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Small Steps Out Of Massive Debt!

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  • GeorgianaCavendish
    GeorgianaCavendish Posts: 2,393 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    enthusiasticsaver said:
    Well done on all your success with savings and the debt.  You sound like you have the finances sussed now. 
    Thank you @enthusiasticsaver - I feel like I've got to a good place with finances in terms of consumer debt, but I'm sure there is a big learning curve ahead of me with all the mortgage stuff  :#  
  • jennystarpepper
    jennystarpepper Posts: 794 Forumite
    Fifth Anniversary 500 Posts Name Dropper
    GeorgianaCavendish said:
     Final credit card payment made today - I'm officially debt free! 
    Congratulations.  Have a very happy new year. X
    MFW - 01.10.21 £63761   01.10.22 £50962   01.10.23 £39979   01.10.24 £27815. 01.01.25. £17538
    01.03.25 £14794.    01.04.25 £12888
    01.05.25. £11805. 12.05.25  £9997
    05.06.25  £8898.  01.07.25. £7975

  • ThisLife
    ThisLife Posts: 71 Forumite
    Third Anniversary 10 Posts Name Dropper
     To quote my favourite piece of advice from another debt free diary : 

    Starting your debt-free journey can feel like someone has asked you to empty a lake with a teaspoon. Just focus on the teaspoon. You won’t notice the lake going down from one month to the next, but one day you will look up and see there’s just a pond left, then a puddle, and then suddenly nothing but dust. 

    Thankyou, I love that! Looking forward to that teaspoon full of dust  :)
    Debt at LBM July 2017  - £42,002 (cards & loans) + £37,421 (2 mortgage consolidations)
    Car bought in Dec 2020 - £12,500
    Total Debt - £54,502  (£91,923 including mortgage consolidations)

    Total Debt Jan '23 - £19,061.56 (credit cards) + £20,562 (mortgage consolidations)

    Consolidated debt onto my mortgage twice in the years before LBM, so it's all consumer debt. Just focusing on clearing card debt first and letting the additional mortgages reduce with the monthly payments.

    DFD (credit cards) - December 2024 (24 months) 🤞🤞🤞

    My Diary - Head Up, Keep Positive, Eye on the Prize

    'You can't go back to the start and change the beginning, but you can start where you are and change the ending.' C.S.Lewis
  • EssexHebridean
    EssexHebridean Posts: 24,424 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    GeorgianaCavendish said:
     Final credit card payment made today - I'm officially debt free! 

    Catching up - got this far and decided to skip straight to saying.....WOOOOOOHOOOOOO!! Seriously - well done lovely - you have put SO much hard work in, and learned so many good lessons along the way. You entirely deserve the debt-free buzz that I trust you are now enjoying! 
    🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
    Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
    Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
    £100k barrier broken 1/4/25
    SOA CALCULATOR (for DFW newbies): SOA Calculator
    she/her
  • GeorgianaCavendish
    GeorgianaCavendish Posts: 2,393 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    Thank you so much @jennystarpepper and @EssexHebridean - I'm so happy to have got to the end of the journey! :) 
  • Snwps
    Snwps Posts: 230 Forumite
    Fourth Anniversary 100 Posts Debt-free and Proud! Photogenic
    What a fantastic start of the year for you GC. I'm so pleased for you. Congratulations.  :)
    Original Debt £37,493.25 @ 25/05/2019 - Now £0 @ 24/02/2023 - £37,493.25 - 100% paid
  • astrocytic_kitten
    astrocytic_kitten Posts: 811 Forumite
    Part of the Furniture 500 Posts Name Dropper
    Yayyyyyyyyyyyyyy! How brilliant, I’m so happy for you!
    Debt at LBM (Dec 2018): £23,167
    Debt free Feb 2021
  • redofromstart
    redofromstart Posts: 5,824 Forumite
    Seventh Anniversary 1,000 Posts Photogenic Name Dropper
    Oh that is brilliant news both on debt free, and the house thing.  Havent been about much and trying to catch up but so pleased for you.
    My mortgage free diary: https://forums.moneysavingexpert.com/discussion/6498069/whoops-here-comes-the-cheese

    GNU Mr Redo

  • another_casualty
    another_casualty Posts: 6,506 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Great stuff and fingers crossed😼☝️
    You probabky know already that the house buying section is a good place visit should anything arise . 
    The only thing I would say if I may , if the house is not new build then don't just get the home buyers survey. Get the more expensive one . Also, don't use the solicitor the estate agent recommends . Hooefully I haven't said too much🤐, but these things are often mentioned in the house buying forum..
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