Money help: hello people!

partlythere

hello people!

what should I do… get into $3000AUD worth of credit card debt debt so i can do a short course to become an English as a Second Language teacher… or wait til i have the money?
-I would be waiting about 8 or 9 months, as i’m going away on holiday
-i currently work in a cafe. but i have a uni degree in arts (english) that i’m not using. have tried looking for a worthwhile job but have found nothing I’d really enjoy. i live in quite a small city
-i feel it’d be good to get this qualification so i can start working as a teacher and make twice my salary again
-i would have to ask for a couple of weeks off work, or even get a new job if my boss says no to the time off.

another option is to try and borrow $5000 from the bank (that seems to be the smallest loan they do). haven’t really explored this option as i assumed $3000 debt is better than $5000 and i really only need $3000!!

Thoughts? Thanks everyone x x

This open post was written 11 months, 3 weeks ago | V/U/S: 124, 14, 3 | Edit Post | Leave a reply | Report Post

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Since writing this post partlythere may have helped people, but has not within the last 4 days. partlythere is a verified member, has been around for 11 months, 3 weeks and has 74 posts and 428 replies to their name.

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credit card, bank, Money, City, language, holiday, The Arts, Teacher, debt, Second language (How Tags Affect Reciprocity)

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Bogdan (Gone) 1 #
An Undisclosed Location | 11 months, 3 weeks ago (7 minutes after post)

Save. Now is not the time to get into debt.

If you do decide, take the 5k bank loan. The interest rate usually means that you end up paying less, and if you pay the 2k back immedaitely, it should really help, but it is better to talk to your financial institution.

Help me with: Ranty Poetic Nonsense

bassracer2 0 #
An Unknown Location | 11 months, 3 weeks ago (8 minutes after post)

i would take the 5k if the intrest is lower and pay 2k on it right away

Help me with: I had a mental break down last week after it felt tht my life shattered.

bassracer2 0 #
An Unknown Location | 11 months, 3 weeks ago (9 minutes after post)

im too slow lol

Help me with: I had a mental break down last week after it felt tht my life shattered.

Bogdan (Gone) 1 #
An Undisclosed Location | 11 months, 3 weeks ago (9 minutes after post)

I am just very quick :P

Help me with: Ranty Poetic Nonsense

partlythere 2 #
An Unknown Location | 11 months, 3 weeks ago (10 minutes after post)

is that the difference between bad debt and good debt? do you think it’s ’safer’ to get the loan, given the world’s economic situation?

Help me with: I just want to do a bit of a rant here everyone!

Bogdan (Gone) 1 #
An Undisclosed Location | 11 months, 3 weeks ago (13 minutes after post)

Absolutely. Although Australia just dodged a recession, it is not a good time to get into any debt at all. Personally, I would save for it, but thats just me.

Like I said, check with your financial institution as to your options. Only take it if you are sure you will be fine. Remember, you have to account for interest rate hikes and how long you can pay the loan for if you lost your job for. If it is only one week to one month, do not get the loan. It is too dangerous.

Help me with: Ranty Poetic Nonsense

partlythere 2 #
An Unknown Location | 11 months, 3 weeks ago (20 minutes after post)

that’s really good advice, thank you. i was kind of unsure whether or not i was being too cautious.

Help me with: I just want to do a bit of a rant here everyone!

partlythere 2 #
An Unknown Location | 11 months, 3 weeks ago (21 minutes after post)

…did we dodge a recession? i thoguht we were heading for depression??

Help me with: I just want to do a bit of a rant here everyone!

Bogdan (Gone) 1 #
An Undisclosed Location | 11 months, 3 weeks ago (21 minutes after post)

No, I heard about home loans that you need to sort out time. If interest rates went up and you lost your job, how long could you afford to pay before you are “screwed”

Help me with: Ranty Poetic Nonsense

Bogdan (Gone) 1 #
An Undisclosed Location | 11 months, 3 weeks ago (23 minutes after post)

partlythere wrote:
…did we dodge a recession? i thoguht we were heading for depression??

I heard yesterday that we dodged a recession, just.

Help me with: Ranty Poetic Nonsense

RuleCandela 4 #
An Unknown Location | 11 months, 3 weeks ago (29 minutes after post)

save it! its better to have it on you

Help me with: can anyone give me a link to tht clip of “dateline to catch a predator” when one of the predators gets tackled by a police officer?

zoo_baw 3 #
An Unknown Location | 11 months, 3 weeks ago (3 hours, 32 minutes after post)

don’t go away on holiday. settle your finances first. holidays can wait.

viciousreality 2 #
An Unknown Location | 11 months, 3 weeks ago (9 hours, 20 minutes after post)

Save the money…then go get your certification. The harder the money is to get to take the certification course, the better you will do in it.

Help me with: Is my boyfriend cheating on me?

partlythere 2 #
An Unknown Location | 11 months, 2 weeks ago (22 hours, 37 minutes after post)

holiday is already booked.

viciousreality wrote:
The harder the money is to get to take the certification course, the better you will do in it.

that’s so true!

Help me with: I just want to do a bit of a rant here everyone!

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