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Debt Free- Woohoo!
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josephine82
Posts: 469 Forumite
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 2 October 2009
Mortgage free as of 27 March 2024
Mortgage free as of 27 March 2024
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Comments
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Congrats :-) !!!!0
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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 £276/18864NSD 4 and 4 in a row0 -
Well done! That's brilliant news!!LBM 17th August 2009 Debt at LBM £18,612 Proud to be dealing with my debts.0
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Congrats! That's great newsDebt Then 06.07 - £11,000 - Debt Now £0.00
DFD Aug 20110 -
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 itOne life - your life - live it!0
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how fantastic!! well done. :T i cant wait till I'm debt free it must feel amazing.0
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Well done! Fantastic news.0
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Big congratulations! Stories like this spur on the rest of us!
x0 -
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 giveor "It costs nowt to be nice"0 -
well done
feels good!:jYou can have everything you wont in lfe, If you only help enough other people to get what they wont.:j0
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