We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Finally debt free

the_beaver
the_beaver Posts: 5 Forumite
in Debt-free wannabe
Since getting my first credit card 2 years ago (within a week of my 18th birthday :eek: ) I somehow managed to rack up around 18k worth of debt in just over a year.

I've just written out the last couple of cheques to CC companies to get every penny I owe cleared so I'm now officially debt free :j

Now is definetely the time I need to discipline myself with spending - I've been cycling to work recently which is also helping cut transport costs a lot :T

Seriously hope I don't get myself into this again !
«13

Comments

  • jbbonce
    jbbonce Posts: 256 Forumite
    Congratulations!
    :j Baby bonce was born on Christmas morning after a ridiculously short labour and no pain relief! If only losing the baby weight was as easy!:T
  • angchris
    angchris Posts: 1,179 Forumite
    congrats:beer:
    proper prior planning prevents !!!!!! poor performance! :p
    Only when the last tree has died and the last river been poisoned and the last fish been caught will we realise we cannot eat money
    quote from an american indian.
  • GirlRacer_2
    GirlRacer_2 Posts: 3,026 Forumite
    Well done you! :)
  • maralum
    maralum Posts: 361 Forumite
    Hooray for the beaver, the most frugal of all the world's animals!
  • Toto
    Toto Posts: 6,680 Forumite
    Part of the Furniture Combo Breaker
    Well done, it's a great feeling isn't it. See the positive side of this, you learnt very early in your life how debt can take over your life and make things very difficult and downright miserable. With that lesson learned you can move on and make sound financial decisions for your future giving you choices to do whatever you wish with your life. Good luck and well done again x
    :A
    :A
    "Everyone is a genius. But if you judge a fish on its ability to climb a tree, it will live its whole life believing that it is stupid" - Albert Einstein
  • beanielou
    beanielou Posts: 96,836 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    Wow, well done
    Thats a lot of money to pay off in a short time.
    I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.

    Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.     ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
    One debt remaining. Home improvement loan.
  • Crown
    Crown Posts: 1,377 Forumite
    Hi, Congrats on clearing your debt.

    Are you going to cancel your cards or reduce the credit limits so you cant get into problems again? Many people have cleared them only tun them up again within a couple of years again!

    Hopefully this want be the case with you if you have had your full blown LBM ;)

    Good luck
    Official DFW Nerd Club - Member no. 297 - Proud To Be Dealing With My Debts :D
  • immoral_angeluk
    immoral_angeluk Posts: 24,506 Forumite
    10,000 Posts Combo Breaker
    Wow well done! :T
    Total 'Failed Business' Debt £29,043
    Que sera, sera. <3
  • slowlyfading
    slowlyfading Posts: 13,429 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    well done, that's a great effort in only 2 years! :)
    Nicola x
    Be who you are and say what you feel because those who mind don't matter and those who matter don't mind.
    Personal Finance Blogger + YouTuber / In pursuit of FIRE
  • betti911
    betti911 Posts: 819 Forumite
    Debt-free and Proud!
    Well done :beer:
    Jan 1st 07 Car loan £4830.46@12% Personal Loan £11,517@8% variable Overdraft £1500 July 2009Halifax-£0Debt free date 14th July 2009 :j
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.3K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.3K Work, Benefits & Business
  • 601.1K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture