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  • FIRST POST
    • seatbeltnoob
    • By seatbeltnoob 26th Jan 18, 6:45 PM
    • 343Posts
    • 80Thanks
    seatbeltnoob
    Hoq to quickly build up a stooze balance
    • #1
    • 26th Jan 18, 6:45 PM
    Hoq to quickly build up a stooze balance 26th Jan 18 at 6:45 PM
    Hi

    I heard about stoozing for a long time now but earning 1.2% savings by stoozing never appealed to me.

    I have a different purpose for it. I find that when I get credit card debts I tend to be highly motivated to pay it off fast. I am also more focused and work hard and do lots of side things to make more money.

    I was thinking of building up a stooze pot and keeping the stoozed money in the bank and using my salary earnings to pay off the 0% cards. having large repayments to meet at end of the month will motivate me to earn more money to pay them off.

    This way I will spend more cautiously and use all free cash to pay the credit card and the stooze pot will effectively be my savings [until the credit cards are paid off].

    I am curious though, how do I quickly build up a balance on my credit cards without doing an expensive money transfer?

    I see some people have stooze pot of £50K. How on earth do you rack these up? In 1yr? Or is it racked up over several years?
Page 1
    • The Urbanite
    • By The Urbanite 26th Jan 18, 9:25 PM
    • 110 Posts
    • 46 Thanks
    The Urbanite
    • #2
    • 26th Jan 18, 9:25 PM
    • #2
    • 26th Jan 18, 9:25 PM
    Manufactured spending can be used to "slow" stooz rapidly - £50k within a month is child's play. Might be worth Googling to find a route that works for you and keeping it to yourself once you do!
    • No_6
    • By No_6 27th Jan 18, 9:32 PM
    • 582 Posts
    • 116 Thanks
    No_6
    • #3
    • 27th Jan 18, 9:32 PM
    • #3
    • 27th Jan 18, 9:32 PM
    You go to get the ferry at the port.
    and it's Gone...long time ago.

    work your way though the thread's
    there is no easy way now.a.days
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