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DMP & Mutual Support Thread - Part 10

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  • Sazzie23 wrote: »
    Hi everyone

    I've noticed a few posts lately which make me think the average age of a DMPer is probably higher than I'd assumed, simply because we are mentioning retirement and pensions so I wondered if anyone would be willing to take part in a quick straw poll.

    Here are my answers, bit of fun, but I am kinda interested ?


    Age you started DMP 46
    How long in years since you started DMP ? 2
    How long left approx- at current rate or in your plan 15/7


    Hi Sazzie

    I was 55 and Mr TTFTM was 52 when we started DMP
    DMP lasted 3 years, 2 months and 11 days
    Ours is over, am sure we would still be the huge mess we were in if it wasn't for the predecessors to this thread. We really expected to go into retirement and beyond with the burden of our massive debt.

    TTFTM x
    LBM 10/1/12 ~ DFW Start 6/2/12: £82,344 ~ Now Zero
    :staradmin:starmod::staradmin Debt free 17th April 2015 :staradmin:starmod::staradmin
    Eternal thanks to the DMP & Mutual Support (no.439) and Payment a Day Threads
    Mortgage free 3rd July 2014 - Grateful thanks to the 2013/14 MFW threads
    "Debt is normal. Be weird!" Dave Ramsey
    Proud to have dealt with our debt :)
  • Dandytf
    Dandytf Posts: 5,073 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Age you started DMP 40
    How long in years since you started DMP ? 2
    How long left approx- at current rate or in your plan 2019
    Replenished CRA Reports.2020 Nissan Leaf 128-149 miles top charge. Savings depleted. VM Stream tv M250 Volted to M350 then M500 since returned to 1gb
  • Puzzcat
    Puzzcat Posts: 4,200 Forumite
    Sazzie23 wrote: »
    Hi everyone

    I've noticed a few posts lately which make me think the average age of a DMPer is probably higher than I'd assumed, simply because we are mentioning retirement and pensions so I wondered if anyone would be willing to take part in a quick straw poll.

    Here are my answers, bit of fun, but I am kinda interested ?


    Age you started DMP 46
    How long in years since you started DMP ? 2
    How long left approx- at current rate or in your plan 15/7

    Age you started DMP 45
    How long in years since you started 1 year 7 months
    How long left 7 years but hope to shorten that!!!

    Puzz.x
    Christmas 2020 £109
    I love my dmp started in Nov 13 with SC. Self Managed 2016 57% done
    £60062/25384.84 - 13222.60k UE

    MY DIARY
    http://forums.moneysavingexpert.com/showthread.php?t=4768685
  • I was 32
    Started my DMP nearly five years ago
    Have another 18 months (ish) left to go!
  • Dandytf
    Dandytf Posts: 5,073 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I'm going to see how I handle interest rate rise or rises

    How long left 7 years but hope to shorten that!!!
    Puzz
    How do you plan to shorten your dmp

    (I would like to finish my dmp prior to 2019 (maybe a year or 2 earlier) not sure if SC will accept higher payments or if the whole DMP has to be setup again?
    Replenished CRA Reports.2020 Nissan Leaf 128-149 miles top charge. Savings depleted. VM Stream tv M250 Volted to M350 then M500 since returned to 1gb
  • Growurown
    Growurown Posts: 5,498 Forumite
    Debt-free and Proud!
    I was 54. Will be debt free by the end of this year, it's taken 4 and half years.
    DMP Mutual Support Thread No. 421

    Debt free date 25/11/2015 - Made It!
  • I was 44.

    Started just over 10 years ago.

    Will be debt free in 4 months.
  • Age you started DMP - 37
    How long in years since you started DMP - 9 months
    How long left approx- at current rate or in your plan - 14 years :eek: but hope to bring that forward to clear the debt asap :)

    BDFSH x
  • Sazzie23
    Sazzie23 Posts: 2,634 Forumite
    Ninth Anniversary 1,000 Posts Combo Breaker Post of the Month
    Fascinating insight, thanks everyone, I know it's not scientific but I'd sort of assumed people were in late 20's early 30's, but from what I've read here it seems more likely to be mid 40's or later.

    I am looking to be debt free in retirement even though that date keeps rushing away.
    Debt -it's a fight that I'm winning, dealing with debt one day at a time.
    Estimated DFD August 2018 - 2031 - now 2027 :T

    Guide dog Tess, missing Scotland 2 years

    DMP support no438.
  • Karen777
    Karen777 Posts: 416 Forumite
    hello - is interesting!

    Age you started DMP - 35
    How long in years since you started DMP - 2 years
    How long left approx- at current rate or in your plan probably another 2 years but hoping to get there by end of 2016 so aiming for a year and a half.. depends on things like cars, vet bills and boilers though! had originally hoped to be done this year but no way sadly!
    Debt at highest - June 2013 - 26k/ March 2018 - 2500
    Proud to be dealing with my debts
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