need to pay my Brother

saverram

Hi,
i need advice.

i need to pay my brother who is in USA. He never asks for me to pay but i would like to pay him at my earliest. please advice whether it is good time to buy Dollars and save some money in dollars. i do have personal loan and credit cards which i can clear comfortably by end of this year. please suggest whether i have to buy dollars and save or pay off my debts, i am just planning so if i start paying to him i will be more disciplane and i can clear some time. i would like to start paying him.....

please suggest whether to start paying him or clear off all my debts.


your advice is appreciated.

Thanks in advance
saverram

mountainofdebt

if I were your brother I would be happier for you to clear your debts first (on which I guess you're paying interest) than pay me back the money you owe.

If it would you feel better you could set up a standing order so that each month a token amount is saved for the purposes of paying back your brother but as I said I would concentrate on paying your debts first.

btw how did you plan to give him the money when you had eventually saved enough?

saverram

Hi

thanks very much for your advice. i think i will start saving a bit from now.


Saverram

ms_london

Sorry, your post wasnt very clear. You owe your brother money? Has he said he needs/wants it all back or is he asking you to repay him in installments? Pop over to the debt free wannabe board if you want some help with your budget/debts.. You'll probably have to pay a charge every time you transfer some money to your bro - not sure if there is another way around this, could you pay the money into a UK bank account (if he has one) - saves you footing the charge every time you send money....

Penny-Pincher!!

What about Paypal?

PP
xx

mountainofdebt

What about an account where you can make a deposit in one currency and have the choice of withdrawing it in different currencies. I've had a quick look and a number of the banks do such an account. I'm not saying that they are perfect but may be a solution to the problem of getting the money eventually to you brother.