Age/Debt?

penguin83

Im 24, been in debt since I was 18. Had baby at 19, bought house at 20 and had 2nd baby at 21 resulting in lots of debt! Hoping to be debt free when I am 29 and mortgage free by 35 x x

skint_spice

I'm 38 and hope to be debt free next year which will be the first time in about 21 years - yikes!

115K

Tete_en_l'Air wrote: »

SS, why did I imagine you as 40s?? These forums are bizarre sometimes.

Sorry to offend you SS but I pictured you as older as well (not that I sit here picturing MSE forum ppl or anything er anyway....:p )

We will be CC debt free by next June. :j
I have been in debt since I was 19 - so 12 years!

(We will still have the mortgage debt next year though, prob will have that for quite a while though.)

A_Nice_Englishman

47, single, own house, car and teeth

No debts until I was 29, then bought a house on a mortgage so owed £44K, gradually reducing until it was finally paid off about three years ago with the help of a redundancy payment.

No debt since and now looking to save for early(ish) retirement

doodledo_2

I am 31 and have been in debt pretty much since turning 18

Hope to be debt free by 33

meerkat2007

45 now, got my first debt when I was about 25 (an overdraft facility £800 - used to the limit at the time). I'm hoping to be out of debt by the time I'm 50.

It's a very sobering thought that, when I achieve that, I'll have spent half my life in debt. I think I'm a very good example of why there should be proper financial education in school.

Crikey - now I'm depressed ...

lilmissmup

Sorry didn't mean to make anyone depressed just thought would be interesting to find out ages and debts and if theres any pattern.

Big Hug MeerKat!

~evanesco~

I'm 27, and have been in debt many times since I was 18. I was debtfree for 2 years, upto last January, when I found myself (through unfortunate circumstances, not of my own doing) homeless and jobless. This resulted in major spending on all fronts, when uptil then I had no store cards, credits cards or catalogue accounts, now I have at least 2 of each and some outstanding utility bills. I found MSE in about October last year, and although I was initially filled with enthusiam, that wore off and I went off the rails. I'm now firmly back on track and will be debt free in 7 months. My OH is working, once debtfree we will have a disposable income of around £1000 per month. We intend to save for a deposit for a house and then overpay the mortage and live happily ever atfer (so the theory goes, i'm constantly looking out for the nig spanner that's due any time :rolleyes: )

millionaire_in_training

I'm 42 and been in debt from age of 21. Half my life :eek: . Due to an excessive lifestyle ( ex's not mine ) and stupidity. Getting there now though x

PasturesNew

A_Nice_Englishman wrote: »

47, single, own house, car and teeth

But do you still have a waistline and hair?