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Disney on the CC?
Mimi_Arc_en_ciel
Posts: 4,851 Forumite
ADMINS: I don't know which forum to put this in! Sorry if this is the wrong one!
Last year I got a CC with 0% until Dec 2013 - am paying this off at £100 per week and it will be paid off the first week in June 2013.
I've got £500 savings atm and am stashing £50 per week into a savings account until the end of may.
My plan is this:
I've been given a quote for Disney for this year (£2140.32) I need to pay £315 deposit to book (I will use money out of my savings for this) Disney out standing balance needs to be paid by July.
I'm going to put £50 a week away towards holiday until June - around £500 (As well as paying off CC and £50 savings - I can afford this, have checked
)
SO: Holiday cost (£2140.32) minus deposit (£315) and Minus the £500 leaves a balance of £1325.32
By June CC will be paid off and I will have approx £550 in my savings.
If i use my CC to pay off the balance in June that then leaves me with 26 weeks (June - Nov) to pay off the CC. Bear In mind ATM I am paying £100 off CC a week anyway (and can afford to) so I figure that if i did this i would have it all paid off by mid September (and if i need extra time i still have until end of Nov whilst its 0%)
Does anyone see a flaw in this? I don't want to do it then realize I've screwed up somewhere.
Thanks!
Last year I got a CC with 0% until Dec 2013 - am paying this off at £100 per week and it will be paid off the first week in June 2013.
I've got £500 savings atm and am stashing £50 per week into a savings account until the end of may.
My plan is this:
I've been given a quote for Disney for this year (£2140.32) I need to pay £315 deposit to book (I will use money out of my savings for this) Disney out standing balance needs to be paid by July.
I'm going to put £50 a week away towards holiday until June - around £500 (As well as paying off CC and £50 savings - I can afford this, have checked
SO: Holiday cost (£2140.32) minus deposit (£315) and Minus the £500 leaves a balance of £1325.32
By June CC will be paid off and I will have approx £550 in my savings.
If i use my CC to pay off the balance in June that then leaves me with 26 weeks (June - Nov) to pay off the CC. Bear In mind ATM I am paying £100 off CC a week anyway (and can afford to) so I figure that if i did this i would have it all paid off by mid September (and if i need extra time i still have until end of Nov whilst its 0%)
Does anyone see a flaw in this? I don't want to do it then realize I've screwed up somewhere.
Thanks!
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