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New idea - advice appreciated
ss3n08
Posts: 908 Forumite
Hello all,
Okay so I have £4600.00 to pay on an interest free credit card but I also have 199 lbs to lose in weight (fatty I know). Anyway, I have worked out that it may be possible to be debt free and at the correct weight at the same time if, for every 1 lb in weight I lost, I paid off £23.23 from my debt.
I have about £200.00 a month to clear my debts but wondered whether people thought it may be more of an incentive to do it this way.
For example, I want to clear my debt and I want to lose weight so I try and use one against the other. If I don't lose weight I cant clear debt, if I do lose weight hoorah, I can pay off some debt.
Or am I just being stupid?......please be nice x
Okay so I have £4600.00 to pay on an interest free credit card but I also have 199 lbs to lose in weight (fatty I know). Anyway, I have worked out that it may be possible to be debt free and at the correct weight at the same time if, for every 1 lb in weight I lost, I paid off £23.23 from my debt.
I have about £200.00 a month to clear my debts but wondered whether people thought it may be more of an incentive to do it this way.
For example, I want to clear my debt and I want to lose weight so I try and use one against the other. If I don't lose weight I cant clear debt, if I do lose weight hoorah, I can pay off some debt.
Or am I just being stupid?......please be nice x
0
Comments
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Thats a fantastic idea! Good for you
There is definitely alot of incentive there.
JCG
xx:smileyheaMarried on 20/07/2012! :smileyhea
:DBought my new car 11/08/12:D:cool: Save £12k In 2013 Num 009! £5502/£5000 :cool:
Save £12k in 2014 Num 22! £2131/£3000
Emergency Fund £00 -
I love the idea
I think I need to work out something similar x Official DFD: Dec 29Challenge DFD: July 23Debts Cleared: 1/13Building EF: £20/£600 3%0 -
How bout doing it the other way around... So you pay off some of your debt, then you have to match it with your weight. That way you have no choice but to do both. Just putting a more positive spin on it instead of....If I don't lose weight I cant clear debt
... It will be "I've paid £xxx so I have to loose xlbs"
Hope you've been doing well with both challenges. Good luck.0
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