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Somewhere cheap and rubbish or expensive and good?
Comments
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hungledink wrote: »I have been looking at flats to rent in the past month. When I initially started looking, I was willing to pay £450 pcm. Having viewed a few flats in this price bracket I was less than impressed.
I have subsequently been looking at flats for 550 pcm and like these a lot more.
I will have to use my overdraft facility (I dont pay charges on the overdraft facility) to cover the bills each month if I go for the higher price flats. My wages will then be paid in each month and clear the overdraft, but I will then go overdrawn again to pay the bills and so on each month.
My opinion is that if I have a charge free overdraft, that will effectively 'clear' each month then why not use it.
I was just wondering what peoples opinions of my predicament are. Should I pay the higher price and live somewhere I like or live within my means and live somewhere I dont like.
Hate to say it, but if £100 a month is enough to tip you over the edge, you should be looking at a room/house share.0 -
hungledink wrote: »Thanks for your opinions so far. Seems most would recommend the cheap and rubbish option.
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this is MSE, what did you expect? 0 -
Living within your means is the wise option.
What would happen if you employer took away that benefit, or you lost your job? Relying on an overdraft when you don't have to is silly.0 -
DVardysShadow wrote: »These are the words written in the stone which paves the road to hell.
Ive got to agree. That is not a good use of an overdraft!!0
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