From: "GraemeC" 
Newsgroups: uk.finance
Subject: Re: Loans V Credit Cards V Savings
Date: 28 Feb 2007 13:57:22 -0800
   posting-account=IohQ_gwAAACCdmrvfrBX1XvPZ-VTtfc1

On Feb 28, 4:05 pm, "vilemerchant"  wrote:
> "GraemeC"  wrote in message
>
> news:1172500576.931056.299350@s48g2000cws.googlegroups.com...
>
> >I have a debt of around 10,000 split between credit cards and loans.
> > I also have savings of 2000.
>
> You're mistaken, you don't actually have any savings.  What you have is
> money that you're stupidly keeping in the bank instead of paying down
> liabilities that are costing you in interest.  Anyone with a 2K credit card
> limit can go and draw it all out of an ATM and say they have 'savings', but
> it's not the same.

Thanks for the lack of help and abuse.

As I said in my post, I know that I could save money (Which incidently
would amount to less than10pounds a month.) but I have that money
there in case I should lose my job I would still be able to make
payments in the short term.  So don't say what I am doing is stupid.
If anyone actually has any answer to my specific question I would be
grateful.