We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
any success stories??
wizard3891
Posts: 243 Forumite
Is there anyone here that has a success story about getting themselves out of debt
It would be great to see some posted up to give us new debt free planners some more confidence in our plans actualy working
It would be great to see some posted up to give us new debt free planners some more confidence in our plans actualy working
0
Comments
-
Debt in 1993: £35,000 | Debt in 2006: £0 | Assets in 2006: £2.3m and counting. :j
Anything is possible with hard work, determination and the love of a good woman.
There is no upper, middle or lower class. Simply those that have class and those that don't.
0 -
wow thats some turn around. Our debt free date is 2009 as we have £1000 a month to service the debt so we are looking forward to a good lifestyle living within our means. Me and girlfriend are 22 and earn over £42k between us.
I am determined to be debt free by then and I cant wait!!
Thanks for the inspiration..... not sure if ill end up a millionaire though lol.
:rotfl: fancy making a donation to my snowball plan lol0 -
Ms_london has done brilliant getting herself debt free. Will try and find a link to one of her threads.0
-
Try this thread, if the link works that is. http://forums.moneysavingexpert.com/showthread.html?t=33634
Regards
XXbigman's guide to a happy life.
Eat properly
Sleep properly
Save some money0 -
Hi X,
What a story - well done on getting through all that and I hope that you and your daughter are very happy.
scottishspendaholic xMBNA = £4,000 / Next = £925 (approx. tbc on 19/8)
Tesco = £2,910.11 / Smile overdraft = £500
Bank of Scotland = £2,782.830 -
Xbigman
Your story has helped to inspire me all over again. I had my lightbulb moment 18 months ago with debt of £24500 secret from my husband... he found out, which helped, and I have cut right back, snowballing like mad, and the debt is now £7750... so I am on my way, but finding it hard at the mo. Inspiring stories really help, so thanks!
p_bMFiT-T2 no 66. To clear £61000 mortgage by 10 Dec 2012new balance 5/11/12 £18000Not going to make target but still delightedBig debt £24500 Lightbulb moment Aug 04 :eek:All paid off 20.12.06 - YEEESSSS!!!!!!:j0 -
pineapple_beach wrote:I had my lightbulb moment 18 months ago with debt of £24500 ... the debt is now £7750...
almost 17 grand paid back in 18 months. That's inspirational in itself! Well done, i can't wait til i'm writing the same things!
Dec 2005 £8,500
April 2007 £0
Paid Off Since Lightbulb Moment £8,500
Debt Free Date: APRIL 16 2007
:j :j :j :j :j :j :j :j0 -
Xbigman wrote:Try this thread, if the link works that is. http://forums.moneysavingexpert.com/showthread.html?t=33634
Regards
X
Fantastic post you linked to X
All the best xMortgage-free wannabe!0 -
Hi all
We are almost debt-free. The last debt of all was a Cahoot fixed-rate loan @ 6.9% being paid @ £252.03 a month due to end on 12th March 2007. It was manageable, but it began to 'bug' me and I wanted rid. I couldn't pay it off quicker, wasn't allowed, so for the last few months I've been saving hard with the intention of paying off the loan when the amount of savings equalled whatever the balance was by then.
Recently however I've been allowed a Mint credit card at 0%. I've used £1500 of Mint's money along with my savings, and have this morning cleared off the Cahoot balance of £3404.10. What a great feeling!
Of course I'm not totally debt-free - the £1500 remains to be paid off. But better to owe £1500 at 0% than £3400 at 6.9%. I have the 0% offer until October so it will be easy to pay off by then. I've also reactivated my Egg card and have £4500 at 0% until November. I'm using that money for 'stoozing'.
As a retired wrinkly I am lucky - I don't need all my income and I can save £350 a month easy-peasy. I've just increased the amount I pay to my stakeholder to £200 a month gross (£156 a month from me, thank you, nice Mr Taxman!) We may need a little extra in years to come, especially if - as will happen in the nature of things - one of us is left on his/her own. I was widowed, redundant and left with little income back in 1992 - I never want to be in that situation again.
Aunty Margaret[FONT=Times New Roman, serif]Æ[/FONT]r ic wisdom funde, [FONT=Times New Roman, serif]æ[/FONT]r wear[FONT=Times New Roman, serif]ð[/FONT] ic eald.
Before I found wisdom, I became old.0 -
Hi Aunty Margaret
So pleased that you are nearly there with the debts, congratulations for October!Debt Oct 2005: £32,692.94
Current debt: £14,000.00
Debt free date: June 20080
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.9K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards