NEW - pay off £20,000 (ish) by Christmas 2009

mel19632

£152 to Mint and £80 to Citicard. Go9od to hear everyone's debt busting news! Keep up good work xx

kashton_2

I seem to have come to a bit of a standstill, we were OD last week so even my savings have slowed. The good news is i can clear one debt at the weekend when my last loan payment comes out, and, the smallest CC balance at the end of the month so not bad going for march. Also i am a quarter of the way through my target!

Hmmm, can you tell i am trying to cheer myself up a bit here? Keep going everyone, we are all doing really well

richestorags_2

I have paid another £250 to CC1 today (Nationwide), sig updated......(slow and steady wins the race!)

richestorags_2

Nearly every day when I wake up I think about how much more enjoyable life will be without paying at least 1/3 of my earnings to debtors. All going well, by Xmas 2009 I will be very nearly there - I just can't wait - it's been about 10 years!

Batfink

richestorags wrote: »

Nearly every day when I wake up I think about how much more enjoyable life will be without paying at least 1/3 of my earnings to debtors. All going well, by Xmas 2009 I will be very nearly there - I just can't wait - it's been about 10 years!

I know the feeling - my problem, currently, is that I keep seeing that I'm getting towards the end and think 'Oh, I've got quite a bit more money now - I could afford a nice new car on PCP'. I think I'm officially stupid.

x

sarahs999

I think that's a really important point. What happens when we are debt free? There will need to be a huge shift in lifestyle to avoid getting into debt again. Of course we've done the main one, which is to avoid getting any further into debta nd start paying it off, but once the cards are clear, might the temptation not rear its head again?

I think I'm just going to try and put the energy I've put into paying off debts, into saving. That way I know that if I want a new car, or a kitchen, I have to save for it. It's how I always used to work ad how I was brought up, before I got sucked into the world of easy credit.

richestorags_2

I can't speak for everyone but I know that I will never get into debt again (mortgage aside). If 10 years of hassle isn't enough of a lesson then nothing ever will be.

With my monthly repayments, I could probably afford a decent holiday every month and I know what I'd rather be doing!!

richestorags_2

I suppose you could then join the mortgage free wannabe section?!

Batfink

When I was at school, I was a bit of a computer geek and really wanted a printer - they were not that common in those days. So I went to my local computer shop and chose the one I wanted, and rather than offering me credit like everywhere does now they gave me a little card so I could join their savings scheme.

The printer was put to one side for me, and each week after doing my saturday job I'd go along and put the whole £5 that I'd earned onto my savings card - and if I got any birthday or christmas money that went on too.

It probably took me 4 or 5 months to save up, but when I made that final payment it was a wonderful feeling. I doubt there is a computer shop in the country that does a scheme like that anymore

x

lemma1968

I have managed another £100 off today. I have updated my sig.

I will try and catch up on everyone's posts later but it seems that we are all desperate for a touch of nostalgia!