The 'I want it NOW!!' debt/savings thread

Aussieonabudget

Nicholette - what are the early repayment fees for your car loan? You need to compare that with how much interest you will save if you pay it off early instead of letting it run its course.

I'm not sure if this is a reasonable option, but what if you paid it off your overdrafts so that you get the psychological benefit of seeing the overdraft come down, and then when you had enough, pay the car off from your overdraft? This would probably not be the most profitable way of doing it as you would miss out on the interest from the ISA but if you feel that you need the psychological help this may be a middle ground? I don't like the idea of taking any money out of ISAs but if you aren't going to get to your £3600 then I suppose it isn't too bad.

The main thing is that you do what you feel is going to be best for YOU in the long term - if that is by gettting the psychological boost of paying off the overdraft then that's your best way forward.

Sorry if that doesnt make much sense! Good luck making the decision though!
Aussie

Aussieonabudget

Oh, I forgot to mention - we paid off the credit card yesterday. Got bond back from the previous landlord (only 2/3 of what we were expecting so I'm fuming but at least it was enough to repay the CC). DFD 12th Sept!

Very proud of us!!!! Probably only going to last until the end of this month but we can enjoy it while it lasts!

lilmissmup

Woohoooo well done, i hope you can try keep out of debt

lilmissmup

Where are you all? I am lonely lol.

Think i am going to put the bottle of wine my dad won at a raffle for me in the fridge and spend the night looking for money, quanti have a £20 cashback offer if you open a capital one savings account so going to look into that.

EDIT: Oh you have to put £500 in...maybe not then not yet anyway!

yukkibear

I'm here for a bit, just finished work and back in again all day tomorrow

Having a small glass of wine tonight and maybe a bath

lilmissmup

What job do you do yukki?

yukkibear

Duty manager in a sports centre. Just happens to be my turn this weekend

lilmissmup

I love having weekends off although i work in a charity shop every other Saturday though i find that fun

Sometimes i miss having days off in the week, its easier to do stuff like go the bank and shopping.

lilmissmup

Right just relisted PC on eBay and knocked £15 off buy it now price so its now £85 as that was the best offer i got last time, fingers crossed it sells and to someone who actually wants it!

I wish the smilies were working, i am missing them!

yukkibear

Yeah I see your point there, it's just so quiet at work at the mo and the days drag