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Original poster

going on holiday whilst in debt

154 replies

thewearyone · 03/09/2023 22:28

Hi,

Me and dh has our lightbulb moment in July 2020 and realised that our debt was totally out of control. We set ourselves a target to be debt free by July 2026 - 5 years.

We have been so disciplined and have made great progress. We have paid off 36K in 3 years. We haven't once used a credit card, store card etc and this has become our new norm. We have also been able to build an emergency saving fund.

Next year a very close family member has a 'big birthday' and has invited us to join them on a special holiday. It will cost us 4K. We have settled for UK camping trips since starting our debt free mission and the plan was that we would not go abroad until is was all paid off.

I desperately want to go on this holiday. I have spoken to my dad about it ( he is going on the holiday) and he has offered to pay our 4K for now and then we will repay it when all of other debt is cleared. I am so tempted to do this.

would it be awful of us to do this?

OP posts:
ThunderCloudsinSumer · 12/09/2023 20:33

Op I'm now extremely careful with money and try and save after not being in huge debt but just having no extra money or savings or bejng able to afford anything at all.
Every month every penny is assigned somewhere and I have researched investing etc.

You both have the correct habits now and are working so hard to free yourselves of debt but it all hangs one dad and can be afford it and if its s one off opportunity. Somethings we need to grab people may not be alive when you've paid all your debt offer

cushioncovers · 14/09/2023 13:08

So what did you decide op?

Bertiesmum3 · 30/10/2023 18:26

Is it possible to save money towards the holiday so you’re not borrowing so much off your dad?
That way as you’ve contributed towards it you won’t feel so bad about going on holiday?

sansou · 31/10/2023 01:05

Stick to your plan/financial goals. Temptations will challenge your discipline. Let's face it, any holiday is a luxury if you can't afford it - which you can't if you still have a significant amount of debt left. YOLO obviously isn't the mantra of someone with a saver's mentality!

Unemployment and redundancies are starting to rise.......

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