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advice please
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sillyinthepast
Posts: 244 Forumite
Good morning I was wondering if you guys could help me. We have recently bought a house (waiting for exchange if contracts so not quite yet). With the deposit, legal fees and the fact the house needs A LOT of work we are skint:o We have £1965 loan left and £1900 overdraft that we want to get out of. My question is that when we move in should I start OP or paying the debts off first. We would also like to start saving and have an emergency fund should I do this before I start to OP?
Thanks
Thanks
£370/£300 April challenge :T:T
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Comments
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Its definitely all about what has the highest interest rate being the one you need to pay first. So look at those rates and choose the highest one to pay off first. Chances are its the loan?
I think most of us have an OP fund and a Emergency Fund and split between the 2.
HTHMorgage till Nov 30 GOAL MFW Sept 2016Aug 11 - £100k Aug 2016.... It's GONE!!!!!
2014 GOAL HIT 5 Stone! 2016 GOAL to be a MF marathon runner.
"A goal without a plan is just a wish"0
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