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WooHooo!! Debt free here I come!

Steve1963
Steve1963 Posts: 44 Forumite
in Debt-free wannabe
I'm a bit excited :j

Just finished rearranging my credit card debts and have been able at last to do an accurate snowball calculation. With my current debts (cards and loans)at around £39000 I could be debt free by November 2009:D This is assuming I don't increase the amount I am paying off, which is a possibility, so I may be debt free even sooner.

Of course I will have to avoid a lifetimes habit of taking on more debt and credit whenever I see something I want, but I had a pretty shattering lightbulb moment so I feel more in control now than I ever have.

Wish me luck!

Steve

Comments

  • MCBIRNIE25
    MCBIRNIE25 Posts: 555 Forumite
    Steve,
    best of luck mate, it really does give you an incentive when you see that debt free date and the determination to meet it.
    All your friends on this board will be shouting and roaring you on.
  • ladybirdh2
    ladybirdh2 Posts: 98 Forumite
    Steve good luck to you being debt free soon
  • LookingAhead
    LookingAhead Posts: 4,633 Forumite
    Hey Steve - that's great news! You'll love seeing that figure come tumbling down.

    I hope you find something you can 'hold on to' to keep giving you that boost or virtual kick up the bum if you are tempted to stray from the path (as we all do!).

    Keep coming back on here for inspiration, advice and general support.

    xx LA xx
    Bank Balance: In the black for the moment.
    Sainsburys Loan: Cleared July 2010
    Credit cards: AMEX Airmiles Card: direct debit set to clear balance monthly
  • poppy_f1
    poppy_f1 Posts: 2,637 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    good luck :)
    its a good feeling when it all comes together and you see the amount coming down
  • seven-day-weekend
    seven-day-weekend Posts: 36,755 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    It's a good feeling Steve, when you can see the way ahead! Well done!
    (AKA HRH_MUngo)
    Member #10 of £2 savers club
    Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton
  • Hippychick
    Hippychick Posts: 738 Forumite
    Good Luck Steve, It's great having a goal.

    I have found that by cutting back on things even if a small amount and chucking that extra few quid at my debts really helps and will bring that date forward even sooner.


    CC debt at 8/7/13 - £12,186.17
    Barclaycard £11,027.58
    Halifax £1,158.59
    5 year plan to live unsecured debt free and move home
  • saubryn
    saubryn Posts: 610 Forumite
    Love to hear about lightbulb moments! Good luck!
    DFW Nerd No. 140 :)
    Status as of 30/11/12
    [strike]Rent 2500 Council Tax 800 NlPower - 800[/strike][SIZE=-2]:j IF - 8000 :(British Gas - [strike]112[/strike] - 102 Lloyds - 1123
    Barclays - 306 Barclaycard 1,123 HSBC - 200 Capital 1- 400 Barclayloan - 4500[/SIZE]
  • Steve1963
    Steve1963 Posts: 44 Forumite
    Thanks all. I'll keep you posted on progress (or otherwise!:eek: )

    Steve
  • halloweenqueen_2
    halloweenqueen_2 Posts: 3,312 Forumite
    Go Steve!!! Good luck!
  • FrugalJo
    FrugalJo Posts: 549 Forumite
    Part of the Furniture Combo Breaker
    Brilliant post Steve ! Very inspiring. Well done.
    It's something I haven't sat down and done as yet, I'm still muddling though after some blips but it is top of my to do list.
    The man who removes a mountain begins by carrying away small stones. - Chinese Proverb
    Jo
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