We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
It's over. I am debt free.
frugalzzz
Posts: 138 Forumite
Almost 2 years after my lightbulb moment, (23rd of July 2009) and more than 2 months ahead of schedule, we are debt free :j
We owed nearly €25k at the height of our debts.
We were very lucky to have a decent income to commit to the debts in the first place, and once we got our good practices going we were unstoppable.
We had tried and failed for nearly 15 years prior to this to get out of debt, so we certainly know about the long game.
My major lightbulb moment came when I finally realised that all our debts were about us pretending to be something we are not. It took a while to get dh on board mind you, but once he was, he was fully committed to clearing them. In fact he convinced me to put an unexpected windfall against the debts this month enabling us to finally clear them for good.
All we have to worry about now is our mortgage. In future if want something, we save for it.
I haven't posted much recently, but this forum was instrumental in our success.
Thank you, thank you, thank you!
[threadbanner] box [/threadbanner]
We owed nearly €25k at the height of our debts.
We were very lucky to have a decent income to commit to the debts in the first place, and once we got our good practices going we were unstoppable.
We had tried and failed for nearly 15 years prior to this to get out of debt, so we certainly know about the long game.
My major lightbulb moment came when I finally realised that all our debts were about us pretending to be something we are not. It took a while to get dh on board mind you, but once he was, he was fully committed to clearing them. In fact he convinced me to put an unexpected windfall against the debts this month enabling us to finally clear them for good.
All we have to worry about now is our mortgage. In future if want something, we save for it.
I haven't posted much recently, but this forum was instrumental in our success.
Thank you, thank you, thank you!
[threadbanner] box [/threadbanner]
LBM: 23/7/09. Total Debts on 23/7/09: 24,961
Debt free date 19/5/11 :j
Aga Savings project: Savings so far: €1999.00
Debt free date 19/5/11 :j
Aga Savings project: Savings so far: €1999.00
0
Comments
-
Hi frugalzzz,
Well done on becoming debt free. I hope your debt free journey lets others see it can be done and there is light at the end of the tunnel.
Good luck for the future
RedIf you've nothing decent to say, perhaps you shouldn't say anything.
£2 savings jar £300:D
Total credit card debts £1250:mad::mad::mad::mad::mad: - Will I ever learn!!0 -
Congratulations frugalzzz :T That is fantastic news :j You must be so pleased. Well done and all the best for a debt free future
Gap x
Mortgage at 12/07/2022 = £175,000
Mortgage today = £161,690.76
300 271 payments to go.House buyout fund £21,000/£40,000
0 -
Brilliant, very pleased for you, bet you feel good and so you should.
Keep it up.make the most of it, we are only here for the weekend.
and we will never, ever return.0 -
Thanks guys, it was definitely a surreal feeling today making that final payment against our debts. Dh says he can't stop smiling!
We're keeping all the good practices we learned on this journey and we intend to save a the speed we were paying down debt.
We've always wanted an Aga....better start saving then!LBM: 23/7/09. Total Debts on 23/7/09: 24,961
Debt free date 19/5/11 :j
Aga Savings project: Savings so far: €1999.000 -
Congratulations, well done :TThis time I haven't smoked since 6th Jan 2014 and still going ok.
Fingers crossed x0 -
Well done to both of you. Now go and put your names on the Roll of HonourFind out who you are and do that on purpose (thanks to Owain Wyn Jones quoting Dolly Parton)0
-
Congratulations and well done :T0
-
Well done frugalzszz - it's great to hear about some good news.0
-
Well done! that's a fantastic amount to get rid in two years! :beer::T:beer:
MM2Long Hauler No: 51
DMP Mutal Support Thread No: 207
Proud to be dealing with my debts
DFD - June '13, aiming for December '120 -
Thanks guys! I'll go and find the roll of honour now.
Oooh and must change my siggie too!LBM: 23/7/09. Total Debts on 23/7/09: 24,961
Debt free date 19/5/11 :j
Aga Savings project: Savings so far: €1999.000
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards