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Debt free or savings
Bgib89
Posts: 2
Newbie
After a few years of being stupid and getting into debt. I have now decided enough is enough and to tackle this head on.
I want to get rid of my debt as fast as I can then work my way to getting a deposit for a morgage..
I'm hoping with your help we all can work together and help each other with tips and motivation to get the debt gone..
Who's ready to join me in my journey to becoming debt free?? X
I want to get rid of my debt as fast as I can then work my way to getting a deposit for a morgage..
I'm hoping with your help we all can work together and help each other with tips and motivation to get the debt gone..
Who's ready to join me in my journey to becoming debt free?? X
0
Comments
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Good luck with becoming debt free and getting together savings. I found it much quicker to get savings together for a deposit once I had paid off my debts. (Basically put the debt payments plus a bit more to savings)Paid off the last of my unsecured debts in 2016. Then saved up and bought a property. Current aim is to pay off my mortgage as early as possible. Currently over paying every month. Mortgage due to be paid off in 2036 hoping to get it paid off much earlier. Set up my own bespoke spreadsheet to manage my money.0
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The best thing to do is to seriously try to cut down on spending and pay off debts as quickly as you can. If you are planning to save up for a house deposit you also need to make sure that you are eligible for a mortgage so paying off debt is a big part of that and making sure that you don't go deeper into debt is the other part.
You can do it! Just be strict with yourself and allow yourself the odd treat.0
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