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Unexpected benefits of a dfw lifestyle
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Anyone else find that they are slimmer than all their big-spending friends and colleagues?0
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I'm still too new to the DFW lifestyle to really appreciate things like an expensive shampoo, a nice bottle of wine etc., (though no doubt that will come in time).
What I do appreciate, thought, is finding this site and, through this forum, realising that there are other people out there who are not only in the same boat, but are working hard to sort out their problems and, in doing so, are giving hope to people like me.
Without the positive attitudes of all the people here I would have given up before I'd even begun - so, I'm quite looking forward to the time when I can appreciate a nice shampoo or an occassional bottle of wine, because by that stage I will be well into my DFW lifestyle!! and hopefully well on my way to reducing my debt.Debt £171000 - Current Debt £168883Between Oct 08 and Apr 09 Pay off £12k = £2117/£12000£2 Savings Pot = £80 -
I can really relate to comment earlier from angelavdavis. Have been contemplating how little I could live on if it came to it. I have been mortgage-free for a few years now - but still in process of clearing debts (they arent much now - we're talking less than £2k). My main reason for clearing them is to be free of feeling so in need of having the job I have. My job is poorly paid - not much more than minimum wage - but very stressful, despite that. I have a running battle on my hands with myself every single day to force myself to go into work - but it does help knowing that I don't have to go in for much longer from that viewpoint. Once I am free of debt I don't care if the darn job goes - I can find something else if I have to - and, who knows, maybe even manage without a job if I am lucky. I have been hating literally every single moment in that place for years now - but needs must. I would be interested to know if its indeed possible to live on £500 per month for everything if one is mortgage and debt-free - what do others think?0
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I think I could live on £500 a month if I was mortgage & debt free.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.0 -
Thanks for this everyone, I've been getting MSE emails for some time and have got unfair charges back and endowment sorted out but I've now been inspired to try DFW lifestyle. I'm sure I'll start to share my successes when they roll in. x0
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I could certainly live on £500 without a mortgage. If you budget well, it should be acheivable!0
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I don't think I could live on £500 per month tbh. I would need at least £1100 to cover bills and food.Debt: 16/04/2007:TOTAL DEBT [strike]£92727.75[/strike] £49395.47:eek: :eek: :eek: £43332.28 repaid 100.77% of £43000 target.MFiT T2: Debt [STRIKE]£52856.59[/STRIKE] £6316.14 £46540.45 repaid 101.17% of £46000 target.2013 Target: completely clear my [STRIKE]£6316.14[/STRIKE] £0 mortgage debt. £6316.14 100% repaid.0
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I'd definitley agree with the people who've said that appreciation of the simple things has improved & also treats actually being special again.
I've also realised over the last couple of days that now I'm debt free I don't feel anywhere near as threatened by the likelihood of a lot of my company's work being sent to India. As I can now pay my mortgage & get by on around £500 per month so even if I was given my redundancy notice tomorrow the redundancy payment would carry me through to February or March next year if necessary.0 -
OK- now I have to ask, what would that £500 per month cover?Debt: 16/04/2007:TOTAL DEBT [strike]£92727.75[/strike] £49395.47:eek: :eek: :eek: £43332.28 repaid 100.77% of £43000 target.MFiT T2: Debt [STRIKE]£52856.59[/STRIKE] £6316.14 £46540.45 repaid 101.17% of £46000 target.2013 Target: completely clear my [STRIKE]£6316.14[/STRIKE] £0 mortgage debt. £6316.14 100% repaid.0
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