The Debt Free Roll Of Honour

Hovel_lady

sparklefrog wrote: »

Lightbulb moment. well there wasn't one. I knew my ex husband was spending beyond our means, but was powerless to stop him. Finally ended the marriage 1993 and left with two kids and all his debt (he did a runner to america and as the divorce hadn't come through the nabbed me as joint and severally liable, even though the loans were in his name only and I didn't even know about them.

Left with 2 kids a mortgage and a wage of 14.5k.
weekly income after bills was initially £50 which I had to feed, clothe and live on.at the time was £5 over the limit to receive any benefits so was well and truly screwed.


debts at highest 18k
Went to cab had cc interest frozen
Finally debt free Jan 2012
Took so long because both my children needed supporting through university,
Can't believe I have finally reached the point where I can actually start saving .The relief is immense
19 years it took me to get out of that hole. not one default or ccj in that time. Wish mse had been around back then, might not have taken so long

Congratulations :T
Enjoy being debt free and being able to save

beanielou

That is just great sparklefrog.
So pleased for you :j

sparklefrog

Thank you. actually wept tears of relief in february when I realised I had paid of the last of my loans and saw my OD gone and had £150 left at the end of the month.
none of my debt was from frivolous spending was purely survival.

mummum2

Fantastic inspirational post sparklefrog! happy and well deserved debt free life to you! :j:beer::T

MM2

frances23_2

Date of lightbulb moment: August 2008 (when i was starting to rely on pay day loans!! EEkk!)
Debts at highest: £45,000
Debt free date: 22/03/2012
Perl of Wisdom: Look at bank account daily and plan your money on spreadsheets

I had been in debt for 13 years ever since going to university, and then racked up debts for the first 4 years after finishing whilst trying to get my career going. The best thing i ever did was come on this website. I got an interest free credit card which saved me a fortune, then managed to claim back ppi which cleared the last bit of my debts. Plus all the bargains posted on here for christmas and birthday presents.

It felt so good this week going into my bank and having a meeting and asking how to save money as opposed to asking for some!

Thank you to everyone that posts on this site.

Hovel_lady

frances23 wrote: »

Date of lightbulb moment: August 2008 (when i was starting to rely on pay day loans!! EEkk!)
Debts at highest: £45,000
Debt free date: 22/03/2012
Perl of Wisdom: Look at bank account daily and plan your money on spreadsheets

I had been in debt for 13 years ever since going to university, and then racked up debts for the first 4 years after finishing whilst trying to get my career going. The best thing i ever did was come on this website. I got an interest free credit card which saved me a fortune, then managed to claim back ppi which cleared the last bit of my debts. Plus all the bargains posted on here for christmas and birthday presents.

It felt so good this week going into my bank and having a meeting and asking how to save money as opposed to asking for some!

Thank you to everyone that posts on this site.

Congratulations :T

January20

a. LBM: August 2006
b. Debts at their highest : £12,568.49
c. Debt-Free Date: 22 March 2012
d. Your one pearl of wisdom: I had been getting more and more in debt over the 6 years preceding my LBM. I discovered ML and this website just by accident. My life changed when I started to take control over things: I totalled up my debts, made extreme use of spreadsheets and spending diaries. I record every pennies that goes into and leaves my bank account. I have a spreadsheet that records all my spending according to categories (ie food, petrol, entertainment, etc). I never buy things on the spur of the moment. I thoroughly research everything I buy even food! I have used this website for moral support for all these years, but I did it pretty much on my own without having a DF diary or subscribing to any thread until the end of 2011 and that was the one mistake I made. It would have been a lot easier on me, and given me a lot more incentive if I had.

And as my friend GreenSaints once said "the road to DF is a long and bumpy one!

e. Link to diary: https://forums.moneysavingexpert.com/discussion/comment/52000509#Comment_52000509

Hovel_lady

January20 wrote: »

a. LBM: August 2006
b. Debts at their highest : £12,568.49
c. Debt-Free Date: 22 March 2012
d. Your one pearl of wisdom: I had been getting more and more in debt over the 6 years preceding my LBM. I discovered ML and this website just by accident. My life changed when I started to take control over things: I totalled up my debts, made extreme use of spreadsheets and spending diaries. I record every pennies that goes into and leaves my bank account. I have a spreadsheet that records all my spending according to categories (ie food, petrol, entertainment, etc). I never buy things on the spur of the moment. I thoroughly research everything I buy even food! I have used this website for moral support for all these years, but I did it pretty much on my own without having a DF diary or subscribing to any thread until the end of 2011 and that was the one mistake I made. It would have been a lot easier on me, and given me a lot more incentive if I had.

And as my friend GreenSaints once said "the road to DF is a long and bumpy one!

e. Link to diary: https://forums.moneysavingexpert.com/discussion/comment/52000509#Comment_52000509

Congratulations :T

Your long and bumpy road is now at an end

gothrockchic1

sparklefrog wrote: »

Lightbulb moment. well there wasn't one. I knew my ex husband was spending beyond our means, but was powerless to stop him. Finally ended the marriage 1993 and left with two kids and all his debt (he did a runner to america and as the divorce hadn't come through the nabbed me as joint and severally liable, even though the loans were in his name only and I didn't even know about them.

Left with 2 kids a mortgage and a wage of 14.5k.
weekly income after bills was initially £50 which I had to feed, clothe and live on.at the time was £5 over the limit to receive any benefits so was well and truly screwed.


debts at highest 18k
Went to cab had cc interest frozen
Finally debt free Jan 2012
Took so long because both my children needed supporting through university,
Can't believe I have finally reached the point where I can actually start saving .The relief is immense
19 years it took me to get out of that hole. not one default or ccj in that time. Wish mse had been around back then, might not have taken so long

Congratulations :beer:

Just goes to show what doesnt kill you makes you stronger x

GreenSaints

January20 wrote: »

a. LBM: August 2006
b. Debts at their highest : £12,568.49
c. Debt-Free Date: 22 March 2012
d. Your one pearl of wisdom: I had been getting more and more in debt over the 6 years preceding my LBM. I discovered ML and this website just by accident. My life changed when I started to take control over things: I totalled up my debts, made extreme use of spreadsheets and spending diaries. I record every pennies that goes into and leaves my bank account. I have a spreadsheet that records all my spending according to categories (ie food, petrol, entertainment, etc). I never buy things on the spur of the moment. I thoroughly research everything I buy even food! I have used this website for moral support for all these years, but I did it pretty much on my own without having a DF diary or subscribing to any thread until the end of 2011 and that was the one mistake I made. It would have been a lot easier on me, and given me a lot more incentive if I had.

And as my friend GreenSaints once said "the road to DF is a long and bumpy one!

e. Link to diary: https://forums.moneysavingexpert.com/discussion/comment/52000509#Comment_52000509

You are a legend January! May your financial independent road be pot hole free