Saving for moving house- or paying off debt.

WantToBeSE

Hi guys, i was wondering if you could give me some advice please.

I am paying off a Capital One CC at the moment, and should have only about 3 months left before i have paid it all off.

However, very soon (max 3 months) it's very likely i will be moving house. (In fact, i am waiting to hear about a house that i may be offered next week).

The house move is very much needed, and it's a housing association house, so couldn't turn it down as i probably wouldn't be offered again. BUT this means that i really need to save instead of pay off more debt.

What do you think that I should do?

-Only pay the minimum payments on the CC until after i have moved, and save the money towards moving house

OR

-Continue paying more than the minimum ( i normally over pay by about £200 a month) and then try and save up any 'extra' money towards the move? Bearing in mind that I rarely have any 'extra' money.

Advice please

Kitten868

What do you mean? I can't see £600 making the difference between affording it and not affording it? Do you mean for furniture? Legal fees?
I would pay off the capital one. You're moving - get yourself organised and flog stuff you don't need for the move to get yourself closer. You're better off moving in to see what you need. And get in the mindset of saving to buy it.
It's totally up to you though, it's just my opinion

WantToBeSE

Thanks Kitten

It wont cost me more than £500 to move, as it's from rented to HA. I have a friend that can help move me with his van, so it'll be furniture and carpets mainly, as well as a months rent in advance.

Upsidedown_Bear

Pay the minimum, move house and then reassess how much you can pay off the cc. It's nearly paid off so paying the minimum for a month or two won't make much difference.
Good luck with the move

WantToBeSE

Upsidedown_Bear wrote: »

Pay the minimum, move house and then reassess how much you can pay off the cc. It's nearly paid off so paying the minimum for a month or two won't make much difference.
Good luck with the move

Thanks Bear, i think i am going to do exactly this