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Skint Spice's journey to being less skinty and more spicy
Comments
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I'm thinking of giving up my DF status and getting back into debt:o... I am saving to do this flat up so I can sell it - tis trully awful! But if I got a loan (have been offered one at 8.9%) then I could do it up and enjoy living here until the loan is cleared... mmmm.... still thinking.... Not all debt is bad just bad debt... and I would save up and pay it off in the same amount of time it would take me to save up not that much interest over a year....
any thoughts anyone? is it madness?Mortgage OP 2025 £6250/7000Mortgage OP 2024 £7700/7000
Mortgage balance: £36,210
Money making challenge £38/400
”Do what others won’t early in life so you can do what others can’t later in life” (stolen from Gally Girl)0 -
No I think it is a good idea.
As you say not all debt is bad debt & if it is manageable then I think its fine.I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
One debt remaining. Home improvement loan.0 -
If you can afford the repayments and it will enhance the value of the flat then I say go for it. The interest is a reasonable rate.But these things take time, I know that I'm, the most inept that ever stepped.0
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Repayments & mortgage are still less than the bigger mortgage I was planning to take on next... It won't be on fripperies and fun honest! I'm thinking it will also look less suspicious that I'm moving than if I've completely done it up immediately before putting it on the market too...
Still swithering but think I shall go for it - idea being I take it out over 3 years but pay it off in one....Mortgage OP 2025 £6250/7000Mortgage OP 2024 £7700/7000
Mortgage balance: £36,210
Money making challenge £38/400
”Do what others won’t early in life so you can do what others can’t later in life” (stolen from Gally Girl)0 -
and here I am still swithering:o... never one to rush into things me:D.
Starving today too!Mortgage OP 2025 £6250/7000Mortgage OP 2024 £7700/7000
Mortgage balance: £36,210
Money making challenge £38/400
”Do what others won’t early in life so you can do what others can’t later in life” (stolen from Gally Girl)0 -
What are you like?:rotfl:I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
One debt remaining. Home improvement loan.0 -
What are you like?:rotfl:
:rotfl::o cautious? or just deighted? I hate making decisions!Mortgage OP 2025 £6250/7000Mortgage OP 2024 £7700/7000
Mortgage balance: £36,210
Money making challenge £38/400
”Do what others won’t early in life so you can do what others can’t later in life” (stolen from Gally Girl)0 -
well I had to call the bank about another unrelated matter and couldn't bring myself to ask for a loan:o. Too scared it slows down the saving so will just have to put up with the mess!Mortgage OP 2025 £6250/7000Mortgage OP 2024 £7700/7000
Mortgage balance: £36,210
Money making challenge £38/400
”Do what others won’t early in life so you can do what others can’t later in life” (stolen from Gally Girl)0 -
Hey Skint, just having a catch up. Know the feeling about the house, ours is looking really really scruffy now and we are still about 18 months away before we can even start saving to do it up. Sometimes I think if anyone offered us a loan to do it up I would snap their hand off. Luckily no one would be stupid enough to offer us a loan :rotfl:
Hope you and family are ok and well done on the weight loss xx xxPay Debt by Xmas 16 - 0/12000
There is something about the outside of a horse that is good for the inside of a man.0 -
We are literaly patching up our house so that it doesnt fall down until we clear the mortgage.
There is something in every room that needs doing.
When rooms get really too bad to stand (bathroom was all mouldy and needed a new floor) we set a very low budget (£100 for bathroom) and do our best with that.
We managed to redocorate the bathroom with new flooring and it really has transformed it, the new suite and shower will have to wait:DBut these things take time, I know that I'm, the most inept that ever stepped.0
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