My husband is due to get a €14k bonus at the end of the month.
We currently have €11,300 in credit card debt between 2 cards (one with 9.1K the other with 2.2k). Currently we are paying €400 into the cards and just keeping on top of the interest although we are planning to increase this to €550.
My husband is 48 and doesn't have a pension. He was hoping to put the money into starting a pension and pay into it regularly with the company contribution at 7% (though not on bonus).
I'm wondering are we better off starting the pension and getting the full amount or putting the taxed amount of €6.9k into the credit card?
The problem with the cards are that the larger amount is mine and i'm not working so haven't been able to transfer to 0%. Would it be possible for us to transfer both cards into 1 card under both names at 0%?
We currently have €11,300 in credit card debt between 2 cards (one with 9.1K the other with 2.2k). Currently we are paying €400 into the cards and just keeping on top of the interest although we are planning to increase this to €550.
My husband is 48 and doesn't have a pension. He was hoping to put the money into starting a pension and pay into it regularly with the company contribution at 7% (though not on bonus).
I'm wondering are we better off starting the pension and getting the full amount or putting the taxed amount of €6.9k into the credit card?
The problem with the cards are that the larger amount is mine and i'm not working so haven't been able to transfer to 0%. Would it be possible for us to transfer both cards into 1 card under both names at 0%?