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What do stoozers do with the money they gain?
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smartsaver
Posts: 968 Forumite
in Credit cards
Hi guys and gals
This is purely for interest. Wondered what everyone did with the interest earned from stoozing? Do you buy something special, use for xmas, pay off mortgage ...etc
Look forward to hearing...
This is purely for interest. Wondered what everyone did with the interest earned from stoozing? Do you buy something special, use for xmas, pay off mortgage ...etc
Look forward to hearing...
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Comments
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Well I ain't actually got any Stoozed money YET
But I know what I'm gonna do - I'm gonna totally waste it and buy anything and everything I can.
It's FREE money after all ;D0 -
Im still deciding, but i am keeping it all seperate from other money ATM
And I enjoying thinking about what it is going to be spent on
Things that have crossed my mind
Put it into my mortgage at the next opportunity
Put it into my pension fund
I guess thats it... pretty boring hey?
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Put it towards the cost of the ongoing loft conversion.
But I won't see it until next June -- it's in the cahoot [closed]"Limited Edition" savings a/c & the interest won't be credited until the end of 12 months [I think]...
So it'll be a 'payback' after the loft is finishedExpect the worst & hope for the best...0 -
Buy more Victorian China Fairings...............................I have put my clock back....... Kcolc ym0
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I won't do anything with it. The money will make more interest until there comes a point when I might NEED the money for something.
Having the money there as security is important because there comes a day when we are all a little short of cash when we need to spend it on something important.0 -
My stoozed earnings get aborbed into my savings pool.
My aim is to get to a point where I earn more in interest a month than I spend. So my whole salary is surplus and goes straight into savings. Not there yet, but getting closer !0 -
My stoozed earnings get aborbed into my savings pool.
My aim is to get to a point where I earn more in interest a month than I spend. So my whole salary is surplus and goes straight into savings. Not there yet, but getting closer !
Good plan. Its good to have your money working for you rather than you for it ;D0 -
Deemy - That's the exact situation I'd like to be in....
...maybe 'one day' :-/0 -
I like it Deemy
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I paid my cash against my flexi mortgage - I'm currently saving approximately £200 a month in interest as a result.
As my partner's just applied (and been approved) for 2 new cards, we'll be saving even more from next month!!
We're also paying off a car on 0% too which saves us approx £100 a month in interest. This will be paid off in 12 months time and has only cost us a total of £70 in interest (i.e. the first month while I was waiting for the initial cards to come through).
I LOVE STOOZING!! ;DMortgage Feb 2001 - £129,000
Mortgage July 2007 - £0
Original Mortgage Termination Date - Nov 2018
Mortgage Interest saved - £63790.60
ISA Profit since Jan 1st 2015 - 98.2% (updated 1 Dec 2020)0
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