What motivates you to become debt free?

taplady

My DH has poor health - heart disease(triple bypass) and a serious back complaint and I want to be debt free asap so that he wont feel pressured to have to work when he's not well which is what happens now.

Also we want to be able to buy a motorhome and travel the country before we are too old to enjoy it!:D

To get rid of the stress of worrying if we can pay the bills!

kristianwilliams

I never thought I'd ever get into debt. So when I realised how bad I had gotten, It scared the poo out of me. At my age I want to be as debt free as soon as I can.

Shineyhappy

Personally I count all my debt as debt, but the mortage and extra mortgage are secured debt that are obviously tied up in my home.

I want to get the OD and cards paid off, so that I can start to overpay the mortgage so I am not spending the rest of my life making the fat cat bank people richer.

Obviously a perk of this is the fact I will then have spare money and will be able to save!!:D I personally find it motivating to work out how much spare cash I will have once the unsecured debts are paid off and then think about how I would spend it!

Apart from that, a holiday, a new car, a house rather than a flat, new clothes, a social life, a tv that has a scart lead so I can have a freeview box, I am sure I could go on for a while:o

yellowmonkey

Having been in debt all of my working life it will be nice to actually be able to save and owe nobody anything. Much as i love spreadsheets it will be nice to delete them when i am all paid up :rotfl:

ym

redsquirrel80

fistfullofdollars wrote: »

I want the freedom of not having to worry about meeting monthly payments. I want the luxary of saving my current monthly outgoings on debt so if I see somthing I want i.e. a new car would be nice! Save for a couple of months and buy it with real money.

But overall, my wife is debt free and I dont want to burden of feeling like its my fault I ended up in a mess. I want to save for good holidays and a better standard of life.

Notice I use the word save! Thats the new me post LBM. I used to do all of the above without thinking and battering it all on the plastic. How things have changed for me :-)

That pretty much sums it up for me too (apart from the wife bit!). I don't want to be spending half of my supposedly 'disposable' income on debt payments. I don't want to waste it or spend it all on luxuries, and I think it'll be a very long time - if ever - before I can afford to buy a house. But I want to be able to have enough to take decent holidays and buy clothes, furniture etc without panicking about the essential bills not getting paid.

GreenNinja

I want to be able to have the freedom to live in my house debt and mortgage free and be able to have dogs and live somewhere really rural and only have to work a few hours a week to keep things going.

I am in a job I don't like but pays over the odds for the kind of job I am capable of doing so kind of stuck here til I get to this point!

This website gives me the motivation to stick with my money saving every week, so thanks everybody.

:j

(Land_of)_Maz

One day i hope to have enough money behind me so i can help my daughter thru college or uni... or maybe be able to buy her first car.. things like that.

My parents couldn't help me financially and lived week to week, so i don't want to be like that when Erin is older..... That's not to say my parents didn't help me out from time to time, tenner here, twenty quid there but i want more for Erin.... or at least to have that option.

My debt problems started as a student, so much so that i didn't finish and had to get fulltime work to survive.... this is all related to no parental help.

So glad my mum doesn't read this! Sorry mum, love you really!!!!

Skint_Catt

I want spare money to be able to save for a deposit on a permanent house for me and my boyf (we've just found a rental to move into together) and to save for a 'potential' wedding.

C xx

bathgatebuyer

The chance to be free from being chased by Banks and DCAs. As many people will know, it's horrid to be scared of your own phone ringing and being unable to relax in your own home because of them.

The chance to have my first holiday in 10 years would be very nice too.

Tete_en_l'Air

Same here, I want my disposable income to ACTUALLY be disposable!
I want to be able to go shopping and not feel guilty about it. And <gulp> I want the idea of getting a mortgage not to be a ridiculous off-the-wall one!