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-£40k... -£10k... -£5k... -£3.7k... -£2k to debt free to my first house!!!!!!!!!!

13

Comments

  • GZA1981
    GZA1981 Posts: 20 Forumite
    Third Anniversary 10 Posts Name Dropper Debt-free and Proud!
    I'm now up to £11,000 in savings and moving to a position where I can start to look to buy my first house  :)
  • vampirotoothus
    vampirotoothus Posts: 374 Forumite
    Part of the Furniture 100 Posts Name Dropper
    Congratulations and good luck with your home hunt V x
  • GZA1981
    GZA1981 Posts: 20 Forumite
    Third Anniversary 10 Posts Name Dropper Debt-free and Proud!
    I'm now up to £16,000, it's made such a difference to my mental health not being in debt :smile:
  • GZA1981
    GZA1981 Posts: 20 Forumite
    Third Anniversary 10 Posts Name Dropper Debt-free and Proud!
    Up to £25,000 and looking for a house  :smiley:

    Hoping this might help someone in similar circumstances see some light at the end of the tunnel  :)
  • Mortgage_Minimiser
    Mortgage_Minimiser Posts: 341 Forumite
    Part of the Furniture 100 Posts Name Dropper
    This is an amazing story. Thanks for sharing!

    I'm sure it wasn't easy.

    MM
    Mortgage 1 - 01/2/2015 - £243,750 ; Mortgage 01/11/2024 - £132,576.55
    Mortgage 2 - 2019 - £76,600 ; Mortgage 01/10/2024 - £47,763.29
    MFit-T5 - reduce to £140,000 MFiT-T6 - reduce to £110,000

    01/10/2024 Daily Interest - M1 = £18.27 (!!); M2 = £7.41

    Debt at highest point in 24 -£21,344
    Debt 1st November 24 - £16,192.18 24% paid. Focusing on this in earnest!!!
  • changingmyways23
    changingmyways23 Posts: 45 Forumite
    10 Posts First Anniversary Name Dropper Photogenic
    edited 3 March 2024 at 3:33PM
    This is exactly what I'm trying to do! Huge well done, @GZA1981, this is so inspiring. Hope you find your perfect first home. :)
    Paying down my debt
    Aug '24: Debt-free!
    Jul '24: £772.75
    Jun '24: £1441.03
    Apr '24: £2,313.27
    Mar '24: £3,132.45 
    Feb '24: £3,632.45
    Jan '24: £4,082.45
    Dec '23: £4447.55

    Read my debt-free diary
  • GZA1981
    GZA1981 Posts: 20 Forumite
    Third Anniversary 10 Posts Name Dropper Debt-free and Proud!
    changingmyways23 said:
    This is exactly what I'm trying to do! Huge well done, @GZA1981, this is so inspiring. Hope you find your perfect first home. :)
    Thank you.

    Best of luck, you can do it! :smiley:
  • GZA1981
    GZA1981 Posts: 20 Forumite
    Third Anniversary 10 Posts Name Dropper Debt-free and Proud!
    I am now up to £30,000 and continuing to look for a property :smile:
  • Lonelygambler
    Lonelygambler Posts: 420 Forumite
    100 Posts First Anniversary Name Dropper
    This is amazing, £5k up within two months! Great stuff. 
    Gambling Addict - Acting now before it's too late. Gambling losses well over 25k. 

    Current Situation Started Posting in Apil 24:
    Unsecured Personal Debt - July 2025
    Natwest CC 0% - £3000 (Cleared November 2024)
    Lloyds CC 0% £4500 - £900
    Barclaycard CC 0% £12,567 - £7700

    11/6/24 - 17 MonthsGamble Free - Longest in years. Gambling is an illness. Seek help. It is not worth your life. 
  • PollyPocket4
    PollyPocket4 Posts: 5 Forumite
    First Post
    What a great diary. Well done OP 🥳
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