16
Jun
2015
A question about : Is credit card best way to pay for childcare?
For the next 6 months I am taking a wage cut, and will struggle to pay approx. Ј450 per month for childcare. However in August I will be back in full time employment and could afford repayments. I was considering a 0% card to help me out. Is this the best thing to do? Any other ideas folks?
Best answers:
- I think most people will say first of all it's best to reduce your spending. Failing that a 0% card is a good method of temporarily borrowing money, but quite risky unless you are 100% sure that you will be able to pay it back?
Are there any relatives you could use instead of paid childcare? - If it can be paid by a CC then it's worth clarifying that it's a Spending 0% Card that you need ideally.
- I have covered all bases in terms of free childcare, cutting spending, and earning more as much as I can. Thankfully this is only a temporary situation! Ideally need credit now to pay majority back in 6 months.
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