Jdunn55
Member
- Location
- Helston, cornwall
Is it worth doing even if I have an overdraft?
Or am I better off paying the overdraft off first?
All things Dairy
- Thread starter Cows 'n grass
- Start date
Or am I better off paying the overdraft off first?
I was going to say this. Putting money in savings is all well & good but not if the interest is less than any loans or overdraft. Maybe I’m wrong. But it doesn’t make sense to me.
Sorry I thought you said loan? If it's an overdraft I'd pay it off as it's basically an interest only loan and its surprising how much those charges add up. Plus the bank would want to see that shrinking too.
dinderleat
Member
- Location
- Wells
Tirglas
Member
- Location
- West wales
Just an emergency fund I would think. Any amount really over time maybe one milk cheque or a set amount.
Attack the debt at whichever speed your comfortable with and your cashflow can accommodate. Faster you repay the less interest cost you will have
Pay down the highest interest debt
Headless chicken
Member
- Location
- West Wales
imo depends how disciplined you are at saving and not seeing it as “spare” cash. A modest war chest is a worth while investment. Paying off any flexible facilities is a good starting point though because atleast you can have it back if things go Pete tong
- Location
- Co. Antrim
150 acres in pull the sheet over it to rain tonight, mow the other 220 acre on Friday and hopefully the final sheet will be in by Saturday night 
Jdunn55
Member
- Location
- Helston, cornwall
My naughty girls
Newbarton patriot winnie in the front
Newbarton patriot winnie in the front
150 acres in pull the sheet over it to rain tonight, mow the other 220 acre on Friday and hopefully the final sheet will be in by Saturday night
View attachment 1180717
Do you do the whole job yourselves?
- Location
- Pembrokeshire
What a tidy looking clamp of grass150 acres in pull the sheet over it to rain tonight, mow the other 220 acre on Friday and hopefully the final sheet will be in by Saturday night
View attachment 1180717
150 acres in pull the sheet over it to rain tonight, mow the other 220 acre on Friday and hopefully the final sheet will be in by Saturday night
View attachment 1180717
The first picture I’ve ever seen of an Irish farm with side sheets! Top job! Master silage maker!
Happy hillbily
Member
- Location
- Uwchaled, North Wales
It's interesting watching Dave Ramsey on the net, he recommend for people in financial trouble, to pay minimum payments on everything, then put the maximum you can afford on the smallest debt, and get that one paid off first. Then once that debt is gone, use the money you were using to pay off the first to start paying off the second, then so on.
Watching some of the clips it's an eye opener how people are in so much debt, to cards and loans etc , and have no idea how they are going to pay it back, they have no idea of the value of money, and just load one card after and another with debt.
I've gone into the red for the first time in seven years, cashflow gone all to pot this year. Some might laugh at the small amount that I am in the overdraft, but I'll be doing my damnest to get back in the black. I think it stems back to the 80s and 90s when my parents had to rearrange parts of the overdraft into loans one after another for a fair few years.
- Location
- Co. Antrim
No just do the tedding, throw on a couple of trailers and use our shovel to give hand pushing up as well
Holsteinfriesian90
Member
- Location
- Cornwall
Nice heifer. Have you had any patriots calve in yet? So far ours are the best in the bunch but would be interested to see how they perform before ordering more.
- Location
- Co. Antrim
Thanks 1st year using compactor see how we get on
- Location
- Pembrokeshire
What are the side sheets. Cling film or just a straight sheet
- Location
- Co. Antrim
Last years top cover, which was silo stop max
Jdunn55
Member
- Location
- Helston, cornwall
No not yet, I've finally served my first ones after getting organised they'll be calving in at 30 months but nevermind
Will get the above one in soon and start serving her
Last edited:
Grassman247
Member
What make of compactor is it looks a cracking job
Expanded and improved Sustainable Farming Incentive offer for farmers published
Expanded Sustainable Farming Incentive offer from July will give the sector a clear path forward and boost farm business resilience.
From: Department for Environment, Food & Rural Affairs and The Rt Hon Sir Mark Spencer MP Published21 May 2024
Full details of the expanded and improved Sustainable Farming Incentive (SFI) offer available to farmers from July have been published by the...
From: Department for Environment, Food & Rural Affairs and The Rt Hon Sir Mark Spencer MP Published21 May 2024
Full details of the expanded and improved Sustainable Farming Incentive (SFI) offer available to farmers from July have been published by the...