The Debt Free Roll Of Honour

gothrockchic1

reallyAnnoyed wrote: »

a. The date of your lightbulb moment mid 2007 when lost my job and left with massive Cc debts.
b. Debts at their highest £15k
c. Debt-Free Date Feb 2009
d. Your one perl of wisdom. Few actually.

• Consider investing in your professional growth with debt management. You can significantly increase your incomings this way.
• Don't hasitate to move to a new town if the move would save you money (in terms of living and travel costs).
• If you have some extra cash at the end of month, pay it towards your debt - remember, your debt appears on your credit file, not your savings. You can win a lottery and buy a Ferrari on cash, yet may not get a contract phone because of your bad history.

.

Congratulations!! :T

lollypopswater

a. The date of your lightbulb moment - 05/01/09
b. Debts at their highest - 13.5k + Student Loan (circa 5k) + car loan 5.5k = 24k
c. Debt-Free Date 16/06/12
d. Your one pearl of wisdom. Remember to keep living your life and treat yourself sometimes or you will never stay on the wagon!
e. And if you had a debt diary on DFW, a link to it


No diary but proud to say I've kept living whilst paying everything off, including getting married, having some great holidays and generally enjoying life.


I even now have a small amount saved for the first time in my life and the next step is to save for a new car - no car loan for me this time!

gothrockchic1

CashRequired wrote: »

a. The date of your lightbulb moment September 2009
b. Debts at their highest £8000
c. Debt-Free Date 5th June 2012
d. Your one perl of wisdom. Look at all your outgoings and see where you can cut down. Use eBay to sell things you don't need, you'd be surprised what sells on eBay. Cash in any loose change. Set yourself smaller targets to achieve. So if you owe over 10k, make it your first goal to 9, and so on.

The most important thing is, never give up, keep on plodding on every month. It'll soon go down, it's not easy, but owing £0.00 is worth every day of struggling!

Well Done you!! Great words of wisdom, enjoy your new wealth! :A

gothrockchic1

lollypopswater wrote: »

a. The date of your lightbulb moment - 05/01/09
b. Debts at their highest - 13.5k + Student Loan (circa 5k) + car loan 5.5k = 24k
c. Debt-Free Date 16/06/12
d. Your one pearl of wisdom. Remember to keep living your life and treat yourself sometimes or you will never stay on the wagon!
e. And if you had a debt diary on DFW, a link to it


No diary but proud to say I've kept living whilst paying everything off, including getting married, having some great holidays and generally enjoying life.


I even now have a small amount saved for the first time in my life and the next step is to save for a new car - no car loan for me this time!

Well Done and I believe you have to keep moving forward when your clearing debt and life shouldn't just stop! I think the people who have been in debt are the best savers as they become determined not to be in debt again.

Enjoy your new found wealth x

gothrockchic1

Now it's my turn....

a. The date of your lightbulb moment I honestly can't remember probably a year ago.
b. Debts at their highest £5113.96
c. Debt-Free Date 22nd June 2012
d. Your one perl of wisdom. I have been in debt twice once was pure stupid spending the second because there were things I wanted to do with my life I didn't have the money for.You can make two choices about paying it back.You can take the Fast lane or the Slow lane. I have taken both routes. The Fast lane will leave you burnt out and low. The Slow Lane is better, I made a plan that was realistic and paid it back on my own terms. I was lucky enough to get a 0% deal that enabled me to save to move to a different city, then move to said city and have enough for a deposit. I was lucky to get a job and a flat with my OH within 6 weeks of moving. Then I had more than enough in my savings to pay off the Credit card. So make a plan stick to it but try not to focus on the debt, I'm not saying ignore it but make a plan to pay it off and then get on with living your life.
e. And if you had a debt diary on DFW, a link to it: I have had a few, I warn you they are quite a boring read, one became a spending diary the other became a ranting diary about my OH.

https://forums.moneysavingexpert.com/discussion/2809142

https://forums.moneysavingexpert.com/discussion/3681609

DebtFree2012

Well done - nice to see you made it!

xxx

(638 days till mine!)

gothrockchic1

DebtFree2012 wrote: »

Well done - nice to see you made it!

xxx

(638 days till mine!)

I am sure it will be sooner than that x

northernfly_2

Original light bulb moment: 5th October 2007 (2nd one: December 2010)
Debt at highest: £11,307
Debt free: 30th June 2012
Pearl of wisdom: Definitely do the SOA and set a budget- you will see I had 2 LBM as for about 2 years I chipped away at debt knocking about £3000 off but hadnt made a proper budget. Once I had I managed to pay off just over £8000 in 18 months- and actually felt like I had more money to spend (as I knew where all the money was)

When you are feeling down, or like you cant carry on log on to MSE. There will always be someone here feeling the same as you who you can talk to and always someone that has been there and got through the other side with perfect advice that will help you.

No one judges on here either :O) Thank you to everyone on here!

gothrockchic1

northernfly wrote: »

Original light bulb moment: 5th October 2007 (2nd one: December 2010)
Debt at highest: £11,307
Debt free: 30th June 2012
Pearl of wisdom: Definitely do the SOA and set a budget- you will see I had 2 LBM as for about 2 years I chipped away at debt knocking about £3000 off but hadnt made a proper budget. Once I had I managed to pay off just over £8000 in 18 months- and actually felt like I had more money to spend (as I knew where all the money was)

When you are feeling down, or like you cant carry on log on to MSE. There will always be someone here feeling the same as you who you can talk to and always someone that has been there and got through the other side with perfect advice that will help you.

No one judges on here either :O) Thank you to everyone on here!

Well Done!! :T

DebtFree2012

Congratulations!