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Officially Debt Free!!! :)

As of 3rd May I am officially debt free. I had a bonus payment (which should have been paid in February) from work which has allowed me to pay off the last of my debt and put just under £3000 into savings!!! :) I am so unbelievably chuffed! I am not shelling out so much a month now, so my outgoings are literally rent to parents, child support, car things (insurance, diesel), and my phone. I can now look at getting Netflix / Disney + / Amazon Prime!!! :) little luxuries which make life better! :) Thank you everyone. I have lurked for ages and taken advice from everyone and it's literally paid off
  • Total Debt :£190,000 - Mortgage
  • Owed: £9000 Virgin Atlantic American Express
  • Owed: £9000 Tesco Clubcard Mastercard
  • Owed: £5500 Barclaycard Platinum
  • Owed: £1800 - Car Payments
  • Debt Free Date : May 2050

Comments

  • Willing2Learn
    Willing2Learn Posts: 6,294 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Make a post in the debt-free roll of honour sticky thread and then you will get your badge to signify your achievement.  :)
    I work within the voluntary sector, supporting vulnerable people to rebuild their lives.

    I love my job

    :smiley:
  • Naomim
    Naomim Posts: 3,198 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Congratulations! I look forward to reading your story in the Debt Free Roll of Honour thread.
    Credit Cards NOV 2019 £33,220.42 Sept 2025 £16,515.00 Here's my diary: A Ditherer's Diary Again
  • Congratulations!! 
    Debt Free as of December 2020 👏

    Save 12k in 2025 #6 - £300 / £3000

    MFW - 19 months shaved off the mortgage
  • ryanm8655
    ryanm8655 Posts: 1,221 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Congrats - must be such a relief.

    August 2019: £28.8k

    November 2020: £0 (0% interest)

    My debt free diary: https://forums.moneysavingexpert.com/discussion/comment/77330320#Comment_77330320


  • Yeay! Best of luck for the future!
    "Everything comes to him who hustles while he waits" Thomas Edison
    Following the Martin mantra "Earn more, have less debt, improve credit worthiness" :money:
  • ZaSa1418
    ZaSa1418 Posts: 651 Forumite
    500 Posts Third Anniversary Name Dropper
    Congratulations
    LBM Debt Total : £48,326.50

    Pay All Your Debt Off By Xmas 2023 - #50  £1,495.29 / £12,000.00
    Saving For Christmas 2023 - £1 a day challenge - #6 £100/£1095.00
  • ste_coxy
    ste_coxy Posts: 426 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    that's amazing news!! what are you going to do next? do you have any plans on what to do with your money now that all of it is yours?
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