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do i borrow or use savings?
loopy_lass
Posts: 1,551 Forumite
in Loans
OK im a bit thick when it comes to money... so ill put this simply...
i need another car, this one is conking out, costing a fortune for one reason & another, using petrol like its going out of fashion, blah blah...
so my dilemma is, do i use some of my savings, and buy a car cash £3k approx, or do i take a loan from where???? and pay it back keeping my savings for an emergency. where is best to go? bank, building soc, credit cards?
i do a 50mile a day drive to work, so need the car...
help?
loops
i need another car, this one is conking out, costing a fortune for one reason & another, using petrol like its going out of fashion, blah blah...
so my dilemma is, do i use some of my savings, and buy a car cash £3k approx, or do i take a loan from where???? and pay it back keeping my savings for an emergency. where is best to go? bank, building soc, credit cards?
i do a 50mile a day drive to work, so need the car...
help?
loops
THE CHAINS OF HABIT ARE TOO WEAK TO BE FELT UNTIL THEY ARE TOO STRONG TO BE BROKEN... :A
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Comments
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in general ..if savings earn less (i.e AER ) than debt (i.e. APR) then use savings.. otherwise borrrow
so usually use savings rather than borowEU tariff on agricultual product 12.2%
some dairy products 42.1% cloths 11.4%
EU Clinical Trials Directive stops medical advances0 -
savings are only attracting 1% as they are in a low interest account, cant really move them as it needs my partners signature also, and he doesnt know ive added to the amount over the years.... so leaving it in low interest account.... does that make sense? he would spend the lot if he knew
loopsTHE CHAINS OF HABIT ARE TOO WEAK TO BE FELT UNTIL THEY ARE TOO STRONG TO BE BROKEN... :A0 -
no idea what your saying
don't really understand why anyone has an a/c paying only 1% or one that requires both to sign
why don't you open a new a/c ?EU tariff on agricultual product 12.2%
some dairy products 42.1% cloths 11.4%
EU Clinical Trials Directive stops medical advances0 -
cos he will find out and spend it....
its ok, ill withdraw some cash and buy car, tell him i got loan off uncle...
loopsTHE CHAINS OF HABIT ARE TOO WEAK TO BE FELT UNTIL THEY ARE TOO STRONG TO BE BROKEN... :A0 -
Er sounds like you need to get a savings account in your OWN name!!!Kavanne
Nuns! Nuns! Reverse!
'I do my job, do you do yours?'0
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