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Advice on Loan / Moving out
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[quote][i]Originally posted by Ian W[/i] Im currently looking at flats / houses to move out of my parents and im working all my finances etc out.. I've currently got a loan which is draining a few hundred a month from my account, this is running for the next 3 years :o Option 1 : Move out now, keep on paying the loan for the duration as I won't really have the spare cash to be putting lump sums away. Option 2: Stay at home and clear the loan asap which I reckon would be in the next 6-8 months by sticking what I would be paying for rent, food etc into savings and then paying the balance, I will then have no loans, credit cards etc. I have no reason to move out other than its just something that I think its time to do, I am not moving in with anyone and im fine to stay at home so option 2 is probably better. Opionins please ! [/quote]
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