Can't believe it's finally ending.

[Deleted User]

When I moved here, about 4.5 years ago, I'd just re-financed an existing loan, by borrowing about £10,000.

Over those 4.5 years, I've also, at various points, taken a number of smaller loans, totalling around another £4,500 , albeit they weren't all running at the same time.

Now, finally, it's ending.

This time next month, I make my final payment, to my final creditor.

Here's to a debt free future.

WantToBeSE

Well done Bob! I bet that going to feel amazing!

[Deleted User]

I'm sure it will feel amazing.

It felt great, when I settled the big loan, and I've been ticking off the months (all 4 of them), until the rest have gone.

All I've got to do now is, , get through the next few months, without any unforeseen expenses, while I build up an Emergency Fund.

unimaginative_user_name

Congratulations Bob! Just put what you have been paying to creditors into a savings account and you'll have an emergency fund in no time. :beer:

[Deleted User]

That's the plan u u n.

Jox

Ah that's great Bob, I paid off my loans and credit cards last year and now have a healthy amount in an ISA, credit union account and I over pay my mortgage. I have a pension. I've also got a halifax current account that pays £5 a month. I use cashback websites (I got £25 for applying for an argos credit card that I never use) and have a cashback credit card that I pay off in full. When you have money instead of debt your options increase.

It's such a good feeling.

Well done you getting this far.

[Deleted User]

I don't have your strength of mind Jox, hence I don't have Credit or Debit Cards.

The only thing I have, is an Orange Pre-Pay Mastercard, which I use to buy stuff online.

As I have to travel into town, to load it, before I can spend on it, it helps to discourage impulse buying.

Jox

Work within your limits Bob, that's a good thing. There's people on this site who have the knowledge and ability to juggle loads of accounts and cards to their advantage and hats off to them, I wouldn't have the nerve or patience

Paying off debts and setting up an emergency fund is a great start.

When I paid off my debts I started saving £50 a month in the credit union account, then when I was able to I increased that and all of a sudden had a good sum of money which will hopefully help me on a rainy day.

It all adds up.

ShootForTheMoon

Congratulations Bob! What an amazing feeling... :j

What a huge inspiration and support these threads are!
All the best for your debt-free future!! :beer:

antonic

Know the feeling Bob as I got there last month.

I am now paying off my REALLY good friends who did things like build me a new PC 7 months ago and didnt want me to start paying for it till I become DF.

wannabee_in_credit

Well done Bob,

I can't wait until it's my turn to post the same thing. Way to go yet...