Debt Free in 2009 support thread

clearing_out_my_pockets

keza wrote: »

hi all! im workin hard at becoming debt free in 2009! it was originally 2010 but now im engaged it has to be this year! my target is xmas 2009!

total debt is £10,641 as at today! :mad:

Welcome and thankyou to the Dragon for welcoming in my absence.

Although I can't add you to the list on the first page, I can give you a number (if you want) - Number 82.

Also, why don't you pop over to the weddings board - we have lots of money saving tips, as saving / planning for a wedding can be a financially daunting experience! Congratulations, by the way!

stacy

£23.51 paid off of cc. off to update

The_Dragon

Another £30 paid off - I hope that this month I will have paid more that the minimum and I will have started nibbling away at the debt!

I only say half of what I pay as the rest I assume is interest :mad:

goinggoinggone

Well I can't believe it! We have been paying into a savings account, watching it build up while our debt balance decreases as we couldn't make overpayments to a loan. We have just phoned to check the redemption balance and we are £345 over!!!!

This journey started when we realised that a loan my boyfriend had taken out had suddenly snowballed to £16k!! Looking into it, it turns out they had added a lump sum payment protection and other bits which had doubled the loan. A google search found this site and it has quite frankly changed our lives a bit. Through this site we managed to reclaim the insurance as he had not ticked the box for it. That made the loan seem a more manageable amount. We switched our credit cards to interest free where we could and used the snowball. Through this site I have been doing surveys and mystery shopping and paying every single little amount into our savings account. Through this site I also started doing competitions and have had an amazing year, winning a fair amount in cash plus 14 nights 5 star all inclusive holiday for 4 which we are taking in November. We have had ups and downs, moving into a wee cottage which needed renovating (and heating), cars that needed replacing etc etc..We also got engaged at New Year but don't yet have any rings (to be honest we didn't need diamonds as it was a wonderful clear starry night on the moor - what more could you ask for ).

We're now going to continue saving the same amount each month (unless I don't find work as I have just graduated). We have spent soooo much time talking and dreaming of this moment. Now we can move forward with our plan to rent out our cottage and move to Australia for as long as we want (maybe permanantly!). If we hadn't found this site our debt free date would be 2012 or beyond and quite frankly we wouldn't have been able to achieve our dream.

Crikey this is getting loooong so i'll shut up. But seriously thank you soo much, thanks Mizmir for this thread which gave us focus and gooood luck to all :beer:

goinggoingGONE x x

The_Dragon

Goinggoinggone that is fantastic news!!! Go you and your OH :j:j:j:j

Virtual champagne corks going off here!

utopiah

well done goinggoinggone :j:j:j:j:j:j sooo pleased for you both, it must be a great feeling being debt free :T:T:T

skint_spice

Well done goinggoinggone :beer::beer::beer:

Broken_hearted

well done goinggoinggone

slig

Congrats goinggoinggone!

Broken_hearted

Vanquis down to £360 after paying £100 of, the interest is crippling horrible horrible card.