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Debt Free Day Came Early!!
nellis10
Posts: 1,350 Forumite
Hi Folks...Just want to have a little jump up and down...I AM NOW DEBT FREE!!
A little history....
For the last goodness knows how many years...well 8 really, I have been living with a consistent debt of around £3-5K...depending on circumstances each year it would go up or down, but always around the same.
In April, DH and I split....a number of factors, but money was one of them. He tends to be a cautious spendthrift and I am a little more care-free (OK head in bucket really!!!) He hasn't been in debt for 20yrs and then I come along with my little load of debt and it freaks him...understandably....wee love!! :rotfl:
Anyway....I was sitting here in July/August....single mum, £3.5K in debt, no hubby, and thinking I gotta sort myself out....I made a somewhat drastic step and cashed in my endowment policy for £6300. (It's part WP and part MF so couldn't be sold and too much hassle anyway!! - Besides I got my shares out of them, so I'm happy!!) I've paid off my CC - £2200, my overdraft £1000 and solicitors fees etc £1000 and now I am sitting with a black figure in my account and not a red one!!! :T :j
Oh and hubby and I are working towards getting back together again (NOT because I am now debt free.....that was the least of our problems....but it's no longer one to count!!) So all in all...August started out pants and has finished on a really high note.
Can I also just say, that I have been working towards a budget for the past 2 months and whilst I have had a slip-up or two, I ahve on the whole managed to stick at it. These skills I have learned will come in useful for budgeting the household income once we are back together formally...so all in all it can only get better from here on in...there should be enough left over each month to put towards a yearly holiday without having to resort to credit ever again....YAY!!! :T
Thanks for loads of advice I have been reading here and on TMF!!
A little history....
For the last goodness knows how many years...well 8 really, I have been living with a consistent debt of around £3-5K...depending on circumstances each year it would go up or down, but always around the same.
In April, DH and I split....a number of factors, but money was one of them. He tends to be a cautious spendthrift and I am a little more care-free (OK head in bucket really!!!) He hasn't been in debt for 20yrs and then I come along with my little load of debt and it freaks him...understandably....wee love!! :rotfl:
Anyway....I was sitting here in July/August....single mum, £3.5K in debt, no hubby, and thinking I gotta sort myself out....I made a somewhat drastic step and cashed in my endowment policy for £6300. (It's part WP and part MF so couldn't be sold and too much hassle anyway!! - Besides I got my shares out of them, so I'm happy!!) I've paid off my CC - £2200, my overdraft £1000 and solicitors fees etc £1000 and now I am sitting with a black figure in my account and not a red one!!! :T :j
Oh and hubby and I are working towards getting back together again (NOT because I am now debt free.....that was the least of our problems....but it's no longer one to count!!) So all in all...August started out pants and has finished on a really high note.
Can I also just say, that I have been working towards a budget for the past 2 months and whilst I have had a slip-up or two, I ahve on the whole managed to stick at it. These skills I have learned will come in useful for budgeting the household income once we are back together formally...so all in all it can only get better from here on in...there should be enough left over each month to put towards a yearly holiday without having to resort to credit ever again....YAY!!! :T
Thanks for loads of advice I have been reading here and on TMF!!
2024 Challenges
- Grocery Budget (January £0/£300)
- Decluttering (Underway!)
- Frugal Living (January £0/£500
- 24 in 2024 (0/24)
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Comments
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Cool
write yourself a letter with promises never to make the same mistakes again
Every month take it out and read it, just to remind yourself0 -
Well done you! I bet it is a nice feeling
:heartpuls CG :heartpulsEver wonder about those people who spend £2 apiece on those little bottles of Evian water? Try spelling Evian backward.0 -
Well done nellis10.
:TDebt free since December 2015. It can be done0 -
Congrats!
Hope eveything works out with your hubby too (if that is what you want). Well done!April Grocery Challenge £81/£1200 -
Congrats
Hope this is the start of things going up and up for you 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]0 -
:j congratulations nellis, feels good doesnt it?:j0
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Yey well done you!!Debt £5600 all 0%0
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Excellent. Bet you're feeling great!0
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well done - I hope it all works out for you (hubby wise)
😁0
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