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Savings or Debt Clearance

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Comments

  • EssexHebridean
    EssexHebridean Posts: 24,517 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    getmore4less wrote: »
    Stoozing.

    is all about borrowing money cheaper than you can get from investing it.

    Just because you start with debt does not negate the principle.

    A lot of people saved a lot of money on their mortgages.

    If you cashback you can stooze.

    With respect getmore4less allowing that the OP has already said she can't trust herself to not spend the savings money if she doesn't pay it straight off the card, stoozing probably isn't great advice for her. Even :money: says that it definitely comes with risk for some people!
    🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
    Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
    Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
    Balance as at 31/08/25 = £ 95,450.00
    £100k barrier broken 1/4/25
    SOA CALCULATOR (for DFW newbies): SOA Calculator
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  • getmore4less
    getmore4less Posts: 46,882 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    edited 31 January 2019 at 8:23AM
    Everyone has to learn to save for things or come debt free day they will never start saving.

    Can even start slowly by saving one month and throwing two lots at the card the next month(repeat).

    Sure CCc is capable of making their own choice on how they do it.

    No problem highlighting the potential to falter but better to encourage good behaviour than reinforce negative behaviour.
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