Debt Free- Woohoo!

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
Debt free as of 2 October 2009
Mortgage free wanabee
«134

Comments

  • Nikkei
    Nikkei Posts: 102 Forumite
    Congrats :-) !!!!
  • Congratulations!! :T:T

    I love reading stories like this - shows it can be done. You should have a little treat before you return to moneysaving mode..
    One debt in 100 days £384/1264(£865 left)
    Pay all your debt off by xmas 2014 £276/18864
    NSD 4 and 4 in a row
  • Katy83
    Katy83 Posts: 531
    Debt-free and Proud!
    Forumite
    Well done! That's brilliant news!!
    LBM 17th August 2009 Debt at LBM £18,612 Proud to be dealing with my debts.
  • Damita
    Damita Posts: 344
    Debt-free and Proud!
    Forumite
    Congrats! That's great news
    Debt Then 06.07 - £11,000 - Debt Now £0.00
    DFD Aug 2011
  • Nargleblast
    Nargleblast Posts: 10,762
    Name Dropper First Post First Anniversary Debt-free and Proud!
    Forumite
    Well done! Now you have your life back, don't make the same mistakes again. And please get yourself on the Role of Honour with some tips on how you managed it
    One life - your life - live it!
  • sistercas
    sistercas Posts: 4,803
    Combo Breaker First Post First Anniversary Debt-free and Proud!
    Forumite
    how fantastic!! well done. :T i cant wait till I'm debt free it must feel amazing.
  • Tish_P
    Tish_P Posts: 812 Forumite
    Well done! Fantastic news.
  • Big congratulations! Stories like this spur on the rest of us!
    x
  • Tixy
    Tixy Posts: 31,455 Forumite
    party0019.gif

    Well done you! Big Congratulations - don't forget to add your name to the roll of honour.
    A smile enriches those who receive without making poorer those who give
    or "It costs nowt to be nice"
  • halight
    halight Posts: 3,629
    First Anniversary Combo Breaker
    Forumite
    well done
    feels good!
    :jYou can have everything you wont in lfe, If you only help enough other people to get what they wont.:j
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