Debts V Savings??

M

maryd

Guest
Can anyone give any advice on what is best to do re clearing outstanding debts versus saving money for travelling. Currently i have an ssia of 170mth which matures in April 2007. Planning to go travelling in September 2006. Also have a loan and credit card, phone bill etc.
Probably will end up having to take out a loan to go but currently in process of trying to save 500mth for next 6mths for travel but should i put this towards debts instead?
Already switched c/c to 0% for next 6mths. Clearing balance of 1400. Loan outgoing is 300p/m also.
Tricky one i know but anyone have any suggestions???:confused:
 
It's pretty much a lifestyle choice-can you put off travelling until you have cleared outstanding debts?

Why not use the SSIA proceeds to go travelling?
 
Thanks for the suggestion but seriously cant put it off any longer!! Figure SSIA will come through when away so might just try clear off the debts whilst saving...and havie no social life! But it will all be worth it :)
 
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