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?

£0-£100 depending on how much I've spent that month. On payday I transfer all but £1,000 into savings. This should cover all my standard monthly expenditure.

I can access my savings at any time to pay for big items like holidays.

I get paid on the last working day of the month so the 31st January and then all my bills and standing orders etc come out on the 1st so for a veery short few hours I have about £1700

overdrawn every month. But i have a savings account with a few k in.

I refuse to use my savings to pay my overdraft off, slippery slope. Did that in my 20's!

Im worse off now though, taken a 50% pay decrease due to childcare, part time job instead of full time (not forever)!, but such as life. Im happier now though

I think people would be mad to go overdrawn now banks are charging 40%!
That’s an annual apr for most people they will pay less not more in charges.

Pretty much zero. Single income. Can't get overdrawn I don't have an overdraft.

@PhoneLock ah that’s a shame!

Pre baby a lot, post baby and with mat leave debt about a tenner plus pay sometimes minus. But I have a savings account as well.

Close to zero, of it looks like we are in danger of going overdrawn then I transfer money from savings.
We dont like to have more money than is needed in a current account as I'd be concerned that if a card got stolen they could access it.

Not as much as I would like. It fluctuates as DP is commission based so good months we have more bad months can be in overdraft

OP, there are people living in austerity, and you come on here to brag that you have as much as your wage in your account whenever you're paid?

@Broken2020 apologies if I offended you, that wasn't my intention. I was just thinking back to 10 years ago how irresponsible I was with my money (everyone around me seemed to be too back then) and wondered if times have changed and people are more careful now generally and less likely to be overdrawn.

In hindsight I probably should have posted along the lines of 'would you get into debt to buy a pair of shoes if you simply wanted (didn't need) them, and did you still think the same 10 years ago'

But I was thinking in terms of using my overdraft or not, so that's how my post came across.

Thanks for all the responses!

The week before payday I work out what I need for the week and sweep the rest into savings so I'm not tempted to blow it on un-needed stuff. I like to keep a buffer that I transfer out on payday.