When will you be debt free? 🎉

BlueJ94

Morning all 👋 I'm trying to be a bit more active in here. 

So when will everyone be debt free and do you have any tips?

I'm roughly going to be debt free March 2022 with the help of a DMP! Any advice on how not to get back into debt?

Have a lovely day everyone ☺️

KazzaR

Morning 😊 I’ve literally just started my DRO so I still got a way to go but I have definitly learned a lot. I know I never want to be in a financial mess again, with letters coming daily, constant phone calls bailiff threats!! I’m feeling relieved it’s been taken away and I will never get myself in that mess again!!🤞🏻

Good luck to everyone 🙌🏻💪🏻

vixx_123

Take a look at this recent thread: https://forums.moneysavingexpert.com/discussion/6227723/21k-cleared-what-i-learned

enthusiasticsaver

Good morning and welcome. I don't have any debt but my advice to get and stay debt  free is as follows

Monitor your spending so you know where your money is going and you can see quickly if you are over spending. Try and move away from impulse buys.
Save a decent emergency fund.
Budget and save for annual or large expenses.
If you have a history of getting into debt move away from using credit as it is much easier to overspend than when you use a debit card (no overdraft) and can see the balance coming down as you spend. 

Good luck on getting the debt cleared. Maybe start a debt diary on here? You will get lots of support then. 

BlueJ94

enthusiasticsaver said:

Good morning and welcome. I don't have any debt but my advice to get and stay debt  free is as follows

Monitor your spending so you know where your money is going and you can see quickly if you are over spending. Try and move away from impulse buys.
Save a decent emergency fund.
Budget and save for annual or large expenses.
If you have a history of getting into debt move away from using credit as it is much easier to overspend than when you use a debit card (no overdraft) and can see the balance coming down as you spend. 

Good luck on getting the debt cleared. Maybe start a debt diary on here? You will get lots of support then. 

Great thank you for the tips ☺️

I do have a diary I started it last night 😁

Kakiste

I'll be debt free in summer 2022- a few factors will change whether this happens faster or later. 

As has been said above, I found being really vigilant of my online banking so I could see exactly what money is going out and to what helps a lot. I do a budget every payday to divide up what I will spend into different savings accounts and then only spend on that item from that pot.  

Mimi_Arc_en_ciel

Aug 2022 currently. Hoping to be sooner! 

BlueJ94

Kakiste said:

I'll be debt free in summer 2022- a few factors will change whether this happens faster or later. 

As has been said above, I found being really vigilant of my online banking so I could see exactly what money is going out and to what helps a lot. I do a budget every payday to divide up what I will spend into different savings accounts and then only spend on that item from that pot.  

Oh good luck! 🤞 Oh that's a good one, I'm on a DMP now so thankfully I only have to focus on what I NEED not what I want. 😬

BlueJ94

Mimi_Arc_en_ciel said:

Aug 2022 currently. Hoping to be sooner! 

Ooo good luck 🤞

Lookafterthepennies2020

I'm hoping to be debt free by Xmas 2021, or sooner fingers crossed x

BlueJ94

Lookafterthepennies2020 said:

I'm hoping to be debt free by Xmas 2021, or sooner fingers crossed x

Good luck!! 🤞X