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Should I be more worried than I am??
Comments
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moneyfacts wrote: »Even though it is all on 0% and your incomes are secure, the psychology of it is worrying. Firstly going to work each month and waiting for payday, just to pay off a chunk of the debt would be awful...Had you done it the other way round, you should be working each month and saving for what you wanted. Working to save is more rewarding than working to pay of credit cards.
The other issue is that you think its ok to spend £40,000 of money you havent earnt...The risk also is that people find it easier to spend money they havent earnt...and you would have been slightly more frugle had you waited and spent money you had worked so hard to save.
Yes, this.
We're not trying to panic you here OP, it's just some things to think about.If you know you have enough, you're rich.
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Happyharry78 wrote: »You are right, we could have saved up, however we were desperate/impatient to sort the house out asap! ... I will be glad when it's gone though
You're still going to experience impatience, impatiently paying off debt rather than impatiently saving up. Maybe one's more satisfying than the other?If you know you have enough, you're rich.0
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