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Am I stupid?
Comments
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Have you decided yet? What do you think you'll do?CCCS DMP:Feb 07
Total:£37,016.47 now £0 DEBT FREE FEB 14
2022 Decluttering Campaign 49/10110 -
I'd pay it off because then you've still got a good amount in your savings that you can then build up again without worrying about the little niggling debt on the card :-)
Good luck with whatever you decide!Fiona xx
:easter_ba
Proud to be dealing with our debts
Lightbulb moment - September 2006.
Got organised, got a joint account, stopped overspending.
Debt free date: December 2009 - we can do it!
# IA's Lose the belly, bum (and the debt) challenge 2008
Halve our debt in 2008 / Pay off the rest in 2009
Goals by July 2008:
* Former employer overpayment with £1,800 remaining...
* 0% Virgin Credit card with £1,800 (we needed a holiday...!)0 -
The money you owe on the credit card is not your money, it's money that the evil credit card company have LOANED you, so although you say you have £2000 savings, in reality you only actually have £1100.
Just pay off the credit card, and be smug that you actually have a whole £1100 that's all yours!Should've = Should HAVE (not 'of')
Would've = Would HAVE (not 'of')
No, I am not perfect, but yes I do judge people on their use of basic English language. If you didn't know the above, then learn it! (If English is your second language, then you are forgiven!)0 -
The best thing to do is defo pay of the CC unless u can get it on 0% for a while (bearing in mind it'll still need paying off when the 0% ends). I transfered my debt to 0% whilst pregnant as unfortunately I didn't have any money saved to pay it off. But since implementing changes suggested on here, I now have money saved towards paying it off (see sig), and have a couple of hundred quid seperate for 'just in case' moments.
As everyone else has said, if ur savings earn a lower rate than ur paying for ur credit, ur still throwing money away.
Sarah x'We are all in the gutter, but some of us are looking at the stars' - Oscar Wilde0
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