What an Inspiration!

sueh6

As the heading states - what an inspiration this board is :j

Me and DH have been very silly in the past and are now in the midst of clearing our unsecured debts (40% cleared already) and should be debt free in 2 years. It's not easy and we throw a huge amount at our debts every month.

I'm now looking further ahead and after spending most of last night reading the fantastic post and stories on this board would like to think that once our unsecured debts are cleared we can then start on our mortgage. We are probably looking at iro 7 years to clear that based on the assumption that we continue as we are now. So in 9 years we could be completely debt free :T

Is there anyone who has done this i.e. moved from clearing unsecured to secured and achieved it. I feel really driven now but is it easy to stray once all the nasty unsecured debt has gone? Or should I just add it to my snowball and treat it as an ongoing thing?

What is the best way to approach it mentally so that it actually happens

quicklee99

Mentally I think the best thing to do is keep on at it, think of it as a marathon rather than a sprint, they say when running the worst thing you can do is stop completely

Good luck with it all.

elantan

i'm doing the same as yourselves, i also sat down and really went through the figures ( had been on dfw for a few years previous to this) i came up with a plan ... i aim to turn our money situation around in 100 months ( it made it easier for working things out) so in 90 months time ( 10 months in already and i'm slowly getting there) i intend to be totally debt free from unsecured to secured debt ... the full shebang ( although i am now pondering over the student loan again) ... and i fully intend on having some savings, maybe not alot of savings but more than i have had previously ( £0 ) ..

good luck on your journey keeping a diary helps ( i find) the support given can be truly tremendous, and when the dark days come ( as they inevitably will) stick with your plan .. keep looking at your end goal ..and when you see friends etc spending money and you wish that you could be as frivilous ... remember every one is different what works for you wont work for them and vice versa ... maybe being debt free isnt important to them

try and have some physical reminder of your achievements as well ... i have a 15 piece magnetic picture of our house ... every time i pay 1/15th of my mortgage off another piece gets added to my freezer building up my picture of the home that i now own ( it helps me)

but also try to remember to keep the balance ... it cant all be about paying your debt off ... you have to have treats to help you along the way


good luck

someday_soon

Hi Sueh6

We did exactly what you are doing and became debt free in 2009(see signature) Since then we have concentrated on clearing the mortgage and the support you will find here is fantastic. Get yourself involved with one of the challenges that come along from time to time when you are ready, they really do help to focus the mind.
The best of luck and stick with it- a brighter future awaits.

Someday Soon

dark^knight

Hi,

I am the same as you. I paid off all my debts last year, and I am now fully focused on paying off the mortgage as soon as I can.

Good luck with your journey.

Spiggle

Hi and welcome sueh6, :hello:

You seem to have already won the battle of having your lightbulb :idea: moment and getting together a plan and a timescale to aim at. :T

In answer to your question, imho I would add the mortgage to the snowball, it's unlikely to be at a higher rate than any of the other debts and so would work out as the last to pay off anyway and it would give you a complete picture. Just my thought but others may think differently.

Good luck with continuing your achievements so far.

All the best,
Spigs

kimrody

try and have some physical reminder of your achievements as well ... i have a 15 piece magnetic picture of our house ... every time i pay 1/15th of my mortgage off another piece gets added to my freezer building up my picture of the home that i now own ( it helps me)

MissionMoney

kimrody wrote: »

try and have some physical reminder of your achievements as well ... i have a 15 piece magnetic picture of our house ... every time i pay 1/15th of my mortgage off another piece gets added to my freezer building up my picture of the home that i now own ( it helps me)

Love this! Such a great idea! :T

MissionMoney

Good luck Sue! I've not long joined these forums too and it is amazing! So glad I found it.