What will you do when you are debt free?

svb53

Afternoon all.

I need a bit of motivation and inspiration at the moment to help with the debt clearing. So out of interest, what will you do when you're debt free and funds allow?

I will:
* go on holiday that I've paid for with cash
* have an emergency amount of money in a bank account that just does not get touched
* start saving for a newer car


I'm sure there's more, I'll add them as I think of them.

SVB

MerseyLad

Definately something as a reward....something I thought i'd not be able to do.

Luxury holiday?

loopy.magic

The first thing I'm going to do is frame and display my first bank statement that shows NO DEBT outgoings (other then rent/mortgage). Then in no particular order:

1. Holiday (haven't had one for 5 years)
2. Stoozing and earning cashback from credit cards (start using the banks instead of letting them use me)
3. A brand spanking new laptop
4. A celebratory dinner with the family

Yargo1

loopy like the idea of the framed bank statement.. would be a great moment for me too

id love to get a new laptop or an ipad and also maybe move house... but still a way off for me...

Learning2Budget

I will start overpaying my mortgage, short term, save some pennies for new clothes. Longterm save for newer car. Roll on 2018!!x

Sharon87

Save up to go to Florida for 2-3 weeks go to every theme park and watch a week of NASCAR.

And also save up emergency fund - the less exciting thing out of the 2!

rictus123

Well first i will get house deposit+furnishings+build on emergency fund+moving fees...

Then i will start saving for a car...

while saving for one off expenses through the year...mot,insurance etc.

I want emergency fund to grow by at least £2,500 a year.

I have big big plans and the wheels are in motion!

Pauper1

OH & I were only talking about this earlier this morning! How weird.
We would go on a couple of holidays, get new wardrobes & then save for moving house & babies!
I am loving the idea of framing the bank statement!!! I will be doing that too now.

secretshopper75

Mine will be the to use the next two month's DMP payment to go on a really nice holiday, then start overpaying the mortgage as we have 10 years left and should be able to get that down to 7 with a little hard work

Reya

- Save all the money I was paying toward my debt for a few months, then boggle at how much it actually is. Then:

- Get the garden done (hire someone to dig up and take away the overgrown stuff and re-turf the lawn so I can actually spend some time out there instead of firefighting as best I can)

- Get the house re-painted (it's still in the main proudly wearing the trade magnolia that was here when the ex-OH and I moved in, years ago)

- New furniture (want to start replacing all the stuff the ex-OH and I bought together)

- Finally transform the spare bedroom into the study that I've always dreamed of having [STRIKE]instead of the clutter hole it currently is[/STRIKE]

vax2002

are you ever out of Dent if you have gas and electricity ? hmm Token meters I suppose