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I'm now debt free!!
kiote
Posts: 10 Forumite
Thursday was an emotional day for me! after 5 years of mis-managing my finances and clocking up £8500 in credit cards, over drafts and loans my savings account was finally higher than my personnal loan so I waved goodbye to £5,544.72
I'm very proud of myself as it was last christmas I realised the danger of my situation and in January 2011 pulled everything together under one loan then committed every penny to clearing it. My earlist estimate for repayment was June 2012 but thanks to some daft hours at work, a few months working 2 jobs and one week on a medical study (thankfully no side effects) I repaid the full amount in just under 11 months.
I guess now I can start saving for all those things I've wanted to buy for a long time - £350 and saving!
:beer:
I'm very proud of myself as it was last christmas I realised the danger of my situation and in January 2011 pulled everything together under one loan then committed every penny to clearing it. My earlist estimate for repayment was June 2012 but thanks to some daft hours at work, a few months working 2 jobs and one week on a medical study (thankfully no side effects) I repaid the full amount in just under 11 months.
I guess now I can start saving for all those things I've wanted to buy for a long time - £350 and saving!
:beer:
Debt at its worst - £8500 January 2011
Debt free since 24/11/2011
Saving goal - £10,000 for house deposit 26/01/2017
-£2300 in ISA by 17/02/12
Debt free since 24/11/2011
Saving goal - £10,000 for house deposit 26/01/2017
-£2300 in ISA by 17/02/12
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Comments
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Congratulations Kiote, onwards and upwards now!0
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Thanks, after years of living in the instant world of debt and one year of no spending I now need to work out how to function in this debt free one and how to best save for all the things I want - there is a real temptaion to go and buy a motorbike on finance ready for the summerDebt at its worst - £8500 January 2011
Debt free since 24/11/2011
Saving goal - £10,000 for house deposit 26/01/2017
-£2300 in ISA by 17/02/12
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Congratulations kiote - how lovely to have put this to bed before the start of the new year
Well done and good luck for a happy debt free future xLBM Aug '07 Debt [STRIKE]£52,615[/STRIKE] :eek: DEBT FREE Aug '12 :jCap One CC £[STRIKE]5000[/STRIKE]/£0 - HSBC CC £[STRIKE]7500[/STRIKE]/£0 - HSBC Loan £[STRIKE]12,225[/STRIKE]/£0M&S CC £[STRIKE]11,500[/STRIKE]/£0 - Egg CC £[STRIKE]8750[/STRIKE]/£0 - Sains CC £[STRIKE]3000[/STRIKE]/£0HMRC £[STRIKE]3140[/STRIKE]/£0 - OD £[STRIKE]1500[/STRIKE]/£0Pay off ALL your debt by Xmas 2012 £14,128/£14,128 :j0 -
Congratulations on clearing the debt.:beer:Proud to have dealt with my debts, became debt free on 03/11/2011. Repaid £54,723.41 LBM May 2006.
Debt Free Roll Of Honour #504
Mortgage Free from October 20190 -
Well done! :T:T:T40 to go0
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Congratulations Kiote :j
Now you have to start living in a new world - a debt free one - how freeing! Looking forward to that day myself!
If you're tempted by other loans etc, just remember how it feels to have debts hanging over you
CC2 3/2/11 [STRIKE]£435.45[/STRIKE][STRIKE] 3/3/11 £425.76[/STRIKE] [STRIKE]6/5/11 £402.37
[/STRIKE] 6/8/11 £328.82
The Great Declutter 2011 - email decluttering 5/2/11 [STRIKE]2030[/STRIKE][STRIKE]3/3/11 2000[/STRIKE] [STRIKE]3/5/11 1850[/STRIKE]22/11/11 16000 -
Hi,
Well done on clearing the debts. Might help others if you can post some of your wisdom on how you did it.
Also, make sure you add yourself to the DFW roll of honour.
^dk^0 -
Fantastic Kiote, well done:beer:LBM August 2011. DFD somewhere post [STRIKE]2025[/STRIKE]2022 :eek:
Total debts October 2011 circa GBP 17,700 September 2018 GBP 0 DMP with Payplan
What doesn't kill you makes you stronger:T:D:D:D0 -
congratulations!:T:beer::j
Must be such a great feeling, and it must have taken a lot of determination and will power so I hope you're feeling very proud of yourself
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Massive congrats to you Kiote!0
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