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Is anyone ever "happy" they got into debt?

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Ok so happy might not be the right word but is anyone grateful or glad they got into debt?

I am for the simple reason of i am 23 and because i have been in debt i now realise the importance of money and how you can get it to work for you and i can't wait to start saving.

Anyone else feel they have learnt from being in debt? Just something i have been thinking about now i am close to being debt free.
Now a SAHM trying to earn some spare pennies each month
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Comments

  • TurnaroundSue
    TurnaroundSue Posts: 1,214 Forumite
    Hi - not so much grateful for being in debt, as I have never really had massive debt, but what I am grateful for is having to watch my money to make it go further and find new ways and means of achieving this - so I suppose if I weren't in debt and I had no debt repayments then I would have been okay - so in around about way, yes, on reflection I am most probably grateful for being in debt!!!!! IYSWIM:D
    When you were born, you were crying and everyone around was smiling. Live your life so at the end, you're the one who is smiling and everyone around you is crying! :rotfl:
  • southernscouser
    southernscouser Posts: 33,745 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    I'm kind of glad I got into debt. I'm appreciative of the fact I've managed to educate myself about debt and money while I have no responsibilities as such. I just wish I hadn't had got into so much debt. Maybe 'just' £10,000 or so! :rolleyes: :rotfl:
  • Cleosmum
    Cleosmum Posts: 2,673 Forumite
    Part of the Furniture Combo Breaker
    Im glad Im not blindly bumbling along spending money like its going out of fashion still. I still cringe at my old habits, like doing the weekly shopping with no list and just throwing whatever into the trolley and then keeping my fingers crossed that A) it didnt come to too much and B) that it would clear the bank ok. How awful!
  • I am not necessarily happy that I got into debt but if I am brutally office I DID enjoy what the debt got me. I did some great stuff at a time when I could do it (ie when I was a student and didn't have a proper job to worry about) and I am glad that I did it then and I am glad that I have now learned the lesson before I was forced further down the line. I am confident that the lesson that I learned will stay with me for life and will mean that in 2 years when I am debtfree I will have a huge amount of freedom again to do things that I want to do (retrain into a new profession, downgrade to a job that doesn't dominate my life so much, take a career break, do voluntary work whatever I want really - or I may just reward myslef with a pair of manolos - lol)
    £34,547 (Dec 07); Current debt: £zilch (Debt free December 2010)
    Sealed Pot #389 (2010=£133)
  • skint_spice
    skint_spice Posts: 13,389 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I'm glad I seem to have retrained myself not to spend, spend, spend. recently had to take on more debt when I was very nearly clear and it took a fellow DFW reminding me that not all debt is bad debt before I could do it - thanks Maz! Hopefully after another couple of lean years I'll be sorted.
    Mortgage OP 2025 £6000/7000
    Mortgage OP 2024 £7700/7000

    Mortgage balance: £36,680

    ”Do what others won’t early in life so you can do what others can’t later in life” (stolen from Gally Girl)
  • Numpty_Monkey
    Numpty_Monkey Posts: 14,196 Forumite
    10,000 Posts Combo Breaker
    I'm not glad i (ex) got me into debt
    But if i didn't I doubt i would have found this site and all the great people here , and would have just gone through life believing that banks and shops said was best, maybe best for them but not for me
    PROUD TO BE DEALING WITH MY DEBT NERD #869
    Numpty,Not sure why but I'm crying :o . Of all the peeps on this board you're the kindest & most supportive of all & I'm :mad: & :( for you all at the same time . Wish I was there to give you a big :grouphug: & emergency hobnobs
    xx
    DFD 5/1/16
  • thepinklady
    thepinklady Posts: 1,459 Forumite
    I'm glad i got into debt, otherwise i would never of known the true value of money. Going through all i have to become debt free has made me realise spending money you don't actually have is silly.
  • lilmissmup
    lilmissmup Posts: 6,884 Forumite
    Just a little bump to get the day times peoples view (nosy aren't i ;))
    Now a SAHM trying to earn some spare pennies each month
  • Bunnyinthelights
    Bunnyinthelights Posts: 15,278 Forumite
    No, not really. Wish I learned at a much younger age and not had to go through hell to get it sorted...

    But hey ho.
    Empty pockets never held anyone back, only empty heads and empty hearts can do that -Peale
  • IWantToBeFree_2
    IWantToBeFree_2 Posts: 1,831 Forumite
    I'm not glad I got into debt in the slightest because I do not have much to show for it, and all my debt was accumulated whilst still living at home with my parents, so there was no real need for it as I had a good job, earning a good wage and could comfortably live on my wage, why I felt the need to just spend beyond my means is beyond me.

    Its took 2 consolidations to sort myself out....
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