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Did you get Debt Free in 2016? :)

MrsTinks
MrsTinks Posts: 15,238 Forumite
Part of the Furniture 10,000 Posts Combo Breaker Name Dropper
in Debt-free wannabe
Don't forget to add your name to the Debt Free Roll of Honour and get your Debt Free badge! :)

We all love hearing about your journeys and as a forum oldie/regular/grump I get really excited to see all you people with your Debt Free badges! :D

SO fess up!

2017 will be MY Debt Free year! I've decided that although my debts are technically stoozing then this year I want to pay all of them off - I will not be tempted to stooze... I want my badge!!! :j
DFW Nerd #025
DFW no more! Officially debt free 2017 - now joining the MFW's! :)

My DFW Diary - blah- mildly funny stuff about my journey

Comments

  • sourcrates
    sourcrates Posts: 31,833 Ambassador
    Part of the Furniture 10,000 Posts I've been Money Tipped! Name Dropper
    MrsTinks wrote: »
    Don't forget to add your name to the Debt Free Roll of Honour and get your Debt Free badge! :)

    We all love hearing about your journeys and as a forum oldie/regular/grump I get really excited to see all you people with your Debt Free badges! :D

    SO fess up!

    2017 will be MY Debt Free year! I've decided that although my debts are technically stoozing then this year I want to pay all of them off - I will not be tempted to stooze... I want my badge!!! :j

    Like mine you mean !!!!!! �� Lol

    But seriously, spread the word, don't be shy, we love to see happy endings !!
    I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter
  • Vates
    Vates Posts: 35 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    I got debt free :) My debts were quite small compared to the average on this forum but still gave me sleepless nights and worry. My major turning point was quitting alcohol, I am 9 months sober now.
    I'm a professional cynic but my heart's not in it
  • Farel01
    Farel01 Posts: 110 Forumite
    Seventh Anniversary 100 Posts Combo Breaker Debt-free and Proud!
    Vates wrote: »
    I got debt free :) My debts were quite small compared to the average on this forum but still gave me sleepless nights and worry. My major turning point was quitting alcohol, I am 9 months sober now.

    Well done you! Both those are great achievements!

    I have also become debt free except for mortgage. We cleared about 30K debt partly with savings and bonuses and party with an unexpected windfall :D
    Debt free as per 22/12/16 - :D
  • Vates
    Vates Posts: 35 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    Thanks Farel01! Well done to you too :)
    I'm a professional cynic but my heart's not in it
  • MrsTinks
    MrsTinks Posts: 15,238 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Name Dropper
    Get ye both of you to the Debt Free Roll of honour!!! :)

    You need badges I tell ya! :)
    DFW Nerd #025
    DFW no more! Officially debt free 2017 - now joining the MFW's! :)

    My DFW Diary - blah- mildly funny stuff about my journey
  • Exerbusi2
    Exerbusi2 Posts: 232 Forumite
    Kind of! I'll clarify...

    I still owe £5,500 on a credit card, but my savings and investments have exceeded my non-mortgage debt, so I have assets worth more than my debt.

    I'm not claiming to be debt free yet, but I could be if I wanted/needed to be!
    Loan [STRIKE]£5000[/STRIKE] £0; Overdraft [STRIKE] £700[/STRIKE] £0
    Savings [STRIKE]£0[/STRIKE] +£1500; Share Portfolio [STRIKE]£0[/STRIKE] +£4000
    £0 Credit Card [STRIKE]£6800[/STRIKE] £1700
  • Farel01
    Farel01 Posts: 110 Forumite
    Seventh Anniversary 100 Posts Combo Breaker Debt-free and Proud!
    MrsTinks wrote: »
    Get ye both of you to the Debt Free Roll of honour!!! :)

    You need badges I tell ya! :)

    Uhm how/where do I do that? I like badges :D
    Debt free as per 22/12/16 - :D
  • Drawingaline
    Drawingaline Posts: 2,988 Forumite
    Eighth Anniversary 1,000 Posts Photogenic Name Dropper
    No, but I had a LBM in September, signed up to YNAB and have cleared nearly £3000 off 21k since then! Going to have to slow down a bit over the next couple of months, but I have found focusing on the debt has made it seem less scary.

    Congratulations to anyone who has achieved freedom from debt.
    Debt free Feb 2021 🎉
  • binaryuniverse
    binaryuniverse Posts: 912 Forumite
    Part of the Furniture 500 Posts
    I fully intended to. But I was made redundant at the beginning of the year, and wasn't properly back in work until May time. Because of this the debts crept up again. But I still managed to finish the year with about £1000 less debt than I started.

    Got some £2700 left and I think I can do it this year, or get close. Even more so if the collectors will accept a reduced settlement.
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