25k debt to 50k in the bank in 10 months

People make New Years resolutions for fun. I’ve stuck to mine when it was clear I had no other choice. It was 6:30pm on New Years Eve 2006 and I logged onto my bank online to see how much I could spend at the New Years Eve party at the Middlesbrough working mans club, with my friends and family.

I got a shock. It told me that I was over my over-draft limit and so I had no cash available. The worrying thing was that my next pay cheque wouldn’t arrive until the end of January and I still had rent and other bills to pay well before then.

Fortunately my Shop Codes site reported excellent traffic and sales from October and so my business bank account had a few thousand sat in it. I transferred some money over as emergency cover and then set about to rebuild my finances.