Financial question

[carlazai]

Here is the situation: I want to some new things e.g. new PC and golf clubs, total £2,000.

I have money in savings accounts (high interest and savings accounts) to pay for this but I was wondering if it’s better to use credit (overdraft at 9.9%) to pay for these items? My feeling is to keep my assets liquid as these items depreciate over time and credit will be paid off over time.

I would love to hear from people with a business/economics point of view because I would like to know how businesses deal with these situations

 

[carlazai]

First thank you for so many good replies

The overdraft at 9.9% was just what HSBC quoted me. I looked on moneysupermarket and found a loan for 2k over 2 years at 7.9%, total interest payable ~£150.

So looking for CC with interest free is the best option from the replies

The only thing putting me off is seeing the dent in savings, it’s a psychological thing hehe

These are the clubs http://www.americangolf.co.uk/navpr...=irons1&title=Mizuno-MP-57-Irons-(Steel,-3-PW)

 

[carlazai]

Surely a worse psychological thing is getting a bill every month showing what you owe is increasing?

Certainly from a CC point of view. Thats what i was going to avoid like the plague

But from the advice i'm just going to hit my savings