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What is debt free?

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Comments

  • rebeccatom
    rebeccatom Posts: 159 Forumite
    I personally would say student loans and mortgages don't count.

    I would count any loans, credit cards (unless you pay them off in full every month) and money borrowed from friends or family.

    Being able to live month to month without borrowing money to live and then looking towards being able to save for things you want/need rather than borrowing for them, is what i would deem the ultimate goal and being debt free.
  • vasseur
    vasseur Posts: 3,093 Forumite
    Part of the Furniture Combo Breaker PPI Party Pooper Debt-free and Proud!
    Same here...just under £600 left to be paid off by end September. I don't include my mortgage as a debt either and come September I am going to start overpaying that (at least that is the intention...;))
    It's not how far you fall - it's how high you bounce back.... :j
    Happiness is not a destination - it's a journey :)
  • LondonGirl252
    LondonGirl252 Posts: 1,983 Forumite
    Ninth Anniversary 1,000 Posts Combo Breaker
    Well done on being so close! I would agree with the majority of the above :)
    Santander 0% £1,529.94
    Sainsbury's 0% £4,371.31
    Total 0% £5,901.25
    AIM: Pay off debt & simultaneously save for deposit to buy a house by Oct 2020.
    Mar Challenge: Stay within groceries & eating out budget.
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