We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Dilemma
midnitegremlin
Posts: 171 Forumite
Should I aim to break down small things, like clear a 1000 > balance on my credit cards, or go hell for leather and aim to pay off my big MBNA which is 225 a month, but it's interest free? Or should I string that for as long as I can so that I'm not paying interest on the other stuff, like Opus CC which is about 30 a month, but 10 of that is paying off interest. Also, magnets, how do they work?
If my post doesn't appear to be serious, then it is not serious. So what? Kick back, relax enjoy life and have a little fun. Life is far far too short to be grumpy!!!!
0
Comments
-
midnitegremlin wrote: »Should I aim to break down small things, like clear a 1000 > balance on my credit cards, or go hell for leather and aim to pay off my big MBNA which is 225 a month, but it's interest free? Or should I string that for as long as I can so that I'm not paying interest on the other stuff, like Opus CC which is about 30 a month, but 10 of that is paying off interest. Also, magnets, how do they work?
You should use the snowball calculator to work out the best way to pay off your debt but the general rule is highest interest first
http://www.whatsthecost.com/snowball.aspx
Regarding magnets, and pretty much everything else, google is your friend
http://www.explainthatstuff.com/magnetism.html
TTFTM xLBM 10/1/12 ~ DFW Start 6/2/12: £82,344 ~ Now Zero:staradmin:starmod::staradmin Debt free 17th April 2015 :staradmin:starmod::staradmin
Eternal thanks to the DMP & Mutual Support (no.439) and Payment a Day ThreadsMortgage free 3rd July 2014 - Grateful thanks to the 2013/14 MFW threads"Debt is normal. Be weird!" Dave RamseyProud to have dealt with our debt
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 177.5K Life & Family
- 258.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards