What on earth am I going to think about when...

Highlanddream

I am debt free? I spend a lot of time dreaming up ideas and plans to clear it but when it's gone ? I will have a massive hole in my brain space! I have 20 months to go so it it is a while off yet. 

doingitanyway

I felt adrift once I had paid off debt of 24k. It took months to deal with. But you can transfer debt free zeal to savings zeal!

Highlanddream

Ahh, now that is a good idea! Thank you. Did you do that? 

SandyShores

Same here - we had about £5k of our debts left to pay when we received £10k of PPI refunds in the post - felt ever so slightly cheated of the satisfaction of struggling to pay it off.  

We're paying off our mortgage now, but otherwise its pensions and savings for us.  We've got about £17k in PBs at the moment and hoping for the big prize soon (its a long shot but who knows).  We've also started holidaying more regularly so we saved in advance for those.

Lettingissues77

I’m at the beginning of my DMP journey, but today I felt so excited about the thought of just having one bank card! It seems so sad, but after years of having loads of credit cards and thinking about what’s available on what. It just feels liberating. Can’t even dream of being debt free yet. Well done! 

sourcrates

Put all that effort and resourcefulness into saving money in the future, not giving it to some bank.

400ixl

I would have thought training your brain to only spend on what is necessary for a short period to really understand what your future costs are going to be. Then focus on what you want to save vs spend a little on enjoying living without the risk of getting back into debt.

You need to find that right balance or you may risk just yo-yo'ing into debt and out again. The discipline and concentration will be needed for a few years before it becomes totally natural I would have thought.

Rob5342

I'd make some long term plans and concentrate on making those happen. Paying off your mortgage early, saving up to hsve a new bathroom fitted etc. 

Highlanddream

I am lucky enough not to have a mortgage - hence the short term debt. I didn't expect the short term debt to annoy me so much, but it has. 

in_need_of_direction

in a way, it's good that you were annoyed by the debt.  think how much more it would have cost if you weren't determined to clear it

Highlanddream

in_need_of_direction said:

in a way, it's good that you were annoyed by the debt.  think how much more it would have cost if you weren't determined to clear it

yes, could do with a holiday though