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The Debt Free Roll Of Honour
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My LBM was in 2006. I had £8k+ on cards, plus car loans.
I paid off the credit cards nearly two years ago. As of today, June 1st 2012, my last car payment has gone and I am debt free. My money is mine.
My pearls of wisdom? Don't assume the newest, expensive big 'thing' will make your life better. Get what you need and pay your bills first - if there is any money left, then and only then do you think about what you 'want'.
MFW next... that will be a big challenge, but the lessons I've learned as a DFW will see me through.Some days, it's just not worth chewing through the leather straps....
LB moment - March 2006. DFD - 1 June 2012!!! DEBT FREE!
May grocery challenge £45.61/£1200 -
Congratulations :Tbargainbetty wrote: »My LBM was in 2006. I had £8k+ on cards, plus car loans.
I paid off the credit cards nearly two years ago. As of today, June 1st 2012, my last car payment has gone and I am debt free. My money is mine.
My pearls of wisdom? Don't assume the newest, expensive big 'thing' will make your life better. Get what you need and pay your bills first - if there is any money left, then and only then do you think about what you 'want'.
MFW next... that will be a big challenge, but the lessons I've learned as a DFW will see me through.
Enjoy the rest of your debt free life
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bargainbetty wrote: »My LBM was in 2006. I had £8k+ on cards, plus car loans.
I paid off the credit cards nearly two years ago. As of today, June 1st 2012, my last car payment has gone and I am debt free. My money is mine.
My pearls of wisdom? Don't assume the newest, expensive big 'thing' will make your life better. Get what you need and pay your bills first - if there is any money left, then and only then do you think about what you 'want'.
MFW next... that will be a big challenge, but the lessons I've learned as a DFW will see me through.
Well Done you :T0 -
The date of your lightbulb moment - On and off for years,Jan 12 opened 21 Bank Statements :eek:
b. Debts at their highest - £9,875
c. Debt-Free Date - May 2012
d. Your pearls of wisdom. - Think about everything you buy do you really need it ? The amount of things I put back on the shelf now is probably about 85% and keep chipping away no matter how small the amount it all adds up.And keep a diary which is so important
Debt free and Mortgage free thank you to all for your encouragement and advice :j
Crazy Clothes challenge £300/£48 and 5 months /0 without spending :T0 -
The date of your lightbulb moment - On and off for years,Jan 12 opened 21 Bank Statements :eek:
b. Debts at their highest - £9,875
c. Debt-Free Date - May 2012
d. Your pearls of wisdom. - Think about everything you buy do you really need it ? The amount of things I put back on the shelf now is probably about 85% and keep chipping away no matter how small the amount it all adds up.And keep a diary which is so important
Well Done you !!:T0 -
a. The date of your lightbulb moment September 2009
b. Debts at their highest £8000
c. Debt-Free Date 5th June 2012
d. Your one perl of wisdom. Look at all your outgoings and see where you can cut down. Use eBay to sell things you don't need, you'd be surprised what sells on eBay. Cash in any loose change. Set yourself smaller targets to achieve. So if you owe over 10k, make it your first goal to 9, and so on.
The most important thing is, never give up, keep on plodding on every month. It'll soon go down, it's not easy, but owing £0.00 is worth every day of struggling!DFD: 21st June 20120 -
a. The date of your lightbulb moment - February 2005
b. Debts at their highest - £36,000
c. Debt-Free Date - 28th May 2012
Pearls of Wisdom
1. Set small but achievable goals with a time limit.
2. Find a spreadsheet with an incomings/outgoings system you're happy with and use it! For years if necessary!
3. Paying off a little bit every day really makes a dent in the big numbers.
4. Things do not make you happy in the long run. People do that.
5. Never deny yourself chocolate. LBM Feb 2005 - £36000:o DFD 28th May 2012
The Completely Crazy 2012 Clothes Challenge #112 - £000/£000
The Completely Crazy 2014 Clothes Challenge #26 £000 for 6 months
Try not. Do. Or do not. There is no try - Yoda0 -
a. The date of your lightbulb moment - February 2005
b. Debts at their highest - £36,000
c. Debt-Free Date - 28th May 2012
Pearls of Wisdom
1. Set small but achievable goals with a time limit.
2. Find a spreadsheet with an incomings/outgoings system you're happy with and use it! For years if necessary!
3. Paying off a little bit every day really makes a dent in the big numbers.
4. Things do not make you happy in the long run. People do that.
5. Never deny yourself chocolate.
Well done!!Mortgage Balance10 August 2011 £238863.97:eek:Aim: £220500 @ 10/08/120 -
a. The date of your lightbulb moment - February 2005
b. Debts at their highest - £36,000
c. Debt-Free Date - 28th May 2012
Pearls of Wisdom
1. Set small but achievable goals with a time limit.
2. Find a spreadsheet with an incomings/outgoings system you're happy with and use it! For years if necessary!
3. Paying off a little bit every day really makes a dent in the big numbers.
4. Things do not make you happy in the long run. People do that.
5. Never deny yourself chocolate.
Well Done :T:T
LOVE rule no 6!0 -
a. The date of your lightbulb moment mid 2007 when lost my job and left with massive Cc debts.
b. Debts at their highest £15k
c. Debt-Free Date Feb 2009
d. Your one perl of wisdom. Few actually.- Consider investing in your professional growth with debt management. You can significantly increase your incomings this way.
- Don't hasitate to move to a new town if the move would save you money (in terms of living and travel costs).
- If you have some extra cash at the end of month, pay it towards your debt - remember, your debt appears on your credit file, not your savings. You can win a lottery and buy a Ferrari on cash, yet may not get a contract phone because of your bad history.
Mortgage deposit pot June 2012 = almost there.
DFD Feb 2009
CCJ removal date = May 2014
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