What will you do with all your spare money after your DFD?

Katharine

I have to say as far far away as it seems I have fantasys of putting my current amount of £600 a month of debt repayments towards savings and then being both sensible and silly with it, like choose a particular target (say 20k) then when I get there spending half of it on a classic sports car I love and leaving the other half there earning interest. It would be so rewarding to buy something I really want with savings rather than debt! I don't think I will ever be someone who just hoards their money.

Whats your incentive? What do you dream about doing with your 'spare' money after your DFD?

4Chickens

I will hopefully be DF in two years. I am 34yo. I am going to set up a 40 fund. So when I turn 40 I can do some travelling. I would like to go to places like Vietnam, India, Thailand etc. I currently pay about £500 per month towards debts. I figure that by the time I turn 40 I should have approx £24k. Given inflation it will probably take that amount of money if I want to travel for 4-6 weeks. I know this dream seems far away but I am determined.

I would be interested to hear everyone else's dreams of what they plan to do when they are DF

Kevicho

My money plans

1. Driving lessons
2. More qualifications
3. My own Business (which is more than in the works allready)
4. Helping out family

I also want to part fund some educational tapes/flash website on helping people get out of debt

I have learned some flash programming and want to do a site dedicated to basically breaking down the info i have learned here and other sources into something that is a lot more descriptive to learn from

Zabl

cindiedunkley wrote:

I will hopefully be DF in two years. I am 34yo. I am going to set up a 40 fund. So when I turn 40 I can do some travelling. I would like to go to places like Vietnam, India, Thailand etc. I currently pay about £500 per month towards debts. I figure that by the time I turn 40 I should have approx £24k. Given inflation it will probably take that amount of money if I want to travel for 4-6 weeks. I know this dream seems far away but I am determined.

I would be interested to hear everyone else's dreams of what they plan to do when they are DF

Slighty OT...but £24k to travel in those places will be more than enough i would say even in 6yrs time, it is soooooooooo cheap to travel there.... only spent £600 in 8wks in thailand and malaysia! So you'll be a prince......

As for me, when i'm Debt Free and finished Uni [july 2007] I plan to put my money towards saving for a house finally!!

winkle1

saving for a house!

southernscouser

I'm gonna pay for a penis reduction. It proper gets in the way at the moment! :rolleyes: :rotfl:

bluekp

When we're debt free (hopefully in 2009) then I think we'll probably have a luxury holiday, then maybe start a family and probably start overpaying on our mortgage (Fingers crossed :j )

Rob_K

southernscouser wrote:

I'm gonna pay for a penis reduction. It proper gets in the way at the moment! :rolleyes: :rotfl:

haha :rotfl:

clarew

???!!! what i can say to follow that!!:D

-umm, well i think when the kids all hit school (and childcare cost diminsh!!), i will change from being debt free wannabee (living constantly off overdraft), to a attempting to be mortgage free wannabee!! I sure as hell could do with the £1k we pay every month to the bank.

-dreams about the big 40th/50th birthdays, with exotic holidays (when kids are 14yrs and 24yrs old) etc will be enough to keep me going to the tesco value range!!:j

postingalwaysposting

well i am at that stage at the momment as i have just paid everything :j so now my bills stand at £240.20 a month so without over time i will have £435.64 spare every month :rolleyes: so with this money i would like to do these things but maybe not in this order - buy a car, learn to drive, get a passport, go abroad for the first time in my life, save for a rainy day and move out (but not for another 3+ years )

LJD1_2

I'll definitely work at being mortgage free after becoming debt free. But....i'd also like to get to a position where I can afford two holidays a year. Right, back to work with that in mind.