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  • FIRST POST
    • MSE Martin
    • By MSE Martin 26th Oct 06, 4:03 PM
    • 8,111Posts
    • 42,247Thanks
    MSE Martin
    The Debt Free Roll Of Honour
    • #1
    • 26th Oct 06, 4:03 PM
    The Debt Free Roll Of Honour 26th Oct 06 at 4:03 PM
    Update Jan 2018. We started this Debt Free Roll of Honour back in 2006 and since then there have been some fabulously inspiring stories, which you'll see if you read below.

    To read the most recent debt-free announcements click the double arrow above to head to the last page of the discussion

    Back to Martin's original post...

    ---

    Welcome to the Debt-Free Roll of Honour.

    This is for Debt-Free Wannabees who are no longer Wannabees.

    Please report

    a. The date of your lightbulb moment
    b. Debts at their highest
    c. Debt-Free Date
    d. Your one perl of wisdom.
    e. Links to the MSE guides that helped you
    f. Which forum threads helped you
    g. And if you had a debt diary on the Debt-Free Wannabe board (DFW), a link to it

    And huge congratulations

    Martin

    PS Please no one else post - let's keep this a pure record of successes

    PPS Please come back to let us know Debt-free No Longer Wannabes - What they did next" discussion to tell us what you've been up to."



    Past Debt Free No Longer Wannabes (huge congratulations)

    2016 TOTAL: 85

    OxfordGirl, datlex, sentientpoet, austonic, muppets, NJS2016, Bipolar_debt, monz, ab_saver, Money_Muppet , retiredandskint, lambda, Princesssparkle, Onmyway2, Seasidegal58, QuietOne, Willowpop, daveg10, NewcastlePaul, eco farmer, SpekySquarehead, C&S, Gazza1964, naff123, pineconesjay, lsmcal1984, blu3sky, villemo84, mesci, Honeylife, Karma67, timefortea, chocoholic_chick, purpleposting4, dangerpowers, e4rub, starnac, Carviscocker, Fender4, dolly84, Brightspark87, hoglet121, Bored, devon-tony, mrsbee17, Tony_, stekka, Kate_fixing_it, Gladioli, HornetSaver, sistercas, Tiglath, moneycantbuyyouhappiness, RosaBernicia, Catwoman_2015, Baldybear, Muhren, please-let-me-be-lucky, gig11, skilly, heartbreak_star, Frith, CornishMaid, tizerbelle, Ronoir,
    takingcareofthepennies, Mysteek, Sillygal, laura84gr, medusasmummy, depressed_but_determined, Soph86, princess_pea, bookworm262, Hobbes1, glentoran99, NoStrangerToDebt, CapricornLass, Serafine, 2spicy, mc2705, AshB123, koselur, mothernerd, BrandNewStart[/SIZE][/B][/COLOR]

    2015 TOTAL: 115!!

    nannygladys, beckle_82, neuromancer, Alpedro, Aphidgirl, LotsToDo, stewby, Pepperoni, Squarehead76, nonnynonny, danant, DML1954, mrshughes86, Blinky2010s, Rachiedabbler70, Playing with Fire, katy_ann, lexbubbles, diamonds, andy1886, stiltoncheese, looby1975, shofer, Karb, kittypimms, Growurown, Want_to_be_free, crazy_cat_lady, David123456, FinallyGettingFree, malnuman, ShirePiskie, black cat, boring1, kremmen, BlueEyedGirl, antonia86, ice_babe, Apple Crumble, LittleDutchgirl, natsplatnat, her_welshness, dads_albums, supersavor, KONG, HomeAlone, kerryallc71, fredtheguava, xxxJOJOxxx, The Only Girl, uncreative, NeverAgain2, Penny Bridge, boot13t, lemanie, gree0115, cakeforbrains, hydrangea, Cynical Monkey, tripled, ShopaholicNumber1, Lwsi, CrazyKitten, Nargleblast, kirstle99, Polly Wolly Doodle, SMGee, D3P0, MissShoes, kb_soma, Chimping, StrawberryJam132, maria3104, happycrafter, bassitt74, Ratison, GingerFurball, Tammy2, NewlyFrugalMumof3, cottage_retreatist, boucho11, *zippy*, MNM2903, allydowd, joee, Zabki, 7roland8, naughtymonkey, babyplum, NorthernMonkey1, Time to face the music, melwright, Daerve, johnboyinsole, Ali-OK, thewalrussaid, kika, Skinnylatte, fevlo, Seanymph, Smedley, poohbear59, happybunny86, spot3, xxlouisexx56 , Idollic, hannah2010, MrWillyWonka, Getmeoutofdebt, powellypowelly, AlexLK, Laconic, cluckyhen, rising from the ashes, KirstyO

    2014 TOTAL: 92

    2013 TOTAL: 81


    This Forum tip was included in MoneySavingExpert.com's weekly email!
    Last edited by MSE Andrea; 12-01-2018 at 12:07 PM.
    Martin Lewis, Money Saving Expert.
    Please note, answers don't constitute financial advice, it is based on generalised journalistic research. Always ensure any decision is made with regards to your own individual circumstance.

    Don't miss out on urgent MoneySaving, get my weekly e-mail at www.moneysavingexpert.com/tips.

