Thursday, 11 January 2018

Plough Through? Or Pause and Pay?

Okay, so as I have said I have an aggressive savings plan and a low-interest rate credit card which I plan to use as a line of credit.

There are a few things that have been needed to be done, but I have put off. Two examples are, buying the mattress and the upcoming repairs to Wanda. 

Those are examples of things that I have and/or will put on the credit card as I continue my aggressive savings plan. 

Yet, I do like the idea of being totally debt free and I have thought about pausing my savings plan for a few months to pay this credit card off.

Yet, with days like today, (it was effectively -30C and both of my parking spots near work were taken up, so I had to drive back to my sleeping spot and then walk the kilometre to work) that makes me want to just plough through with my savings/line of credit plan.

I will see how things look once the interest charges come in and see what my comfort level is. 

Either way, I will not be screwed as I am putting cash into the bank as savings. As it stands now I could dip into my savings and pay off the card in full as it is. 

Yet I am pushing ahead with this savings plan so as to enable me to get land sooner. That is for my sanity and to have a piece of the world that is mine. 

As well as to be able to build my future (not in a trailer) sooner rather than later. Again, once I put my 2 years of living expenses in my Mid-Term Account I will see how I feel then.

As always: Keep your head up, your attitude positive, and keep moving forward!

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