overdraft facility the size of my monthly salary (£1200) that would be maxed out by payday and I would be happy to go back to zero each month. I'd be very excited if I had hundreds on pay day. I didn't care about being overdrawn and would max out my overdraft even to buy things like clothes etc.

Today age 35 - I have money left before payday, i'd panic more if I ever risk going overdrawn, and my bank balance on payday is at least the amount of my pay. (If I think I'm going to go overdrawn I wouldn't buy a new pair of shoes - 10 years ago I wouldn't hesitate)

Have times changed in that people are more likely to not go overdrawn, or is it just my financial position and attitude to money has got better?

About 2k
I am old though

On payday i have about £800 then the next day my bills go out and ìm left with about £2 by the end of the month.

None as I put any spare in a savings account rather than leave in my current account.
But yes I remember those days when payday just meant that your overdraft went down for a day!

I think people would be mad to go overdrawn now banks are charging 40%!
10 years older you are probably wiser financially.

That would depend... A lot of people are paid on the last working day of the month, and their mortgage and other bills come out of the account the next day, so for 24 hours they might have a decent balance.

Others are paid mid month, so by the last day of the month they might still have a decent amount of money, but a fortnight later they might have maxed their overdraft...

Think it's your age and attitude that have changed OP 😊

I've personally never been overdrawn, not even as a student when had a free overdraft.

On payday have a few £k on my account before direct debits for bills & mortgage and standing orders for savings accounts knock it down.

Before my pay goes in around a thousand, I need a cushion because my mortgage goes out before my spousal maintenance comes in

I personally have more than one account...
One account is used for bills, mortgage, TV, broadband, mobile etc...
Second account for grocery shopping etc
Third account for savings...

When I was younger my "savings" account was continually "dipped into" for whatever I saw and wanted and pretty much had a nil balance month to month...

Now I have savings!

£4K? I have a savings account though. But I too am old. Worked for 26 years since finishing my post-grad.

You've just grown up op. I've only ever been od once, when paying for my wedding, but I was brought up to be careful with money, and so was dh. We have a scruffy house but always money in the bank.

10 years ago I was receiving tax credits and worked part time but overall my income was roughly the same as it is now - the difference being that I work full time now so its all wages as opposed to WTC/CTC.

Still live payday to payday and due to horrendous financial decisions and abuse in my younger years, I couldn't get credit now even if I wanted to.

Over £12k as it's also my savings account, 10 yrs ago was very different however, we had a little savings but hemorrhaging money on the credit cards and balance transfers as DH had lost his job and I was pt. Haven't used the OD in around 15yrs, it was a pita to repay.

I never go into credit even when I get money go in.

My credit is shit so I'm not allowed an overdraft. Usually down to a couple of quid just before work payday. Unless it's the time of year when it's student loan payday, then we do OK ( fans self with £20s then immediately pays overdue bills )

£1800 but again I am old

I get 2100 paid in. The night before any leftover cash goes into savings. No overdraft.

10 years ago, I was on about half of what I earn trying to keep a roof over my head up to my eyeballs in debt.

At the moment it's usually about 10 of 20 quid but I'm paying off loads of debt atm. I'm hopeful that once thats sorted, I'm aiming to always have a "spare" £1000 in my main current account just in case.

Always end up in my overdraft which is something that I’ve been working on. I never had one until a year ago and now I always end up in it.
This year is the year that I will get out and stay out of it! (Not this month though, I’m already on minus 33 pence and have a week and a half to go sadly).

I’ve never overdrawn. Y entire adult life my goal has been a padding of 1k in my main account. As I have aged, I have simply added more to the savings account.

My pay plus £0-100.

10 years ago, I think I still had my student overdraft, so minus a couple grand. 5 years ago I was better off, since then it's driving and having a car that have killed my finances. I manage to generally stay out of my overdraft, but barely make ends meet, and debts are rising due to dental bills.

Few £k, never had an overdraft, below 30.

Forgot to add - 10 years ago I was on maternity leave living off £700 a month with a mortgage to pay, feeding ourselves off credit cards, hence the terrible credit rating these days! Older and wiser now, paying it off then hoping to build up 6 months expenses cushion.

2.5k then all the bills go out - I tend to go overdrawn a week or so before pay goes in

A couple of thousand. But I’m old too.
I’ve never used an overdraft except in emergencies and then only for a very short period. The one good thing I learned from my mother is to live within my means. I’m happy not to buy myself anything but essentials. It feels better to me to have money in the bank and not to be paying interest.

I empty my bank account the night my pay goes in - move all left overs into savings.

I haven’t had an overdraft in about ten years.