Please verbally bash me to quell the urge to buy the new iphone

abby1234519

Well then if I pay of £7380 worth of debt I can buy an apple watch, if I still want one by then, then I will know its not a passing fancy!

Ok 5% is a good idea. And I can take that £50 out of savings anyway so it won't affect my budget.

EssexHebridean

abby1234519 wrote: »

Well then if I pay of £7380 worth of debt I can buy an apple watch, if I still want one by then, then I will know its not a passing fancy!

Ok 5% is a good idea. And I can take that £50 out of savings anyway so it won't affect my budget.

If you clear your debts, and start building savings, your money over and above your budget (including the savings pot) will be yours to do as you wish with, so if saving up for (not putting on credit!) an Apple Watch is still what you want to do, of course you can! :T

abby1234519

EssexHebridean wrote: »

If you clear your debts, and start building savings, your money over and above your budget (including the savings pot) will be yours to do as you wish with, so if saving up for (not putting on credit!) an Apple Watch is still what you want to do, of course you can! :T

I'm building some savings up at the moment as my debts 0% so I've put about £800 in to a TSB account as it gets 3% and I've got a regular saver set up for £200 a month.

Do you think this is a good idea? I could pay debt off quicker but then I figured as its 0% it makes sense to build a savings pot. What I would like to do is to build up half of what is on OH dmp so £12600 at the moment but would be down to about 10k in two years so I would try to do F&F with hopefully 5 grand savings

pennystretcher

You are starting to think like MSE! Good idea to build an emergency fund..and once you have that behind you, you can then put all extra that you have towards debt.

Money_Rollercoaster

Every time someone buys a new iPhone, someone in a Chinese factory hits a kitten with a hammer.

I know you don't want that on your conscience.

Spatton

"Every time someone buys a new iPhone, someone in a Chinese factory hits a kitten with a hammer.

I know you don't want that on your conscience. "


Sorry, but that made me laugh.


Joking aside, I personally despise the hypocrisy of Apple. One the one hand they preach that we all need to live zen, minimalist lifestyles, but in their world to do that we need to shell out £'000s, of which goodness knows what % is mark-up - straight into their pockets. Think I'd rather keep it in mine.