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£200,000 how would u spend it _ debt £84,000?

bommer
bommer Posts: 194 Forumite
in Debt-free wannabe
your viewS???
«1

Comments

  • immoral_angeluk
    immoral_angeluk Posts: 24,506
    10,000 Posts Combo Breaker
    Forumite
    Well I'd pay off the debt without question.. that would leave you with 116000 to do what you wanted with... house...car.... the choice is yours!
    Total 'Failed Business' Debt £29,043
    Que sera, sera. <3
  • Burlesque_Babe
    Burlesque_Babe Posts: 17,547
    Part of the Furniture Photogenic Combo Breaker
    Forumite
    Bit of a no brainer really!!!
    :D"Stay Wonky":D

    :j:jBecome Mrs Pepe 9 October 2012 :j:j
  • doodledo_2
    doodledo_2 Posts: 4,676 Forumite
    Without doubt debt first then I would probably put the remainder to a bigger house :j
    Proud to be dealing with my debts - DFW No: 712

    03/09/09 - DEBT FREE AT LAST :D
    Racing Hypno to Save - £10/£5000
  • nickiboop
    nickiboop Posts: 191 Forumite
    1) clear debt2) fill up My and OHs ISA for the year as an emergancy fund3) nice holiday4) pay rest of Mortgage!
    Only two big facts are known for certain: you are on a large, spinning rock hurtling through lonely space at about 67,000 mph, and one day your body is going to die. Will a new pair of shoes really help? :p

    Weight at lightbulb moment 13 7lb
    goal for Christmas 12 7lb! :rotfl:
  • Shineyhappy
    Shineyhappy Posts: 1,933
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Forumite
    If it was me, I would pay off my debts and the mortgage leaving a nice little nest egg out of which I would probably spend 5k on a holiday, some new clothes and a few treats for my family
    Debt Free - done
    Mortgage Free - done
    Building up the pension pot
  • beckseven
    beckseven Posts: 877 Forumite
    I would DEFINITELY pay the debts off and then pay a massive chunk of my mortage with a little bit of money to pay for a lovely holiday for my family and to give us all some treats we havnen't had in a long while! Once all my debts and mortgage were gone we would be absolutely loaded every month! I can dream....
    HSBC Visa-High interest-£2349.23 Nat West £2605.18
    My Overdraft-£1500
    Barclaycard-1089.77
    Marks and Spencer card- 3331.30 next 92.67
    Total was 11066.29 now £10,968.15
  • Shineyhappy
    Shineyhappy Posts: 1,933
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Forumite
    beckseven wrote: »
    Once all my debts and mortgage were gone we would be absolutely loaded every month! I can dream....


    What a lovely dream that would be!:drool:
    Debt Free - done
    Mortgage Free - done
    Building up the pension pot
  • GingerSte
    GingerSte Posts: 2,486 Forumite
    One heck of a night out!

    (after paying off the debt obviously)
  • Broken_hearted
    Broken_hearted Posts: 9,553 Forumite
    The debts then a new car
    Barclaycard 3800

    Nothing to do but hibernate till spring
  • bored_of_debt
    bored_of_debt Posts: 175 Forumite
    I'd clear the debt without a doubt then use the rest to get me onto the ladder that is property! I'd be tempted to spend at least some on a car or another bike though!
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