What are your plans when you finally become debt free?

angelicmary85

Fortheloveofmoney wrote: »

I think it's natural to feel like this. I've only just been able to hand over my credit card without shaking even though I only use it for things I've already saved for.

We have a cashback card and from next month we will be using it to pay for normal stuff leaving our money safely in our bank account as long as poss. This is scary for me as I still associate credit cards with debt. I'll probably be really obessive and check the online balance 3 times a day like I used to with my bank account :rotfl:

I feel like I'm almost at the end of my journey as although I've been debt free for a year, I still feel like I'm on the maintenance programme.

Thanks for that, glad I don't like like a muppet!!

Lovella

I'm going to buy an eye-wateringly expensive handbag, then hop on a plane to Australia to see my friends and family, and then come home and save, save, save.

helnag

Wow, what a wicked thread...

I'm only just starting out on my debt free journey but have spent the last few days feeling down due to unforseen car breakdowns and other random expenses. This thread has made me feel so much more positive,

So, things I'll do when I'm debt free...

1) Build up an emergency fund for replacement water pumps and fridges and stuff like that = £1000.

2) Set up savings accs for both my girls...and encourage them to save, save, SAVE.

3) Build up general savings for things I would really really like.

4) Take the 2 princesses to Disneyland and have THE best time EVER!!!

xx

angelicmary85

I've been reading the posts and alot of people and I've seen that a few people are wanting to save for their kids. My OH's bro is just turning 21. He has saved nearly every penny he's earned from when he left school at 17. I won't tell you how much he has as it makes me a slight yukky shade of green but he has no living expenses (mummy and daddy buy everything his we heart desires as he still lives at home) so I don't think I'll save for my kids cause I'd like them to learn the value of money the way I did (parents never had any spare cash so I started working at aged 11 to buy the things I wanted) because I think that it's better to have learned the hard way. Is that really cruel? Should I plan to save for the kids?

FeeFee

Don't know about saving for the kids... I will set up a university fund for my DD.. but her savings account is her responsibility. Hopefully I will then be able to pay her fees without getting myself into debt. She can work to support herself when studying..

She gets some pennies when she does extra chores e.g. 50p for peeling potatoes for me, and this then goes in her savings. I may be a cruel mummy but she doesn't get pocket money as such yet and doesn't get paid for her 'standard' chores (bit of hoovering/dusting etc..) as this is her contribution to the running of the house. Am I mean - she is 7??

?evil mummy?

angelicmary85

Not cruel...my 16month old tries to clean the kitchen floor for me!!

pebblespop

when i am debt free (hopefully dec 09) i wanted to:

go on a flash holiday, save up 6 months emergency money, over pay the mortgage, save up for a new car and ease up my month to month budget.

i have now realised i cannot do all of these things - arrrggghhh!!!

i thought i would be rich when i am debt free but i want too much! - maybe thats how i ended up here in the first place!!

newlywed

ghostmadlittlemiss wrote: »

Once I'm debt free, I'm going to London (if I don't already live there) and going to see Phantom of the Opera. I've never been to see a West End musical before and I really want to see that one. Then I'll have a nice meal out with my boyfriend, probably the same night.

Oh it's really really worth going to see. Brilliant. We loved it. That was the last bonus from work I had spent it all on two tickets

sammey90

FeeFee wrote: »

Am I mean - she is 7??

?evil mummy?

My daughter's 7, but since she started school, she's had 5 'jobs' every day - hang her coat up, shoes away, lunchbag in the kitchen, school bag in its place and get changed. If she does all five, she gets a tick. If she gets all five ticks for the weeks she gets pocket money on Saturday - two 50ps - one for the piggy bank, and one to buy an apple from the market(!). Sometimes she wants a book from the second-hand-book-man, so i make her save for two weeks! And you thought you were evil!!! :rotfl:


Anyway, that was all a bit random!! [STRIKE]If[/STRIKE] When i [STRIKE]win the lottery[/STRIKE] become debt-free, i may

1. faint from the shock
2. get new clothes (I'll be thin by then, this DFW stuff does wonders for your figure!!)
3. take my daughter camping again (in our pink flowery tent of course!)

jennyo

Having spent nearly all my married life (over 25 years) worried about money or in debt, when I am debt free in 11 months time, I am going to save.
At the moment I feel like I will never spend money again, life is so sweet now, we rarely argue, we look forward to the post, and I dare answer the phone, this is worth more to me than any "thing" I could ever own.

I've loved reading everyones plans, its all very exciting