If payday is Monday?…

[Loveduppenguin]

How much have you got left in your current account? If payday is Monday? I think I’m doing quite well with 141.36 😅
Single parent trying hard to save more so I’m thrilled 🙌🙌

All my dd’s come out in the first few days after payday. This wouldn’t happen me at all.

Thank you @Loveduppenguin !

Also thank you for the thread! 😁

I'm paid on the first and my dds come out on the third to fifth depending on what they are. Problem has arisen when the 1st falls on a Saturday and funds therefore go in on the Monday after dds come out automatically. That's why i have an overdraft. Insurance policy essentially!

My current account if frequently that low because everything is very finely balanced I am afraid.

23p, payday not for another 8 days. That's with borrowing £20 from my mum to get some food in.

Having to be very creative. Husband also stopping at his sisters to save fuel commuting 120 miles a day. Been a really tough few months since he lost his good job. I can't get any more hours and eldest isn't fully qualified till June.

Proper crap at the minute.

Usually v little. And if payday was Monday I'd be hoping any weekend spending wouldn't hit my bank till Monday.....

Does this still work really? So I could order a takeaway meal a few days before payday without enough funds in the bank and it will go through?

54p till the 7th

Both me and DH are paid weekly

Currently under £5 in our account as spare money for the week because all my other money is in pots ready to pay the bills

My payday isn’t until the end of the month (31st) and currently we have just under £1700 in our joint (and only) account. It’s the start of 3.5 weeks of Easter hols on Friday though, and I’ll probably spend another £150 in shopping and £100 in diesel, plus some extra funds for DS1 who is going on another skiing holiday in a week (with school this time). It’s unusual for us to finish the month with more than £1000 - mostly we have somewhere between £200 and £500 left.

This is really refreshing, I have mum guilt to think how £32 will see us by but it’s nice to see it’s not just me that struggles xx

Minus £1700, so not great. Have been in overdraft for the last 4 months and can't even bear to check how much that's cost me.

more than one account - there’s £100 ish in each coop account, 3.5k in my Halifax - my Monzo has £400 but out of that I need ‘bits of shopping’, petrol, the cleaner is £36 and my trainer is £150 for 4 weeks. I think the family allowance of about £180 is due this week into one of the coop accounts. I get paid Friday (Which is just shy of 3.5k) dp gets paid on 15th (as do I from another job which is another 4ish?!) we are v lucky -and this is a far cry from the high mortgage / one income decade because we couldn’t afford childcare and my youngest was unwell. Sorry to everyone struggling - I cannot look a fucking chickpea in the eye because we ate so many of them during the shit, skint times. Solidarity.

2957 paid in this morning…1400 out straight away for rent 😭🤣 I love being a grown up…

My £4500 cost me £100 per month in fees. I shudder to think how much I paid in fees over the years - I was living at the top of this overdraft for years and years. Overdrafts are just about the most expensive kind of borrowing around! like 35% apr

Oh god that’s an awful lot of interest 😢

yeah I know, right? It built up during COVID thanks to my employer running out of money essentially. It's taken me until 2024 to be in a position where I could start clearing it down. Still, it's gone now, never to return hopefully!

Well done for getting rid of it. It’s a lot of interest but I suppose it served you in a time of need and that’s important too.

Well done for getting rid, it's helpful but so expensive.

Hoping to get rid of it by June.

Did he not have any redundancy money and/or claim Universal Credit?

£40 and need to do a food shop, buy bus fares etc.
7 days until pay day.
Overdue bills I can't afford and can't seem to keep my head above the water at the moment, utterly depressing and demoralising when all I seem to do is work and feel tired.

No redundancy, he hadn’t been there long enough and he was only entitled to about £4 a week due UC to his girlfriend’s wage! She takes home about £1600 pcm and their rent is £1100.

£5.47 and don't get paid until the end of next week. Had to pay £600 balance of our holiday as we fly end of May, that was a tough manual payment to make.

About £35 of direct debits to come out and probably £50 of groceries that will just need to go on a credit card.

Two huge loans fall off in July that will free up £525 a month and we can start balancing budgets better and putting into savings. (and paying off a holiday in 2026 for a friend's wedding).

Plus my expenses will soon start to ramp up to about £150-200 a month once my site starts. I drive an EV and the miles will only cost me about £30 on an overnight tariff.

Feel very fortunate to be able to afford holidays but I'm dreading my wife planning our next home project because we just can't afford it right now.

In the past I would consider it good going if I had a tenner in my account at payday.

However I worked on overhauling my financial situation. Took years but now I don’t notice payday and typically have between 500 - 1000 in my current account (and that does not include what I have in savings.)

Oh, I didn't realise he lived with his GF. Am very surprised he wasn't entitled to more UC, particularly bearing in mind his housing costs. I hope he did a benefit calculator to check. At least he has got another job though.

I've just had an unexpected vet bill so am now relying exclusively on my credit card until the 1st. I am lucky enough that I can put money into holiday savings (£250) each month which I try my hardest not to touch so I am going to have to have a bit of a think about that.