how quickly did you 'recover' from the initial shock

robdogg11

loken152 wrote: »

I kind of knew how much me and the wife were in debt, but once she told me she wanted to be debt free, i looked at it and realised how much. It wasn't a massive amount compared to others but it was still a shock. The shock only lasted a few days, until we had plan and stuck to it.
The hardest part is sticking to the monthly grind of the repayments. We are now down to our last debt, what was a great feeling hitting that point, but we are now both fed up with it. As once that is gone at the end of this year it will be another 2-3 years afterwards to be in a position that we no longer need credit, that we could fund everything with our cash flow. Guess we just stuck in a rut, at the moment.

It killed me to work what seemed like all the hours in the day with nothing to show but a number on a spreadsheet going down every month. Thinking about all the other things that I could be doing with that money was a real downer but when that spreadsheet said 0 it was a great feeling. One of the proudest moments of my life up until that point. Which is kind of sad in a way lol

loken152

robdogg11 wrote: »

It killed me to work what seemed like all the hours in the day with nothing to show but a number on a spreadsheet going down every month. Thinking about all the other things that I could be doing with that money was a real downer but when that spreadsheet said 0 it was a great feeling. One of the proudest moments of my life up until that point. Which is kind of sad in a way lol

Its a great achievement to reach zero, i must admit it would be nice to know that feeling that your financial future is your own hands now.

natlie

Hi

I wouldn't say I was ever shocked because I always knew the scale of it, the first time £15,000 in debt and I sold my house to pay it back. This time I am £28000 in debt (though I have £17000 in savings if I really wanted to I could pay a huge chunk off it but its nearly all on 0% so Im ploughing through it. I recently paid off a £2k credit card from savings and put the £137 I was paying off that card to my tesco card and my student loan finishes in Sept so adding that £140 to the monthly repayments. Talking about this now has made me think that I calmed down once I had a clear plan in place for repaying it