The Three C's - Coffee, Clothes & Credit Cards

Chocolatefund

Sleep on it for a night or two and see how you feel.

There was a point in my diary where I had more savings then debt I could have just paid off, but chose not to.

Think of it this way.  If you didn’t use your savings to pay it off, how long would it take for you to pay the card off?  Then weigh up the pros and cons.

Willowtree222

Creation is really simple to overpay. Mine brings down the amount per month though and not the term. I think you can change it, I have just never bothered. X

Sarahwithlove

Willowtree222 said:

Creation is really simple to overpay. Mine brings down the amount per month though and not the term. I think you can change it, I have just never bothered. X

That's good to know thank you. 

Sarahwithlove

So I ended up giving in, Natwest credit card has been cleared. Emergency Fund is fully funded to £1500. I have £100 in savings buffer and my sinking funds are partially funded. 

My focus is now to get the savings up to £1k then start on the Creation loan. 

New budget now includes £250 a month into sinking funds and £150 into savings. I will also have any overtime money and backpay in Septembers pay as well. 

jwil

Well done on clearing the card!

MeandO

I'm the same sarahwithlove, I don't rest easy if I have CC debt. I would have done the same as you, it causes less anxiety! Well done xx