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£500
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borders_dude
Posts: 1,974 Forumite
Should i use it to get me started to earning more cash, or should i pay it towards my credit card balance(currently at £1800).
Ideas and thoughts welcome
Ideas and thoughts welcome
When dealing with the CSA its important to note that it is commonly accepted as unfit for purpose, and by default this also means the staff are unfit for purpose.
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How much do you spend each month? I'm just thinking that it might be worth reducing the card balance by £500 then do all your spending for the month on the card. If you use your wages to pay off some of the old balance after a couple of months once it has started rolling you should be able to use your wages to pay off the new balance before they start accruing interest.0
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Bet it all on England winning against USA."We are the change that we seek."0
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me personally, and being self employed it comes like almost an instinct to make every penny I have work at least doubly (see signature)
However I would also reccomend that you use it wisely as simply going out buying something on a punt thinking you will make a profit rarely works. Research what prices things ARE selling for, do not use RRP as a guide of potential profit.
To give you an idea, I recently flipped a Saxo. I had checked all the guides which said its worth 9-1100, the car was costing me £~3-400 iirc including parts etc which is great, however in reality to shift these things quickly (to untie your money) ebay was the place to sell, where they were going for £7-800. So it was a good bet that after teh days work I would be in the profit - AND be able to pay the tax man what was needed....
always remember the taxman wants a cut of whatever you earn!£4142.49/ £131,795.91 - 3.14% paid off or only £129,608.80 to go!
Debt free by Xmas 2015: #182 £1955.38/£4435.51 (44.08%)
MFW: Opening Balance: £108,297.91 Original MF Date: June 2042
Current Balance: £106600.27 Estimated MF Date: Dec 2033
Proud to be dealing with my debts0
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