Hi Hugo, don’t mind at all.
I think the first thing I should state is that I treated my overdraft like another debt. So I opened my Monzo account and manually moved everything across, with the exception of my overdraft, and treated my Nationwide account with the overdraft as a Credit Card.
(Should point out here, Nationwide have a deal whereby you get your overdraft for 12 months interest free, so I took advantage of that too)
Using Monzo, I generally set up different pots. All my bills (including Credit Card payments) are paid out of a joint account so a set amount go out to that and then I place the money into different pots, ie Food, Petrol, Christmas, Birthdays, Holidays etc. And before a weekly food shop for example I move the money from the pot into the main account, then put any left over back straight away. The ease of being able to do this has meant that I don’t spend money set aside for the weekly food shop on something it should not.
Anything that is then left, I used to pay off my overdraft. Every £100 I would reduce the overdraft limit down to that point so I couldn’t go over.
I was getting to a point where I was struggling to pay off my credit cards before the interest is due. So I managed to get approved for another credit card which I’ve used to consolidate all my debt onto and that has included my overdraft.
I then immediately closed the overdraft facility
One thing I do like is the categories (although they should be more defined) based on the transactions, I know I have spent too much on eating out. That has helped me target where I may be overspending and those savings have gone towards debt.