What are your plans when you finally become debt free?

SarahNeedle1872

oldandwise wrote: »

I was amazed at this forum which shows exactly why the country is in the state it is. With so much money owed is it any wonder we are in this state? Apart from a mortgage paid up 20 years ago my wife and I pay any money, i.e credit card, energy bills and all the other things necessary for living, in full when they are due and therefore live a life debt free it is easy if you don't hanker after all the latest things. just be happy with what you have.

So totally right oldandwise.... sadly many of us are just figuring this out now - hindsight is a wonderful thing!!!

nitha wrote:

Cancel that final credit card! And wish I wasn't a 6yo 20 years ago when lucky oldandwise paid off his mortgage.

:rotfl:Brilliant!

sallymander

When I finally reach DFD (May 2011 if not sooner) I will treat my parents and OH to a lovely holiday as I owe my sanity to them at the moment. :T My parents have loaned me some money to get me on the DFW path and OH who is lucky to have a large income and low outgoings has paid for a holiday for both of us this year.

I will also save a HUGE chunk of money for emergencies, because my freezer, vacuum and cat have all broken down this month! (although the kitty has now been repaired ). I will also start to do up my house to make it into the place I want it to be.

It was 'emergencies' and trying to finish my house that got me into debt in the first place. I come from a frugal family and have never really splashed my cash but life throws at you the things you least expect. So next time I will make sure I am more prepared. That way the least expected thing will be winning the lottery.... especially as I don't play it!!!!! :rotfl:

Jinx

When I am debt-free (summer 2010) I will be cracking open the bubbly with my hubby who has been so supportive while trying in vain to understand as he's never had debts.

I'd love to think I'd build up a nice nest egg asap but instead I think I'll be putting Jinx junior through university which will make me very happy .

Savings so that I know I can afford to cover all necessities and the odd luxury. I'd love to see theatre tickets or a holiday and KNOW I have the cash available.

Finally, I think I will make a donation to a money-related charity. This site has given me guidance/information and reassurance as it has to countless others and I think those who have come out the other side can afford to give a little back.

honeysavingexpert

Hello all, I'm new! Thought I would start on this thread as I think deciding what you'll do to celebrate at the end is the most positive way to look at things. My DFD is more than three years away, but I am already looking forward to the party I'm going to throw in 2012...

SarahNeedle1872

When I am debt free, hopefully next year, I intend to save for a decent deposit for a house, then get a mortgage and be a MFW instead of a DFW (although I'll still be here every day )

Sx

powned

when i have paid of my debts im going to get a great big loan and a platinum card! only kidding, i plan to save like hell!

bathgatebuyer

For me it will be all about tackling the mortgage.................

SarahNeedle1872

powned wrote: »

when i have paid of my debts im going to get a great big loan and a platinum card! only kidding, i plan to save like hell!

Now, that sounds like a *much* better idea!:rotfl::rotfl::rotfl:

redlol03

My philosophy has changed since I lost my husband. Yes I became debt free and that's a great feeling- able at last to really treat the kids etc, but what a double edged sword!!!
I really believe in living for the moment- savings are great but appreciate what you've got now and live life to the full. I wouldn't change a thing and I have great memories of past holidays, meals etc. Balance is the key- some savings, lots of insurance policies, and loads of treats with your loved ones, after all, you can't take it with you (as my mum used to say!).

Sorry if I depressed you all xx

crapwithcash82

My ultimate aim would be to have in savings what I had in debt (around £20k at its worst!!) But other than that, I'm just looking forward to being able to go away for weekends and the odd holiday with my other half and our daughter.... and to have a sibling (or two!) for her without having to worry about silly debts from my teenage years! Good luck to everyone x