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0% debt, manageable to pay off-what would you do?
WantToBeSE
Posts: 7,729 Forumite
Hi all.
I have about £700 left of debt, and then i am debt free.
The £700 is £0%, so i am not paying any extras for having that debt.
As it is, i pay £80 a month towards paying it off, which is manageable now that i have paid everything else off :j
So, i guess the question i am asking is- what would you do?
Would you make savings in other areas (although ths would be quite difficult, as my income is limited anyway, and i have reduced all outgoings as much as possible), or would you just carry on paying the £80 a month, since its manageable?
I have about £700 left of debt, and then i am debt free.
The £700 is £0%, so i am not paying any extras for having that debt.
As it is, i pay £80 a month towards paying it off, which is manageable now that i have paid everything else off :j
So, i guess the question i am asking is- what would you do?
Would you make savings in other areas (although ths would be quite difficult, as my income is limited anyway, and i have reduced all outgoings as much as possible), or would you just carry on paying the £80 a month, since its manageable?
0
Comments
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Not pay it off any quicker than I'd have to. Make sure it's repaid by the due date and if it's a promotional interest rate before it expires.:footie:
Regular savers earn 6% interest (HSBC, First Direct, M&S) Loans cost 2.9% per year (Nationwide) = FREE money. 0
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