The madness of current interest rates

[ToffeeMark]

Lol 14 DVD's what a hero. Yeah I'm just about scrounging by paying 40 quid off a month. Which is just under what I'm earning working here for 6 hours today :/ But then they charge me like 40 quid interest. Or something less OTT but still loads.

What you need my friend is a balance transfer. 3.5% fee. On £1000 that would £35. You're then interest free for 22 months.

That means the 40 quid interest is no more. over 22 months that would mean you could budget £45 a month and you credit card
would be gone.

Once you've balanced transferred though, you really need to give up the credit card or you could end up racking up more debt.

http://www.moneysupermarket.com/credit-cards/balance-transfer/

Also, I think if you put anything on the new card, sometimes it interferes/ends your interest free period.

Good luck.

 

[Woolly Blue]

Lol 14 DVD's what a hero. Yeah I'm just about scrounging by paying 40 quid off a month. Which is just under what I'm earning working here for 6 hours today :/ But then they charge me like 40 quid interest. Or something less OTT but still loads.

Young man you need to address this problem quickly before it gets out of hand. What you need is an extra source of income. Based on your love of GOT and your blatant bisexuality there is an an obvious means of raising an extra few hundred pounds per month. Just put your white belt and tight vest on and swallow your, err, pride.


Plainly ToffeMark's advice is more sensible, but I think my advice gives you a better long term strategy which could eventually make you wealthy. Probably disease ridden, but wealthy and therefore able to pay to fix any health problems you might have.

 

[TX Bill]

The sad fact is a lot of that generation fears the markets and have been taught to be conservative from their parents. I see a lot of problems for a newbie to just jump in the market to garner higher returns even on some managed funds. I have always valued the insight of my fellow classmate Dave Ramsey but I don't agree with him on absolutely everything but his main foundation is very sound.

...and I'm ok with that because that generation learned it from parents who went through the Great Depression.

But there are proper ways to structure a portfolio taking into account all types of risk and not just principal risk.

 

[Tennessee Blue Mike]

...and I'm ok with that because that generation learned it from parents who went through the Great Depression.

But there are proper ways to structure a portfolio taking into account all types of risk and not just principal risk.

Thanks for youR answer that is indeed very true.

Also, I am hearing The Greeks will default by Wednesday have you heard anything?

 

[somuchfun]

Thanks for you answer that is indeed very true.

Also, I am hearing The Greeks will default by Wednesday have you heard anything?

Would be ace.
I read the interest in their two year bonds is 172% ? If true. Lol. Maybe I'll move to Norway and cull some Red****e, drill some oil and eat some cod.

 

[Tennessee Blue Mike]

Would be ace.
I read the interest in their two year bonds is 172% ? If true. Lol. Maybe I'll move to Norway and cull some Red****e, drill some oil and eat some cod.

Checking the market today the French Banks are struggling to say the least as they have big interests in Greece. It would be a minor miracle if Greece doesn't default this week. Also, I understand the new canary in the coalmine is Italy so be careful on that front.

Not sure about the 172% but did notice somewhere in the range of 46% the other day. Not good wouldn't touch it with a ten foot pole.

 

[EFCNIK]

Checking the market today the French Banks are struggling to say the least as they have big interests in Greece. It would be a minor miracle if Greece doesn't default this week. Also, I understand the new canary in the coalmine is Italy so be careful on that front.

Not sure about the 172% but did notice somewhere in the range of 46% the other day. Not good wouldn't touch it with a ten foot pole.

Tune.

[video=youtube;dQEIYjS1ePY]http://www.youtube.com/watch?v=dQEIYjS1ePY[/video]

 

[Tennessee Blue Mike]

Tune.

[video=youtube;dQEIYjS1ePY]http://www.youtube.com/watch?v=dQEIYjS1ePY[/video]

Nice one. Big Police fan in the eighties and still play there stuff.

 

[Tennessee Blue Mike]

Italy here we go.

http://www.cnbc.com/id/44490774