Debt Free by 'Cheating'

cakeforbrains

deleted sorry

LolStevo

Well done to you! You could easily have spent that money on holidays etc but paid debts off! It must feel so good!

Wish I had a nice gift like that haha x

fermi

I don't see anything short of doing something illegal as "cheating". Horses for courses and all that, so whatever has happened or worked in each individual case is to be grateful for in my book.

LondonGirl252

I wouldn't say that was cheating at all! From a very sad situation you mother-in-law has decided to help you guys out and improve your living situation which is great for you both and I'm really happy for you.


I cleared off most of my debt early last year when the company I worked for was sold off and I vested all the shares I invested in and we got it all tax free, about £13k. I didn't really believe it for a while either it does take a while to feel real.


Good luck in house buying and I hope you find your dream home

rockm87

Hi and well done. I dont see it as cheating, you could of just as easily flushed the money down the drain!

Some people win big money or get given it and still end up in debt with nothing to show for it.

Bobarella

Good for you Cakeforbrains I think you should just enjoy your good fortune and not feel a shred of guilt. So many people expect to be bailed out by the bank of mum and dad. The fact your MIL offered freely is totally different. Hope you can keep on doing all the DFW things that will keep you debt free.

Bob

gabriel1980

Not cheating at all. I cheated by just hiding from the debt for 6 years and then it was written off - that was cheating.

andyfromotley

Thats not cheating, you were just very fortunate. Good for you.

May i just offer one tiny word of caution? I meet weekly with other compulsive gamblers. In many cases they have often had in their past, help from family to clear their debts. This is rarely a good thing for them as it 'gets then off the hook' to a degree. They have not had to put right their own finances and they often run up gambling debts again. Its almost as if the pain of sorting it out and putting things right, often over a long period of time is part of the recovery process. It may be that the same applies to people who were in debt for other reasons?

I am not trying to pee on your bonfire, i am glad that things have worked out well for you.

sourcrates

Sometimes, once in a lifetime opportunities come along, and I'm a firm believer in grabbing them with both hands, while you can.


Your task now is to stay away from easy credit, something you may find not as easy to accept !!!!!

enthusiasticsaver

It is not cheating, just fortunate that your Mother in law was in a position to help. We too have benefitted from parental gifts from my mum and in turn we are now helping our daughters by way of house deposits and the odd bit of money to help with home improvements, children, reducing mortgage etc etc. Families do that if they are in a position to. I would echo what others have said in that you will need to maintain the discipline you have shown whilst paying off your debts. My advice would be to continue to budget but save the money you were paying towards debt as if you are purchasing a house you will need a buffer for emergency funds, legal fees etc even if your MIL is paying the deposit. Good luck.

Tyrone_Black

It's not cheating. People get windfalls in their lives.

That being said, I'm getting an enormous gift from a family member in a few years to help me buy a house. I'm determined that I'll pay it all off before then so I spend the money on what it was intended for, not making up for my own stupidity.