Adding a Lump Sum to my Portfollio
Comments
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however I want this to be staggered more so that I am not having to go back to them.
Is the £6k in savings/cash separate from this £7k?Mortgage (Nov 15): £79,950 | Cashback sites: £900 | Current accounts: 11
Mortgage (May 19): £71,754 | £30k in 2016: £30,300 (101%)0 -
I certainly think it would be a good idea to pay off some of the debt owed to the parents, however I want this to be staggered more so that I am not having to go back to them.
I know that sounds harsh but I cannot reconcile the concept of:- Not repaying family debt when you can
- Thinking that you may need to borrow more from your parents when you are also saving a significant amount.
Did you start your regular savings plans before you got in to financial difficulty, i.e. borrowed from your family? Is the need to borrow because you have started regular savings and it takes you above your outgoings?
I'm a little lost.Personal Responsibility - Sad but True
Sometimes.... I am like a dog with a bone0 -
I think I agree with the general theme of the thread, I will be using the funding to pay off the family loan.
Thanks to everyone for your help.0
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