The Debt Free Roll Of Honour



  • hollibobs_2
    hollibobs_2 Forumite Posts: 51 Forumite
    Mahoosive congratulations :j

  • GreenSaints
    GreenSaints Forumite Posts: 718
    Debt-free and Proud!
    [FONT=&quot]a. The date of your lightbulb moment[/FONT]
    [FONT=&quot]November 2010 – can’t remember the exact date, but I remember crying on the phone to my bank because I had been charged £250 of overdraft fees that month! When they didn’t help me by spreading it out over the following months, I vowed they would never get any fees from me again. And they didn’t *in the air fist pump*[/FONT]
    b. Debts at their highest[/FONT]

    [FONT=&quot]Couldn’t say exactly – but must have been over £40k. My debts at January 2011 were [/FONT]
    c. Debt-Free Date[/FONT]

    [FONT=&quot]25 July 2014 (TODAY!)[/FONT]
    d. Your one perl of wisdom.[/FONT]

    [FONT=&quot]Don’t deny yourself everything – it’s a marathon, not a sprint! I still went on holiday aboard, but I did it on a budget (like New York – flights and somewhere to stay for £500 for 11 days!) but you appreciate what you want to spend money on. [/FONT]
    e. Links to the MSE guides that helped you[/FONT]

    [FONT=&quot]I did get some money back from CPP and I used the letter template for that.[/FONT]
    f. Which forum threads helped you[/FONT]

    [FONT=&quot]The 1% challenge run by Miss Uni-Debt, really helped. Cutting down my debt into 1% chunks made it seem easier to tackle.[/FONT]
    g. And if you had a debt diary on DFW, a link to it[/FONT]

    [FONT=&quot]I was pretty rubbish at updating my diaries, but here are the links:[/FONT]
    :DDEBT FREE SINCE 25.07.14! :D
    Debt at Highest (November 2010) - circa £40k
  • sallyjo_2
    sallyjo_2 Forumite Posts: 59
    Debt-free and Proud!
    Lightbulb moment 2005
    Debt at highest about £29k
    Debt free date last payday!
    Pearl of wisdom - get help, mine was from the CCCS, now stepchange and this forum helped big time. Then change yourself. Acknowledge your role in getting in trouble but don't beat yourself up because you were lured there! Learn to mistrust the banks and credit cards industry. Always respond to creditors in writing never in person or on the phone, keep excellent records, go for full and final discounted settlements whenever you can and keep your eye focused on the day you're free. Also pay yourself first and save. The 52 week savings plan works for me and pays for Christmas. Week 1 save £1, Week 2 save £2 .... You save over £1200 in a year
    Thank you all x
    Sally Jo
    Almost debt free! About 4 months to go!! YEAH
    "Annual income twenty pounds, annual expenditure nineteen nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery." Dickens-from David Copperfield
  • Upsidedown_Bear
    Upsidedown_Bear Forumite Posts: 18,264
    10,000 Posts Combo Breaker
    Congratulations LittleMissKitty, GreenSaints and sallyjo:T:T

    sallyjo - don't forget to change your signature as you are now debt free not almost debt free :beer:
  • gothrockchic1
    gothrockchic1 Forumite Posts: 1,959
    Part of the Furniture 1,000 Posts Combo Breaker Photogenic
    Congratulatiosn to everyone who became debt free this week :j
  • tracylou
    tracylou Forumite Posts: 55 Forumite
    My debt seems nothing compared to the amounts here, but at the time (1981) it was a lot. We were a young couple with two small children, living from payday to payday, struggling to make ends meet and no savings. With Christmas coming, we decided to get a credit card and before we knew it we had spent £850 of the £1000 limit. I was so shocked I got the scissors and cut the card in bits.
    Needless to say, we were now worse off as we had this bill to pay every month. We could only manage the minimum amount most of the time and it took us over three years to finally clear the debt. I swore then that I would never again put myself in that position, and I haven't.
    So debt-free since 1984. My children (now in their 30's) are also debt-free as they've heeded my warnings about the pitfalls of having a credit card. I know how quickly debts can mount up and get out of control, especially nowadays with so many credit cards so easily available.

    Congratulations to everyone on here, I know it's been hard but well done.
  • moohound
    moohound Forumite Posts: 1,209
    Debt-free and Proud!
    Congrats to all the newly free, it is a great feeling, enjoy :)
    ISA £1675 :DMiniMoohound savings £3685.86 :T Plus £3800 CTF :)
    'MrMoneyMuststache' my new hero, Martin Lewis my long time hero
    Poacher turned Gamekeeper
    Roadkill rebel No 52 Aug £1.34p Sept 24p Oct 5p Nov 5p Sealed pot Challenge No 403 £176.66(2014) :staradmin NOV NST No 20
  • Karen777
    Karen777 Forumite Posts: 416 Forumite
    well done to all of you - really inspiring and can't wait to join you!
    Debt at highest - June 2013 - 26k/ March 2018 - 2500
    Proud to be dealing with my debts
  • FlacosFloozie
    FlacosFloozie Forumite Posts: 733
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    I made my final credit card payment today and am now debt free!

    a. The date of your lightbulb moment
    November 2011. I started my diary in December but my LBM came the month before when, having accepted a job with a paycut, working out that we could manage I got a letter from HMRC telling me I owed them too :(

    b. Debts at their highest
    Over £17000. I'd already sold a car and payed off 3k when my diary started.

    c. Debt-Free Date

    d. Your one perl of wisdom.
    Allow yourself to live a little. I'd tried and failed before because I took an all or nothing approach... and each time I fell off the wagon I did it in style. Taking it slow and steady and allowing a few treats along the way made it workable.
    On, and meal plan. That has stopped me wasting so much money.

    e. Links to the MSE guides that helped you
    Oddly enough, possibly the savings and mortgage guides helped most as they gave me something positive to aim for.

    f. Which forum threads helped you
    The old style grocery challenge was a massive help in those first few months. On DFW the Completely Crazy Clothes Challenge and the Extra Payment a Week challenge have been fantastic.

    g. And if you had a debt diary on the Debt-Free Wannabe board (DFW), a link to it
    I do, its not very exciting I'm afraid but here it is

    A really big thanks to Martin and all the users of this site. I couldn't have done it without you guys :T
    Overpayments 2023 £2507 Mortgage £129,500 Jan 22 Final payment June 38 Now £113,000 FP Aug 37 Emergency Fund £17,500 100% Added to ISA 23 £900 Save 12k in 23 £10116.43/18500 54% Debt Free 31.07.14
  • Ellieseleven
    Ellieseleven Forumite Posts: 2,118
    1,000 Posts Combo Breaker Debt-free and Proud!
    Well done to you all, such an inspiration and popping on here helps keep me on track.

    Good luck to each and everyone of you

    Ellie xx
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