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Net Positive Worth, Finally
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petepetepete
Posts: 63 Forumite
As of Friday, I finally own more than I owe. It's been just under 4 years to get to this point from being at one point negative £62,500.
Graph: http://imgur.com/ukzGPM1
It's not quite out of debt - I still have a couple of negative balances, offset by assets I can't or won't liquidate (house deposit fund, damage deposit on the flat, etc), but I'll be there by the end of the year. If you look closely at the graph, I'll also dip back in to the red this month. But since my affairs are a little complicated, it's the number I've been aiming for since I started, and on Friday, I got there. :j
It's been an emotional journey, from wondering how on earth I'd ever clear quite that much cash, to trying to pay for a wedding, etc. There have been ups and downs, including being told by my accountant that I owed £10,000 more than I thought, which hurt. I always used to get motivated by reading how other people had actually managed to get out of the hole, and maybe this will motivate someone else.
Graph: http://imgur.com/ukzGPM1
It's not quite out of debt - I still have a couple of negative balances, offset by assets I can't or won't liquidate (house deposit fund, damage deposit on the flat, etc), but I'll be there by the end of the year. If you look closely at the graph, I'll also dip back in to the red this month. But since my affairs are a little complicated, it's the number I've been aiming for since I started, and on Friday, I got there. :j
It's been an emotional journey, from wondering how on earth I'd ever clear quite that much cash, to trying to pay for a wedding, etc. There have been ups and downs, including being told by my accountant that I owed £10,000 more than I thought, which hurt. I always used to get motivated by reading how other people had actually managed to get out of the hole, and maybe this will motivate someone else.
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Comments
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Well done...
March 2013 LBM so here goes....PAID OFF £6944! Unfortunately have built it all back up again! Amounts to be added up soon! Scare myself into action! 30/05/2018 LBM 20 -
Absolutely brilliant :j
Well done0 -
Good news for you 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 -
Wow - well done you, thats a fantastic acheivement!!1st Jan 2014 £20,600 / 1st Jan 2015 £15,572.90**Feeling Hopeful that 2015 will be our Debt Free Year**0
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