3 Ways To Clear Your Overdraft
Episode description
In this episode of the Mind Money Soul podcast I am going to be talking about 3 steps that you can take to clear your overdraft.
It is really easy to become a prisoner to your overdraft. Hidden by your bank account, an overdraft is not a separate financial product and therefore it is easy to forget that it is actually debt. Whether you are a seasoned overdraft user or only recently taking advantage of the product, you have the skills to get out of your overdraft once and for all.
It is important to reframe the way that you view your overdraft so that you can actually start to save and work towards your financial goals.
In this episode:
- Why a spending plan or budget will be essential in helping you ditch the overdraft
- How a separate account can be a key asset
- Using compound interest and savings to achieve your goal
- Additional borrowing that may help you to create a structure
- Identifying the emotional spending triggers to improve your money mindset
🎙️ Your host: Laura Ann Moore
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