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  • FIRST POST
    • debtfreeindeed
    • By debtfreeindeed 8th Feb 18, 2:22 PM
    • 2Posts
    • 11Thanks
    debtfreeindeed
    Debt Free Indeed
    • #1
    • 8th Feb 18, 2:22 PM
    Debt Free Indeed 8th Feb 18 at 2:22 PM
    I am so excited I can literally dance!

    I am a long time reader but never a poster and I have to say my daily dose of reading really kept me motivated. For the past couple of years, we tried to pay off our debts, all £32,000 of it.

    Not even sure how we ended up with so much debt in 5 years but buying a house, travelling and too much month at the end of our cash didn't help.

    But we did it we have cleared it all

    Now my next dream will be to be mortgage-free.

    For all those continuing please keep posting because it truly motivates even those who do not post but read like me.
Page 1
    • CapricornLass
    • By CapricornLass 8th Feb 18, 2:28 PM
    • 112 Posts
    • 336 Thanks
    CapricornLass
    • #2
    • 8th Feb 18, 2:28 PM
    • #2
    • 8th Feb 18, 2:28 PM
    Well done!
    Sealed Pot Challenge no 265.
    • enjoyyourshoes
    • By enjoyyourshoes 8th Feb 18, 3:29 PM
    • 1,043 Posts
    • 1,275 Thanks
    enjoyyourshoes
    • #3
    • 8th Feb 18, 3:29 PM
    • #3
    • 8th Feb 18, 3:29 PM
    Excellent

    now work out how best to redistribute the cash spent getting debt free to benefiting yourself.

    Balanced approach would be recommended, savings, investments and reducing mtge (as post suggests)
    Debt is a symptom, solve the problem.
    • adaptimproviseandovercome
    • By adaptimproviseandovercome 8th Feb 18, 6:04 PM
    • 7 Posts
    • 16 Thanks
    adaptimproviseandovercome
    • #4
    • 8th Feb 18, 6:04 PM
    • #4
    • 8th Feb 18, 6:04 PM
    Congratulations, well done and enjoy the moment!!
    • deux x m
    • By deux x m 8th Feb 18, 9:37 PM
    • 9 Posts
    • 23 Thanks
    deux x m
    • #5
    • 8th Feb 18, 9:37 PM
    • #5
    • 8th Feb 18, 9:37 PM
    Congratulations - fantastic work
    • loken152
    • By loken152 9th Feb 18, 11:13 AM
    • 42 Posts
    • 67 Thanks
    loken152
    • #6
    • 9th Feb 18, 11:13 AM
    • #6
    • 9th Feb 18, 11:13 AM
    Well done, it is a fantastic feeling!
    • debtfreeindeed
    • By debtfreeindeed 10th Feb 18, 10:15 AM
    • 2 Posts
    • 11 Thanks
    debtfreeindeed
    • #7
    • 10th Feb 18, 10:15 AM
    • #7
    • 10th Feb 18, 10:15 AM
    Thank you

    Yes, now we are looking to reduce the mortgage by overpaying and also to work on savings for the future.

    Retirement is priority as I would like to retire before 50.
    • Toomuchdebt
    • By Toomuchdebt 10th Feb 18, 2:39 PM
    • 1,832 Posts
    • 3,036 Thanks
    Toomuchdebt
    • #8
    • 10th Feb 18, 2:39 PM
    • #8
    • 10th Feb 18, 2:39 PM
    Congratulations!! That's awesome!!
    Debts Jan 2014 £20,108.34

    Debts Feb 2018 £6829.63

    EF #70 £0/£1000
    • another casualty
    • By another casualty 10th Feb 18, 3:13 PM
    • 3,315 Posts
    • 5,176 Thanks
    another casualty
    • #9
    • 10th Feb 18, 3:13 PM
    • #9
    • 10th Feb 18, 3:13 PM
    Cool! Great stuff
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