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Getting a loan to do fun stuff!?

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Comments

  • AnotherJoe
    AnotherJoe Posts: 19,622 Forumite
    10,000 Posts Fifth Anniversary Name Dropper Photogenic
    bspm1 wrote: »
    Mine do, maybe it's the many photos and videos that we took.Lucky for me because I am the one who has forgotten!


    Thats what they are remembering, not the actual experience itself. Its like Total Recall.
  • onwards&upwards
    onwards&upwards Posts: 3,423 Forumite
    1,000 Posts Second Anniversary Name Dropper
    Yellow_mango wrote: »
    If you have a years worth of bills in the bank, I’m sure that would fund a holiday or so. I’d borrow from yourself first as and when the time is right (and use the £450 a month you were going to spend repaying the loan to pay yourself back and save for the next holiday).


    This is the no brainier.

    Why pay interest when you have the cash sitting there? Makes no sense.

    Have a holiday, enjoy life, keep 6 months of bills in the bank.
  • HonmaDP
    HonmaDP Posts: 69 Forumite
    If you can afford it, do it mate.

    We loved Orlando. Must admit I preferred Universal Islands of Adventure over Disney. Great holiday even if the pound is rubbish at the moment.
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    HonmaDP wrote: »
    If you can afford it, do it mate.

    We loved Orlando. Must admit I preferred Universal Islands of Adventure over Disney. Great holiday even if the pound is rubbish at the moment.

    He can't "afford" it - hence needing the loan?
  • HonmaDP
    HonmaDP Posts: 69 Forumite
    !!! wrote: »
    He can't "afford" it - hence needing the loan?

    Can he afford the loan?
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    HonmaDP wrote: »
    Can he afford the loan?

    That's the point - having to take a loan to "afford" something isn't "affording" something
  • onwards&upwards
    onwards&upwards Posts: 3,423 Forumite
    1,000 Posts Second Anniversary Name Dropper
    !!! wrote: »
    He can't "afford" it - hence needing the loan?


    He can afford it, he’s got loads of savings but would for some insane reason rather borrow and pay interest than dip into them for a holiday.
  • EssexHebridean
    EssexHebridean Posts: 24,674 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    What would the monthly cost of the loan be? £450 a month or thereabouts? That's a pretty healthy "fun" budget as far as I can see....so if you can pay for the loan, you can also afford the things you're saying there is no spare money for currently....

    As others have said, memories are not made with money, they're made with time, doing things together, visiting interesting places - but none of this needs to cost megabucks.
    🎉 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
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  • JimmyTheWig
    JimmyTheWig Posts: 12,199 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    HonmaDP wrote: »
    Can he afford the loan?
    In theory he can afford the loan at the moment.
    Does he have that money spare each month? If not, then it's only in theory.
    And in any event, it's only at the moment. What would a change in circumstances do to being able to afford the loan?
  • MABLE
    MABLE Posts: 4,239 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    HonmaDP wrote: »
    If you can afford it, do it mate.

    We loved Orlando. Must admit I preferred Universal Islands of Adventure over Disney. Great holiday even if the pound is rubbish at the moment.

    Thats the issue the OP cannot afford it hence the reason they need to borrow £25k.
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