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Pay off which first? Help please
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VW's do have a premium however hold their value relatively well.0
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In relation to my workplace pension, I have upped my contribution from 1% to 10%.Monthly Contributions Value % of SalaryMy Contribution (with Salary Exchange) £208.08 10.00%Company Contribution £104.04 5.00%Total Monthly Contributions £312.13 15.00%Total Annual Contributions £3,745.50Total Cost to Monthly Net Pay -£141.501
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Hopefully I'll be on track this year to get back in a good place.0
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Any comments on the pension?0
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Credit card first always, if you cant get a balance transfer or anything0
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I have a plan for the credit card now. Should be paid off by the time the interest free period kicks in.
Picked up my new car yesterday. It's a lovely drive and it's amazing what £2500 can get you!0 -
So I've been doing some working out and I could be potentially debt free by November of this year. 9 months!
My total debt now is £7370. If I could pay £815 a month I could clear the lot in 9 months.
(£154+£108 of existing payments and £553 additional payment)0 -
My assets to date are as follows:
£2200 cash in HTB ISA
£2500 Car - VW Golf
£5000 pension0 -
Am I doing the right thing?0
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In what sense? You’re starting to focus on paying down your debts, were sensible in buying a car in cash and have sorted out your pension. It’s absolutely the right track! You might want to think about setting up a debtFree diary in the diaries section here to keep you focused and to be a sounding board for any decisions or doubts you may have. I’m sure lots will want to follow along!Debt Free: 06/03/2020 Highest Debt: £37,5141
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