Taking a loan for our dream holiday?

supersaver1000

We used to have long-haul holidays courtesy of the credit card, but they were always tainted because every time you get the card out you are reminded you will have to pay for it when you get home.

We've found it much better to pay/save for everything before we go - it means you spend the time saving and planning and also looking forward to it (which can be almost as much fun as the holiday). Rather than spending a long time afterwards regretting the expense.

We always have holidays we can afford now and I relax and enjoy them much more. I even enjoy spending time at home more now that we've sorted most of our debts out.

I'm not saying we wouldn't go on another expensive holiday, but it would be saved for/paid for in advance - otherwise you aren't getting the most out of it.

Facknats

Personally think the 1k couch debt was a stretch considering your dual income and outgoings.

A credit fuelled trip to Japan is almost masochistic in the long run. 7 years of debt servitude for a trip you'll likely remember little of by the time it's repaid? No thanks!

dont_use_vistaprint

Why dont one of you get a second part time job for a couple of months to pay for the holiday , much easier.

There are gig based jobs on WhatsApp paying £10-£15 per hour for weekday term time and £7-£8 evenings and weekends. You could easily make an extra £500 a month. My youngest makes over £800 some months and still gets all her homework done.

I've never done this but Japan comes up a lot on fuel dumping sites

parking_question_chap

Les79 wrote: »

Life is short. Loans are designed to give you access to money almost instantly and pay it off at a set rate per month.

Well, actually loans are designed to make companies money. And in todays society of instant gratification they are so common its almost the done thing.

The problem with buying first and paying later is that you end up with less disposable income due to all the interest you are paying.

You talk about missing opportunities, but really you will be missing more opportunities if you erode your disposable income through interest replayments.