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Christmas money dilemma!

245

Comments

  • searching_me
    searching_me Posts: 18,414 Forumite
    to be honest i would use £10 to buy a treat and the rest on debts but as i didnt get anything today dont think it really includes me :) x
    :)Still searching .....:)
  • pania
    pania Posts: 8,258 Forumite
    Awww hugs hon, you can have a tenner of it then... ;)
    debt @05/11/11 £12210.63!! slowly chipping away!!
    :heart2:impossible is nothing.:heart2:
  • searching_me
    searching_me Posts: 18,414 Forumite
    thank you its ok i used my money to treat my DD seeing her face getting the one thing shes been asking for for 6 months is worth so much more ... and the photo i took just as she opened it is priceless...
    we try so hard to be dfw so although we do have the debts and yes we should pay them that money is a gift so i say a little treat wont hurt... even if it is just a box of tea bags (good ones) and a packet of biccys :D x
    :)Still searching .....:)
  • In_Search_Of_Me
    In_Search_Of_Me Posts: 10,634 Forumite
    Not wanting to be a nag...Need. Want. meanwhile eat chocolate! am finishing off some yummy choc mints that santa donated to the tummy fund!
    Nerd no 109 Long haulers supporters DFW #1! Even in the darkest moments, love and hope are always possible.

  • DON79
    DON79 Posts: 3,842 Forumite
    Couldn't you split it 50/50? Half to the debt and half in the savings pot. then get saving up all your spare bits of change etc etc to bring it back up to the right amount to get the SLR camera? If you saved lots of change, I bet you would have the money back before the summer and could get the camera and then keep parents happy too by producing the said camera?
    BSC #215/No.1 Jan 09 Club
  • pania
    pania Posts: 8,258 Forumite
    hmmm, another option to be considered thanks Don, problem is every single spare penny will be off to the debt pot! i have 21k to clear... :eek:
    debt @05/11/11 £12210.63!! slowly chipping away!!
    :heart2:impossible is nothing.:heart2:
  • ZTD
    ZTD Posts: 24,327 Forumite
    From an accounting point of view, paying off the debt is like saving with an interest rate equal to the interest rate of the debt... (and tax free too)
    "Follow the money!" - Deepthroat (AKA William Mark Felt Sr - Associate Director of the FBI)
    "We were born and raised in a summer haze." Adele 'Someone like you.'
    "Blowing your mind, 'cause you know what you'll find, when you're looking for things in the sky."     OMD 'Julia's Song'
  • pania
    pania Posts: 8,258 Forumite
    PS, Hi ISOM, long time no skypy chat must do sooooon!!! :D
    debt @05/11/11 £12210.63!! slowly chipping away!!
    :heart2:impossible is nothing.:heart2:
  • pania
    pania Posts: 8,258 Forumite
    ZTD wrote: »
    From an accounting point of view, paying off the debt is like saving with an interest rate equal to the interest rate of the debt... (and tax free too)

    Hmmm, debt is interest free .....;) so would earn more saving it but my debt won't come down...:o
    debt @05/11/11 £12210.63!! slowly chipping away!!
    :heart2:impossible is nothing.:heart2:
  • ZTD
    ZTD Posts: 24,327 Forumite
    pania wrote: »
    Hmmm, debt is interest free .....;) so would earn more saving it but my debt won't come down...:o

    Then save it - your debt will come down by the interest rate you get from your savings. Total debt is always a nett amount...
    "Follow the money!" - Deepthroat (AKA William Mark Felt Sr - Associate Director of the FBI)
    "We were born and raised in a summer haze." Adele 'Someone like you.'
    "Blowing your mind, 'cause you know what you'll find, when you're looking for things in the sky."     OMD 'Julia's Song'
This discussion has been closed.
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