Whats best?

Scared1980

Hi everyone...

My DP works in Sales and his commission goes up and down at a faster rate than a yo yo....

My question is... what should we do when he gets good commission?? should we offer it up straight away as an additional "one-off" payment, or put it in a seperate savings account and build it up for a year and then try using it to offer full and final settlement thingys??

I also get a bonus in July (usually around £500) and I was planning to offer £400 of it to the creditors (split equally of course) and save £100 for my two girls birthday and christmas pressies (doesn't sound alot £25 each per special day), but they get spoilt by everyone else anyway!! and I am trying so hard to be good.

On the bright side... we have finally managed to ditch the £500 overdraft we had... all gone now :0)

Any pointers would be gratefully recieved

L
x

immoral_angeluk

Personally I would save any extra you get, that way you've always got a back up for the low months and can pay off the debts as and when you have enough..

boo2905

Hello and welcome

I would probably suggest like immoral angel and save it up.

Maybe you could put it into a high interest savings account and then once you have the full amount for one of your debts plus a bit more for the 'just in case' scenario then you can pay one debt at a time and you'll feel much better paying such a big lump sum off.

Scared1980

Thanks for the replies...

I thought that saving, then using lump sum would be best, but wanted to double check.

Would hate to do that then realise should have done it another/better way.

Thanks again

L
x