What makes you WANT to be debt free?

coops024

I'm just fed up of paying intrest !

I want my money to be my money at the end of each month (apart from Mortgage and bills) but all the rest will be mine !

I only have the debt im in because we wanted to get on the property ladder and needed a car to get to work ! so both of these were (in my mind) essential debt.

But I now have a (very unflexible) consolidation loan for the both and while the monthly payments are not too high (£200 p/m) the loan is over 7 years :mad:
So have been saving loads to pay it off early (and incur ERF's:mad: ) but I cant wait

sammiboo

I dont want to have to worry about money, I want to spend what I can afford.

Most of my debt was get myself out of a bad situation, then kept borrowing to help me out of another.....

I dont mind having some debt, as long as I can life my life and know what my limits are.

I am in need of a new car, but I wont get one until I have paid off all my existing debt and have saved enough money to buy at least half of it - the rest on a low interest loan.

I have been strong I reckon I know i can easily get the money, but I want to work for it and not take the "easy option"

I am a lot happier now i know my debts are quickly going down. I am now in the habit of knowing the difference between what i want and what i need

madmoney_2

I read somewhere that every time you pay interest on something you are literally wasting that money, it said"get a 20 pound note what you have worked x hours for, now burn it. You wouldnt would you? Thats exactly what you are doing every time you pay interest on something"

Makes you think doesnt it?

chloebelle

I want to be debt-free for the following reasons:

• so I can try and get on the property ladder after completing all my education.
• so I can get my wages at the end of the month and know that all of it is mine!
• I hate the feeling that the bank controls a big part of my life.
• so I don't have to feel guilty every time I buy something.
• Would be great just to have a relaxed attitude about money, not feel tense and worried every time I phone the bank, go to cash machine etc...

Dumb_Blonde_3

Hmm - I would like to say to my husband - book Friday off work so we can have a long weekend away together with our 2 year old son and take him out and about - I mean we do take him out and about a lot and do the £9.50 Sun holidays but its literally for 48 hours as he HAS to work for the money.

shell_girl

What makes me want to be debt free??

The thought of all the credit cards storecards and loans I can apply for and go mad with when my credit score is clean :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl:

Only messing obviously :rolleyes: my lesson has been learnt.

Dumb_Blonde_3

OH [EMAIL="!!!!"]!!!![/EMAIL] - can I also add that I would buy a new microwave - as I was sitting here typing, my jacket potatoes have been zapped by the ten year old thing - its also broken a plate in there as well - sometimes it doesn't cook them at all and other times it ruddy well nukes them. I know its a bit late for lunch but I was trying soooo hard to just have breakfast and dinner and skip lunch that it all fell apart.

Oh and on a totally frivalous note (sp?) I would get liposuction and tell the gym to shove their direct debits and circuit training classes where the sun just don't shine !!!!!

HAPPY FRIDAY AND HAPPY WEEKEND TO ONE AND ALL!!!!!!!!

Lucy1982_2

I'm looking forward to my money being MINE
To having lovely holidays abroad without having to stick to a daily budget
To be able to move out of home and not feel the pinch.

All the normal stuff really.

Dumb_Blonde_3

shell_girl wrote: »

What makes me want to be debt free??

The thought of all the credit cards storecards and loans I can apply for and go mad with when my credit score is clean :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl:

Only messing obviously :rolleyes: my lesson has been learnt.

Shell_girl - don't even joke about it - never be tempted by their 'do you want to save 10% on a two pund fifty belt by opening a card - once you do they've got you ......

always_amazed

I want to be debt free for a few reasons... on a personal note, I've been quite ill for a while with chronic illness. It's the realisation that I have no cash put away to help that's scared me. and I don't want to be in this situation again, you just never know whats around the corner.

And I hate the panic that sets in when I realise I've missed a payment or have budgeted wrongly, its terrifying.

So mainly freedom too I guess!

But most importantly- I hate that MY (very) hard earned wage is paying the bonuses of Fat Cat Bankers. And I want to put an end to that as soon as possible!!!

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