Im Starting In Jan 2008!!!!

Jeeves1983

Im not one for usually making New Year resolutions but this one has really spurred me on. I am not hugely in debt compared to others on this site, but it still worries me. Im only 24, my wife 21 and we have two children. I live in an army subsidised house too. The problem is is that we are rather young and were rather naive when we first started out. We would love to get our own house but things like bad credit history have always dogged us and decisions we thought were clever actually weren't. We have realised that to be able to have a decent future for our children and ourselves we need to act now.

I have snowballed all of our debts minus the ones we owe our family and we can be completely debt free by December 2010. Thats £14371 in 3 years. Family and friends are owed £2000, but we are making regular payments to these. I have also frozen 2 out of my 3 credit cards to reduce temptation (the third i already cut up).

I feel like with my new found urgency to deal with this, along with all the support members of this amazing site can give me, i can manage it. After this is done i wish to save too.

Anybody with a similar amount and time frame want to join me in this conquest to deny credit companies any more of our hard earned cash???

:beer:

Snaggles

Hi Jeeves, welcome! :wave:

Great new years resolution - now you've posted it on here, there's no going back.

I have two suggestions for you:

a) why not post an SOA (see the thread for newbies at the top of the forum) so we can see if we can help you save some money, and

b) I would strongly recommend reading Immoral Angel's diary - they are a young couple with 2 young children, doing an incredible job of paying off their debts - it's inspirational, and also funny and entertaining.

Good luck with it all!

Jeeves1983

Ok i will do the SOA tonight. On the outside it doesn't look like we have much to worry about but i do worry about it and its getting on my wick. 3 years living tightly has got to be better than a life time living tightly in a rented house cos i can't get a mortgage. Thank you.

pania

Hiya Jeeves and welcome!!!! we will all be here to hold you to that resolution!!! good luck hon. from the other end of the A140!! xxx

Jeeves1983

Thanks pania. My debts seem like nothing compared to yours. How do you deal with it. Your all being really nice and supportive and i thank you all for that. Ill post my SOA tonight for you all to read.

iamashoppingaddict

Good luck from a fellow ipswich person!!!

meyore

I can relate to what your going through there. My OH is in the army and to have any hope of a future together we have to get out of debt. Good luck with your debt fee journey.
Xx

free4440273

Welcome Jeeves to DFW: excellent news on beginning to clear your debts:)

pania

it's a struggle sometimes but you have to look at it in perspective, I'm very fortunate to be able to throw myself into it and work to get it cleared, some people aren't in such a fortunate position. You are in a fantastic plsace full of supportive people, If you want it gone and are resolute in your goal then you will have no trouble in confronting it.
SOA would be grand, these bods here are soooo good at saving money, we're the banks worst enemies!! he he. Hugs x

sammiboo

Hi Jeeves and welcome to the wonderful world of money saving

A year ago last march I owed over 15k and worked really hard at getting rid of the debts. I currently owe around 3k so it is possible to get rid of your debts in 3 years. My Goal was 3 years and my debt free date was 2009

I have recently bought a house (last month) so I just wanted to let you know that it can be done and I wish you lots of luck as I know exactly what its like.

taxi73

Hi and welcome aboard..you've made the biggest step by signing up and you'll not regret it.We are all here to help so look forward to your SOA...you will do it and yes it's worth FEW YEARS ON A TIGHT BUDGET for a lot more happier years..will check back later