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One big step for a DFW

Oh joy!!!!!! The endowment surrender went through today and it has cleared our 26000 loan:j:j:j:j:j

This will free up 197 pounds each month as well, which we can use for paying off other debts. I am off to update my signature now.........

Spirit

Comments

  • Congratulations! That is great news! Also good to hear that you will be putting the extra £197 towards other debts!

    Must be good to see your debt reduced by such a huge amount!
    Debts in April 07 = £12,547.61 Debts in Aug 08 = £0
    I'm debt free! Woohoo!
    DFW Member # 476 Proud To Be Dealing With My Debts!
  • Spirit_2
    Spirit_2 Posts: 5,546 Forumite
    1,000 Posts Combo Breaker
    Thankyou. It is good, we are almost halfway and will never have such a big drop again. There is still a long way to go.
  • Floss
    Floss Posts: 9,280 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    But £197 extra a month to go towards the others...have you worked out a new DFD yet?

    Congratulations :beer:
    2021 Decluttering Awards: ⭐⭐🥇🥇🥇🥇🥇🥇 2022 Decluttering Awards: 🥇
    2023 Decluttering Awards: 🥇 🏅🏅🥇
    2024 Decluttering Awards: 🥇⭐
    2025 Decluttering Awards: ⭐⭐
  • slowlyfading
    slowlyfading Posts: 13,429 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    well done!! :j
    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
  • elantan
    elantan Posts: 21,022 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    that's great news and the extra money you are gonna pay to your debt will make it disappear that much quicker
  • Well done Spirit.... can't wait to see the new sig!

    The extra £197 a month will make a massive difference to ur debt free date.

    Sarah x
    'We are all in the gutter, but some of us are looking at the stars' - Oscar Wilde
  • beanielou
    beanielou Posts: 98,608 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    Great news for you.
    I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post 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 & not the official line of Money Saving Expert.

    Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.

    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    ***Keep plodding*** Out of debt, out of danger.
    One debt remaining. Home improvement loan. 20 months left.
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