M
Modfather
Guest
Hi all i have been reading through the boards over the last while and have seen all the great help that has been givin out by you all, so i finaly decided im now going to try my best to try sort out my own money situation with a little help from whoever is willing
My self and my Girlfriend have just had a baby 2 months ago and have moved back into my mothers to cut down the cost of rent, so we can try get our own house, we have had seprate loans and about 6 months ago we opened a joint a/c and got a loan to clear off what owed which to be honest i think was a great move because we have everything together and see clearly what is coming on and going out, here how it all goes
Loan with TSB: 14111.48 (429.15 a month)
Savings with TSB:100 a month (which we are putting in more) and also in to a credit union
Credit Card:500.
Rent:330 (My mother doesnt want us living here for 2 much longer)
Income:3,300 for the 2 of us per month some months better than others but min
We are living off about 150wk and trying to save as much as we can, we are half tempted to try go wit a loan from Tesco because im told its much cheaper APR than TSB.Would this be a good move?
The 100 a month saving is far from whats really being put away,we plan on saving atleast 1500 a month.would we be better to save this or pay it off the loan?
While saving we are just getting enough money to get rid of the loan and pay it off in 1 lump (Then get pushing for a house as she will also be back to work) but i dont really want to save this in the credit union because im not sure if this will stand to use when we apply for house
Thanks inadvance for the help and keep up the good work
PS:i am really bad with APR and decimal points thats why the heading is Trying My best to sort it out
My self and my Girlfriend have just had a baby 2 months ago and have moved back into my mothers to cut down the cost of rent, so we can try get our own house, we have had seprate loans and about 6 months ago we opened a joint a/c and got a loan to clear off what owed which to be honest i think was a great move because we have everything together and see clearly what is coming on and going out, here how it all goes
Loan with TSB: 14111.48 (429.15 a month)
Savings with TSB:100 a month (which we are putting in more) and also in to a credit union
Credit Card:500.
Rent:330 (My mother doesnt want us living here for 2 much longer)
Income:3,300 for the 2 of us per month some months better than others but min
We are living off about 150wk and trying to save as much as we can, we are half tempted to try go wit a loan from Tesco because im told its much cheaper APR than TSB.Would this be a good move?
The 100 a month saving is far from whats really being put away,we plan on saving atleast 1500 a month.would we be better to save this or pay it off the loan?
While saving we are just getting enough money to get rid of the loan and pay it off in 1 lump (Then get pushing for a house as she will also be back to work) but i dont really want to save this in the credit union because im not sure if this will stand to use when we apply for house
Thanks inadvance for the help and keep up the good work
PS:i am really bad with APR and decimal points thats why the heading is Trying My best to sort it out