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josephine82
Forumite 359 posts
Today I am debt free! :j:j:j:j:j:j:j
When I joined this site in April I had 2 debts amounting to £3264.76. :eek:
One was a loan, and one was the outstanding finance on my car.
Anyway I'm glad to say that as of today I am now debt free. I am amazed at how much I have saved over the past 5/6 months to put towards my debt. About £900 of this was a small payment from my inheritance, which I am really thankful for. The rest of my inheritance is now in a locked account and I'm now going to be saving the £300 that I was saving before, plus the £80 HP payment every month, towards a deposit for a house.
It feels amazing that I now have no debts, and that i can start seeing my house deposit grow and grow. I am also on a mission to cut my budget even further, to finish the month with money in my account to go into savings. My finances are so well organised, budget for everything and anything and so I'm really hoping to save as much as possible and buy a house as soon as possible!
Next step is to request my credit reports as I havent done that for about a year, to check everything there is sorted- should be, and close any old accounts. I want my credit rating to be as perfect as possible when I apply for a mortgage!
Thanks for all your help and advice!
Josephine x
When I joined this site in April I had 2 debts amounting to £3264.76. :eek:
One was a loan, and one was the outstanding finance on my car.
Anyway I'm glad to say that as of today I am now debt free. I am amazed at how much I have saved over the past 5/6 months to put towards my debt. About £900 of this was a small payment from my inheritance, which I am really thankful for. The rest of my inheritance is now in a locked account and I'm now going to be saving the £300 that I was saving before, plus the £80 HP payment every month, towards a deposit for a house.
It feels amazing that I now have no debts, and that i can start seeing my house deposit grow and grow. I am also on a mission to cut my budget even further, to finish the month with money in my account to go into savings. My finances are so well organised, budget for everything and anything and so I'm really hoping to save as much as possible and buy a house as soon as possible!
Next step is to request my credit reports as I havent done that for about a year, to check everything there is sorted- should be, and close any old accounts. I want my credit rating to be as perfect as possible when I apply for a mortgage!
Thanks for all your help and advice!
Josephine x
Debt Free as of 2nd October 2009 :T
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Replies
I love reading stories like this - shows it can be done. You should have a little treat before you return to moneysaving mode..
DFD Aug 2011
x
Well done you! Big Congratulations - don't forget to add your name to the roll of honour.
feels good!