So since I’ve been on Monzo I have thrown myself into this community and it’s now a part of my daily routine to check this site at lunch. On the basis that this is such a close community, I want to share some financial news that has made me exceptionally happy!!
I got a big win today on the financial front. At the age of 32, I have not been out of my overdraft since starting at uni in 2004/05. The worst it got was when I was £1,500 in and I know it’s not much, but for 5 years after being out of Uni I was working in minimum pay jobs and struggling to support myself never mind pay off debts.
Then I got married, only then did I get a decent paid job, then had another child, then got a house…and slowly overtime I chipped away at that overdraft. Sometimes I shifted some if it, other times I managed to pay bits off.
But today, I FINALLY PAID IT OFF!!!
14 years of seeing negative numbers after all my expenditure coming out, 14 years of frustration, 14 years of feeling that I felt I couldn’t reward myself yet and then giving up because of how depressing it was seeing that red number and repeating the vicious cycle.
It feels great!! Granted the last of it was shifted as part of a debt consolidation process, but I’ve now got until 2021 to pay it (and other debts) off interest free.
I know that this isn’t exactly Monzo related, but the tools provided by Monzo has helped me push it over the line!!
Thanks for reading! Today is a great day!!!