Finally! DEBT FREE!!!

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Steameh
Steameh Posts: 369 Forumite
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edited 24 April 2012 at 3:32PM in Debt-free wannabe
After 8 years in debt, I've finally done it! Well in a fashion.

I have £200 remaining on my 0% credit card, I've just been paid today and have £900 in savings!

HAPPY DAYS!

The £200 is on 0% for another 10 months so I'm just going to clear that at £20 a month and start some serious saving!

I've closed all but one of my credit cards and reduced my available credit from £13,000 to £1000.

I kind of wish I didn't have to save so I could have a year living with plenty of holidays but my next goal is a mortgage.

I have £1260 coming in every 4 weeks and plan on putting £900 of that in an ISA.

Keep plucking away people, there is a light at the end of the tunnel!


[threadbanner]box[/threadbanner]
EMERGENCY FUND CHALLENGE - £2,292.05 / £6000

DEBT FREE DATE - 16/02/2021
Pay Debt by Xmas 2021 - No.134 - £2,871.64 / £2,871.64 - 100% Paid
Pay Debt by Xmas 2020 - No.134 - Target: £7,985 / Achieved: £5,113.36
Pay Debt by Xmas 2019 - No.134 - Target: £15,985.00 / Achieved: £8,000
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Comments

  • RhiBi
    RhiBi Posts: 703 Forumite
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    well done! I look forward to the day I can post a message like this!
    Virtual Sealed Pot No.07
  • Hatecreditors.com
    Hatecreditors.com Posts: 119 Forumite
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    Well done Steameh. Excellent result!
    Debt at Start of DMP in October 2009 - £45,000 :mad:
    Debt in March 2014 - £0.00 :beer:
  • shortyslk
    shortyslk Posts: 174 Forumite
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    FANTASTIC!!! that's brilliant :D x
  • bluebird
    bluebird Posts: 378 Forumite
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    Excellent,well done,Brilliant,good work,all these terms sum up the feeling of being debt free.we are debt free too have been like this for years,enjoy your hard work and sit back and relax,breathe deep and exhale.congratulations.
  • Steameh
    Steameh Posts: 369 Forumite
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    Thanks people! And apologies for going on in a Debt Free Wannabe forum. I just needed to shout about it.

    To everyone still seeking to become debt free, just keep at it and stay focused. That's rich coming from me because of the amount of times I've lost focus but you will get there.

    The crazy thing is I'm now saving up to take on the biggest debt of my life.... A mortgage :(
    EMERGENCY FUND CHALLENGE - £2,292.05 / £6000

    DEBT FREE DATE - 16/02/2021
    Pay Debt by Xmas 2021 - No.134 - £2,871.64 / £2,871.64 - 100% Paid
    Pay Debt by Xmas 2020 - No.134 - Target: £7,985 / Achieved: £5,113.36
    Pay Debt by Xmas 2019 - No.134 - Target: £15,985.00 / Achieved: £8,000
  • Triggles
    Triggles Posts: 2,281 Forumite
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    Well done!! Enjoy that lovely feeling of being debt - free!
    MSE mum of DS(7), and DS(4) (and 2 adult DCs as well!)
    DFW Long haul supporters No 210
    :snow_grin Christmas 2013 is coming soon!!! :xmastree:
  • inthegreen
    inthegreen Posts: 170 Forumite
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    brilliant news well done you:j
  • naughtymonkey
    naughtymonkey Posts: 22 Forumite
    Debt-free and Proud!
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    Fantastic!! :D

    Well done - it's posts like these that keep the rest of us DFWs working at it     :)
    LBM: 18/12/08

    £42,769.52 repaid to MBNA, Capital One, HSBC, RBS & Citibank:eek:

    DFD finally reached - 29/04/15     :cool: Thank you PayPlan!! :D
  • debbiedebt
    debbiedebt Posts: 224 Forumite
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    Well done!! It's good to hear that being debt free does happen even if you lose focus occassionally.

    My situation is the reverse of yours - the mortgage is paid off but the debt isn't ....... yet!!!
    Debt Free Date [STRIKE]December[/STRIKE] June 2019

    GC January £0/£180
  • miss_lisalou
    miss_lisalou Posts: 188 Forumite
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    Well done! :T Inspirational. I can't wait to be in your position
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