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One debt down! YAY!

Because DH got a bit more money in his wage packet this month, we have paid off one loan! We had a few months left, but decided to get out of the way, so now we have freed up £75 per month. We're going to put that towards another debt to get that paid off, then so on until we get them all paid off by November next year. If things so smoothly, we will have paid our sofa loan off 8 months early. I'm very happy about this! :money: :money:

Comments

  • congratulations!!! :) thats great news!
    finally debt free and want to keep it that way!!
  • doodledo_2
    doodledo_2 Posts: 4,676 Forumite
    Well done you thats fab :beer:
    Proud to be dealing with my debts - DFW No: 712

    03/09/09 - DEBT FREE AT LAST :D
    Racing Hypno to Save - £10/£5000
  • lunar
    lunar Posts: 1,805 Forumite
    Part of the Furniture Combo Breaker
    well done, its a gerat feeling to get rid of a debt, i find it helps as you can start to see there is light at the end of it all.
    DFW NERD NO.656 DEBT FREE 24TH NOVEMBER 2010 TOTAL DEBT AUGUST 2007 £39000
    MFiT T2 NO.56 WE OWN [STRIKE]25%[/STRIKE] 31.5% OF OUR HOUSE SO FAR!
  • Thanks! It feels great getting rid of a debt! :j
  • slowlyfading
    slowlyfading Posts: 13,429 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    well done :)
    Be who you are and say what you feel because those who mind don't matter and those who matter don't mind.
    Personal Finance Blogger + YouTuber / In pursuit of FIRE
  • Well done CCC!!!!

    I've been harping on in my diary about paying off on my Ge Money loan for a few months now and today I finally sent of the cheque to close it. I'm snowballing the amount (£50) to another debt but it makes you feel good doesn't it?
    5th May 1973, 3.31pm Porterfield Heaven:j :j


    20p savers club - 60p -


    Proud to be dealing with my debt...getting there. But I will in the end.... ( Mwa ha ha ha. evil laugh)
  • SAFC73 wrote: »
    Well done CCC!!!!

    I've been harping on in my diary about paying off on my Ge Money loan for a few months now and today I finally sent of the cheque to close it. I'm snowballing the amount (£50) to another debt but it makes you feel good doesn't it?

    With the amount that we have freed up, we'll have another debt payed off in 2.5 months.
  • hypno06
    hypno06 Posts: 32,296 Forumite
    10,000 Posts Combo Breaker
    Snowballing debts is such a good way to go - you will be another debt down by Christmas and that gives you a pretty good start to 2008.

    Well done!
    Successful women can still have their feet on the ground. They just wear better shoes. (Maud Van de Venne)
    Life begins at the end of your comfort zone (Neale Donald Walsch)
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