What are you looking forward to the most when you become Debt-Free?

mandy4

Being able to save all the money I'm currently putting on the credit card and invest it! So I can have my money in my hands, working for me and I'm not giving money to others for them to earn a profit on!

Saving for other things too, like travel...

Being able to look at my bank balance and know it's all mine and I don't owe anyone...that will be the greatest burden lifted

amosworks

Becoming a millionaire.

Getting out of debt for me wasn't just about not being poor - it's about being filthy stinking rich Woots.

mrs_mug_2

I look forward to being able to go out with friends. My husband never had a stag do and hasn't been to any of his best friend's stag do's since. He has found it really hard so when we are debt free we're going to save up and him and his mates can have a long weekend away doing 'stag do stuff'

Then I want to take the children on holiday.

markrmagee

I'm looking forward to saving for a house rather than renting

seven-day-weekend

I was never in unmanageable debt, but we did go from two full-time salaries to two part-time unexpectedly through illness, and therefore the amount of maoney we had to service our debts reduced dramatically.

I hated a large proportion our salary going on the mortgage, loans and credit cards. We never defaulted, and at the most our debt(apart from the mortgae) was abourt £12k, but that was a HUGE amount to us). We were often 'robbing Peter to pay Paul' and never seeming to get out of the overdraft .

We got debt- and mortgage free last year by selling the investment property. (In the end we put all our debt's onto its mortgage, because we knew we were going to sell it in the near future). We put it up for sale and then asked for a payment holiday -it was granted. We also took early retirement at this time,i n our 50s, so there was quite a lot of life changes all at once! The apartment sold within three months and therefore all debts cleared and we still had some money left over.

Anyway, what I liked best about being debt-free was the feeling that any money we had was now ours. We could call the tune as to what we did with it. Nobody could take anything away from us and that we were not beholden to anyone else at all.

If anything my life has become more frugal, not less, since we've been debt-free, but that's because we now have much less income (I personally have none). But what we do have is OURS and we haven't got to use it paying interest. WE get the interest instead!

Sorry for the ramble.

dinkylou

To know that I can then start saving for my 'GAP' year out travelling.

To know that I don't have to live from payday to payday and to feel pretty smug that I fought myself out of debt instead of blaming other people or the government.

To know that I could take a paycut and it not be the end of the world.

To feel free to make more choices.

bobbadog

My boy and I look forward to buying a house of our own (more debt, admittedly!) - we want to buy cheap, do up, rent out to other people and use the money for his 'pension' (as he's self employed).

Other than that, i'm really looking fwd to owning lots of shoes. x

cowshed-76

I'm looking forward to having more family days out when i'm debt free. Legoland, Wooky hole etc. etc. and also traveling with the wife. Revisiting Cyprus for a second honeymoon will be awesome and I want to see San Francisco's site, the golden gate epecially.

Also on a day to day basis, just not having the worry of debt.

QueenB.

I look forward to having all that money that i now pay out, or feel guilty about spending, to ourselves, OUR money, not money put to one side for someone else.

That freedom, control and relief will be very welcome after so many years in debt.

Then once i have a few months of enjoying that i will start to plan more enjoyable things, like saving towards a house, travel and just enjoying life that tiny bit more.

Gemmzie

Retirement probably!

After clearing my mini-debt, there's uni to pay for (five years or more) then buying a house, kids one day...