What is your debt-free motivation?

frasersmum123

Apart from the relief and general good feeling you will get from being debt free, what are you other motivations?

For me, once I am debt free, we are going to save to go on a Fly-Drive in California/Nevada. To keep me motivated I have pages from a holiday brochure stuck to my fridge.

LilacPixie

Sounds bizzare but buying a bigger house and somewhere that we will stay forever.

lilac_lady

I AM debt and mortgage free and my inspiration was to have a happy retirement and not become dependent on anyone. I also want to to keep visiting places I've never been to for as long as I can. Any surplus will be used to help out my family.

Keep looking at your brochure!

crazyhazy

Like Lilcapixie, my motivation is so we'll be able to move to a bigger house in a couple of years time. Currently we're in a 2 bed flat which while it's lovely we want to have a house and garden for the girls in the not too distant future.

LilacPixie

crazyhazy wrote: »

Like Lilcapixie, my motivation is so we'll be able to move to a bigger house in a couple of years time. Currently we're in a 2 bed flat which while it's lovely we want to have a house and garden for the girls in the not too distant future.

Exactly our position. 2 bed flat which thankfully I bought several years ago so small mortgage but high levels of unsecured debt. Two kids 4 months and 25 months old and we just need to get the unsecured stuff shifted and savings established so we can sell up and move on.

MrsPitcher2b

I am getting married, and want our perfect day and not have to worry about should we really be buying this when we owe that etc...

meerkat2007

Initially, my motivation is just to get out of all debt including the mortgage, then spend some money on the house to get the kitchen and bathroom, and general decor into a state that I will be happy with long-term.

After that, it will be to save enough for my retirement, so that:

• I don't have to worry about monthly household bills;
• I can afford to run a small car;
• I have enough in the bank to take care of any major repairs to the house and car;
• I can afford to support a small rescue dog.

If I can also factor in the odd weekend away with my dog, that will be a nice but not absolutely necessary bonus.

Sharon87

My motivation is a holiday that I've been planning for a while in 2011.

Me and brother are going to Florida for 3 weeks. 1 week to watch NASCAR racing, then the other 2 weeks we're going to all the theme parks there.

If I don't get debt free by then, I'll still probably go! lol. I'll just be in more debt lol.

Another motivation is that I'm going to get driving lessons when I can afford to. As long as I get a regular work next year my overdrafts should be paid off within a year. Then I can rebuild my credit rating, then in 7-8 years time, ok maybe 10-15 years I can start to think about buying a house/flat.

CheshireCat

I want to be debt-free so that we can start saving for a baby... and then upgrade from our 2-bed flat to a 3-bed semi with a nice garden

Though I do become rather obsessed with planning and re-planning, and watching every little penny....I think it's important to live in the present and not wish your time away. :rolleyes:

hypno06

I want to be debt free before my children finish school so that I don't feel the pressure when they go to uni.....

But the biggest "driver" for me is that I want to live in a particular part of town.......and that isn't the cheap part I have wanted to live there since I was a very little girl, so it really is the thing of dreams.

Broken_hearted

Just to be free. Simple as that. (oh and to tell Barclaycard to get lost)