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What will you do when you are debt free?

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  • once I'm debt free (feb 2012) I'm going to contine saving what i've been throwing at debt. I have 3 daughters and really need some money in the pot for weddings etc!
    LBM April 2011 £4906

    :j:j DEBT FREE 4th NOVEMBER 2011 :j:j
    Clothes Challenge 2011 £60.24/£200
    Virtual sealed pot #136 - £1.60 Sealed pot # 1365 Nectar card - £8.80 Overdraft £0.00
    Do I need it? Can I afford it? Is it cheaper elsewhere?
  • pleasedelete
    pleasedelete Posts: 2,291 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Once I am debt free (which will be in 3 years once my loan ends) i am going to save for an almighty splurge on a rediculously expensive watch (Tag, Rolex etc). Not the most productive of the ideas on here but it will be something i will have saved for and paid off without using credit which i will be reminded of every time i look at it.



    I have a tag- bought in USA 10 years ago when exchange rates were very good. Just 1 battery replacement. Worth every penny- before that watches lasted a couple of years. In the end you will probably save money getting one. Mine is at about 1.2 p a day at the moment (cost divided by days worn)
    June challenge £100 a day £3161.63 plus £350 vouchers plus £108.37 food/shopping saving

    July challenge £50 a day. £ 1682.50/1550

    October challenge £100 a day. £385/£3100
  • ashaput
    ashaput Posts: 167 Forumite
    1. holiday for about 2 weeks in Japan with family
    2. keep saving
    3. buy some gold coins for investment
  • Emzilla
    Emzilla Posts: 3,839 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    The first thing I have promised myself when I am debt free is an Apple Macbook. Have wanted one for ages and by just saving 2 months of my debt repayments, it can be mine.

    Emz xx
  • rictus123
    rictus123 Posts: 2,560 Forumite
    1,000 Posts Combo Breaker Name Dropper
    Emzilla wrote: »
    The first thing I have promised myself when I am debt free is an Apple Macbook. Have wanted one for ages and by just saving 2 months of my debt repayments, it can be mine.

    Emz xx
    Same as me!! Bought my laptop 2 weeks after i started my job...so 4 years ago!!! Really need to get it replaced but debts come first!

    so much ideas for when im debt free...wont be saving much more than i am now for first few months!
    Work in progress...Update coming July 2012.
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