Not sure if I'm going this right.
For a divorce/split I borrowed £7000 from a bank (online loan).
I pay back £100 Month.
I also put£200 into a savings account.
In my savings account I now have around £4000, I owe around £5000 on the loan.
My plan was to save up until I can cover the remaining amount of the loan and pay it off in full (be about 6/7 months time). There's no penalty for early repayment.
Am I doing this right or is there a better way to do it?
Thanks
Submitted August 18, 2018 at 08:16AM by Sinopmo https://ift.tt/2MAhDqt
