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New to MSE.com and wanna be debt free!

Hiya guys,

Just came across the site and think its brilliant to have other people in the same boat and trying to get out of it!

Consider me a Debt Free Wannabe!!!!!

Cheers

Jim
Debt Free By Olympics 2012
Start Jan 2010 - £17589.73
At 05/02/2010 - £640.99 paid (3.64% Paid!)
£16948.74 to go! (96.36% to go!)


Comments

  • savingmummy
    savingmummy Posts: 2,915 Forumite
    Debt-free and Proud!
    Hi Jim, welcome.
    This is a fab board, lots of advise and help from all different people in all different circumstances.

    Are already becoming debtfree or just starting out?x
    DebtFree FEB 2010!
    Slight blip in 2013 - Debtfree Aug 2014 :j

    Savings £132/£1000.
  • Shoe_Gal
    Shoe_Gal Posts: 7,235 Forumite
    Part of the Furniture Combo Breaker
    Hello and welcome :D
    Sometimes it's hard to walk in a single woman's shoes - that's why we need really special ones!
    Total debt @ Oct 2008: £29,226.42 Credit Card- £[STRIKE]7493.56[/STRIKE] - £7243.56
    Weightloss : 0/34lbs
  • Hi Jim, welcome.
    This is a fab board, lots of advise and help from all different people in all different circumstances.

    Are already becoming debtfree or just starting out?x

    Been going through it with Other Half for the last few weeks coming up with a plan of action! So you could say just starting out!

    Obviously the debts dont include the mortgage, thats a challenge for a later date ;)
    Debt Free By Olympics 2012
    Start Jan 2010 - £17589.73
    At 05/02/2010 - £640.99 paid (3.64% Paid!)
    £16948.74 to go! (96.36% to go!)


  • savingmummy
    savingmummy Posts: 2,915 Forumite
    Debt-free and Proud!
    Have you both used a SOA?
    It is really helpful and shows you everything in a clear layout.
    Here is a link incase you need it http://www.makesenseofcards.com/soacalc.html

    I couldn`t of done it without using this, its been my lifesaver!!
    It has also helped me to reduce most of our outgoings too x
    DebtFree FEB 2010!
    Slight blip in 2013 - Debtfree Aug 2014 :j

    Savings £132/£1000.
  • Done them yea. Can afford to pay off 750 quids worth a month. Used the snowball thingy as well to see which debts to pay first.

    Im new here, but a long time reader! So found the tools easily.
    Debt Free By Olympics 2012
    Start Jan 2010 - £17589.73
    At 05/02/2010 - £640.99 paid (3.64% Paid!)
    £16948.74 to go! (96.36% to go!)


  • The road has started! First 3 debt repayments made yesterday, 11 more next friday, then 22 full months till debt free!!!!
    Debt Free By Olympics 2012
    Start Jan 2010 - £17589.73
    At 05/02/2010 - £640.99 paid (3.64% Paid!)
    £16948.74 to go! (96.36% to go!)


  • sammey90
    sammey90 Posts: 166 Forumite
    well done - sounds like you'll soon see a difference in your debts. after while it'll make you feel really smug, knowing that your debts are 'melting away'!

    Sarah x
    Oh for Goodness' Sake!! Here we go again :(
    Total debt £4,839.51 (Still adding it up though :( )
    Now : £4, 759.81
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