What will you do when finally Debt free

eyeopener2

Save a large emergency fund, pay off my mortgage at my DMP rate and never, ever borrow a penny again.

wigannwuk

eyeopener2 wrote: »

Save a large emergency fund, pay off my mortgage at my DMP rate and never, ever borrow a penny again.

Amen....to that

destroyerofdebt2011

My top 5 plans for when i am finally debt free(exc mortgage),
1) Join a gym
2) Pay for a holiday in the sun with saved up cash
3) Make regular overpayments to my mortgage
4) Get some cash togethor and go for a clothes shopping spree
5) Start saving up 6 months worth of income for the "just in case fund"



D.O.D

moneybuster

Funny really

i am almost debt free :beer:

i found before my LBM!

I wanted it(whatever) but couldn't really afford it:eek: and got it and regretted it,after my LBM and all the hard work, now i can afford it i don't really want it, just the basics will do and i enjoy every one of them,

the best things in life are still and always will be, free

MB

rising_from_the_ashes

Not exciting I'm afraid - for me, my first priority is to learn to budget:o and ensure I never get into debt again.

I've been in debt for years (very recently got rid of the last of it:j) and have never been able to budget as it's always been "rob Peter, pay Paul" every month as one debt became more urgent than another:o.

I've done a new SOA and have enough money to live - not extravigantly but there's enough to pay all the bills / put set amounts away each month to cover things / have the odd luxury (sky .....;) but only basic package) and have a wee bit left every month.

I know I have to do it as it's really the only way to avoid getting into a mess again, but never having done it (I'm nearly 40:o) TBH, it terrifies me:eek:

Ultimately, I'd love to go on holiday - last one was in 1999 (paid for by the cc of course:() and I'm going to put away a bit each month into a "holiday pot" and when I've got enough saved, that'll be my treat.:D

rising_from_the_ashes

Wigannwuk - how long have you got to go?

dell33

Hopefully enjoy continued good health with my family.

Never, ever again take credit.

Enjoy a few saturdays with my DH as he works every saturday at the moment.

Enjoy putting the kids through college and savour their achievements without having to worry about money.

wigannwuk

rising_from_the_ashes wrote: »

Wigannwuk - how long have you got to go?

Since I started the thread I've had a few UPS and downs but my plan is to be debt free in 15 months....I'm trying to batton down the hatches as quickly as poss as I work for a small company and u never know what's round the corner.

rictus123

I am really REALLY pushing to be debt free by xmas....would mean i can save enough in January alone to pay for holiday to Florida next year, then the next 10 months saving for house deposit...should have at least £20k. Iv become an absolute addict and i love it. Even if i dont get debt free until January, Febuary will pay Florida and i will have 10 - 12 months to save that £20k for moving out.

Bring it on, my dream is in my OWN home at 21 with gf...would be lovely. Saving enough just incase i move out myself......So covering worst case...
Lets do it