Recent content by The Horae

  1. T

    Financial decision; would this be a mistake?

    Thanks, we will definitely consider this option too. Quick maffs says we could have the card paid off in 9 months, if there was a 0% interest on it. Which ends up "cheaper" than doing it through the bond. We have family in the UK so can use their address and as my partner is a citizen with a...
  2. T

    Financial decision; would this be a mistake?

    That makes sense. I am expecting a bonus in July too, which I will be dumping into the bond as well - well, most of it. As well as paying double the min rate of the card into. So it should be repaid in the bond, in under 10 months at the rate I want to do it in.
  3. T

    Financial decision; would this be a mistake?

    Hmmm this seems like a good alternative. But what's in it for the financial institutes? 0% would mean we could pay that card off in well under 29 months.
  4. T

    Financial decision; would this be a mistake?

    I'll check out those options; thanks. Partner was born in the UK so they have all the legal rights to banking sector. I've told them that once the card is paid off, we are closing it. We don't have a need for it anymore and have not used it in over a year. Bond is at 6.95% Yeah, the bond...
  5. T

    Financial decision; would this be a mistake?

    Thanks. Yeah I know that's generally not how it works. But trying to break it down a bit. Anyway, if I was a financial expert I wouldn't be posting here.
  6. T

    Financial decision; would this be a mistake?

    We are currently paying around 2 x the min amount. Which is making a dent in the card. I think I just want it over with and use money from bond to squash it and then start putting the extra money from what we were paying to the CC, to the bond instead.
  7. T

    Financial decision; would this be a mistake?

    So the CC seems to be 21% APR. So that's what it costs per year. So around 1.75% a month.
  8. T

    Financial decision; would this be a mistake?

    I believe it's around 21% or so. Just by looking at what we pay as a min each month + outstanding. But my partner has struggled to find the exact number. This is my thinking too and that I'd make up the money in the bind quicker than paying off the CC at the normal rate. 1.09% sounds very...
  9. T

    Financial decision; would this be a mistake?

    Hi all, I'll keep it short. Current situation is this: Partner has a UK CC - they're a citizen who moved here many moons ago. We had to do some spending on that CC a long time ago and have been paying it every month in Ronds. Painful. But it is what it is. I believe the interest rate is...
  10. T

    How much money do you earn? And how do you spend it?

    Throwaway because reasons.... Age: 32 Income: Gross Salary: R100K Net Income: R67K Bonus 150% of CTC Expenses are a lot to list, minor stuff - no car finance and have a bond of 12k. Lots goes to savings and some to UK account. Normally have around 25k or so left after bills - to which I...
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