    Debt-Free Wannabee Official Nerd Club: (Honorary) Members number 000
Page 89
    • beanielou
    • By beanielou 25th Mar 18, 11:37 AM
    • 52,895 Posts
    • 208,156 Thanks
    beanielou
    Hope I am not being presumptuous but you might be talking about me? Anyway you prompted me so I have done it now
    Originally posted by doingitanyway
    Yes, I was

    You & the lovely Millan
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 2 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger.
    • RosaBernicia
    • By RosaBernicia 26th Mar 18, 8:10 PM
    • 3,453 Posts
    • 9,087 Thanks
    RosaBernicia
    Hope I am not being presumptuous but you might be talking about me? Anyway you prompted me so I have done it now
    Originally posted by doingitanyway
    Glad I stopped by as was wondering if you had done it shouldn't you get an MF badge too?...


    Rosa xx
    Debt free May 2016... MFW progress 2.3 2.8% 3.1% 3.3%


    • beanielou
    • By beanielou 26th Mar 18, 9:11 PM
    • 52,895 Posts
    • 208,156 Thanks
    beanielou
    Whats the badge badger called again?

    ETA MSE Badger.
    Last edited by beanielou; 27-03-2018 at 8:15 AM.
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 2 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger.
    • doingitanyway
    • By doingitanyway 27th Mar 18, 5:29 PM
    • 2,899 Posts
    • 14,115 Thanks
    doingitanyway
    Glad I stopped by as was wondering if you had done it shouldn't you get an MF badge too?...


    Rosa xx
    Originally posted by RosaBernicia
    Not sure I know the process for getting badges but I would love a debt free and a mortgage free badge please
    JANUARY 2016/SECURED DEBT=24,822/March 2018=0 DEBT FREE 23/03/18
    MORTGAGE FREE 25/07/16
    • beanielou
    • By beanielou 27th Mar 18, 9:47 PM
    • 52,895 Posts
    • 208,156 Thanks
    beanielou
    Calling MSE Badger
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 2 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger.
    • milann
    • By milann 28th Mar 18, 3:59 PM
    • 1,660 Posts
    • 7,713 Thanks
    milann
    I've done it - I'm debt free......

    Lightbulb moment - 2006 - I was in ICU seriously ill and was more worried about my debt than my illness....
    Debt at highest - I didn't total it as it was too scary for me - but well over £20,000
    Pearls of wisdom
    - don't set impossible targets that'll disappoint you if you can't meet them, endangering you to give up - keep moving step by step in your right direction
    - keep on the boards and support one another - but don't compare stories as we are all different
    - remember to make a life doing cheaper alternatives than before with the odd treat, not just debt clearing and accept life can get in the way sometimes - BUT DONT GIVE UP

    My diary is Milanns life keeps getting in the way

    My best moment was yesterday when I was in the same hospital waiting to go into theatre for another very minor op - I'd been debt free a few days and know I'm going on half pay as I've been off work a while. I can now accept and manage this although not ideal - but I won't be paying half my wage paying debts.....I thought back to 2006 and how worried about money I'd been - a different world and its good
    Last edited by milann; 28-03-2018 at 4:03 PM.
    • beanielou
    • By beanielou 28th Mar 18, 4:06 PM
    • 52,895 Posts
    • 208,156 Thanks
    beanielou
    I've done it - I'm debt free......

    Lightbulb moment - 2006 - I was in ICU seriously ill and was more worried about my debt than my illness....
    Debt at highest - I didn't total it as it was too scary for me - but well over £20,000
    Pearls of wisdom
    - don't set impossible targets that'll disappoint you if you can't meet them, endangering you to give up - keep moving step by step in your right direction
    - keep on the boards and support one another - but don't compare stories as we are all different
    - remember to make a life doing cheaper alternatives than before with the odd treat, not just debt clearing and accept life can get in the way sometimes - BUT DONT GIVE UP

    My diary is Milanns life keeps getting in the way

    My best moment was yesterday when I was in the same hospital waiting to go into theatre for another very minor op - I'd been debt free a few days and know I'm going on half pay as I've been off work a while. I can now accept and manage this although not ideal - but I won't be paying half my wage paying debts.....I thought back to 2006 and how worried about money I'd been - a different world and its good
    Originally posted by milann
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 2 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger.
    • Onebrokelady
    • By Onebrokelady 29th Mar 18, 4:02 PM
    • 341 Posts
    • 933 Thanks
    Onebrokelady
    Congratulations on becoming debt free everyone ,I've just startec on my DMP and I've read this thread from start to finish,it's sooooo inspiring,I can't wait until I can post here,well done to you all xx
    Just keep swimming
    Original Debt Owed Jan 18 = £17,630 Paid To Date = £502 Debt Now = £17,128
    • pinkspideruk
    • By pinkspideruk 30th Mar 18, 10:23 PM
    • 204 Posts
    • 3,636 Thanks
    pinkspideruk
    So last month I paid the last installment on my DMP and I am now debt free (I waited until the payment showed as clear on my balance with the last debtor before posting).

    I am now looking forward to starting to save! I've decided to save 50% of what I was paying to the DMP each month which leaves me with a comfortable amount to live on plus after a few months a decent amount of savings

    Lightbulb moment: November 2014 my birthday and receiving only mail about debts!
    At their highest I owed just over £13k on loans and credit cards
    Debt Free Date: 20th Feb 2018
    Pearl of wisdom: dont be afraid to tell people no - like when they say hey we are off on a stupidly expensive trip to a xmas market before i would be like yeah im coming and just pay for it on credit but now im like sorry guys cant afford it right now but happy to meet at a house or go for some xmas drinks with you
    Forum thats helped was the dmp ones
    I didnt have a debt diary
    Last edited by pinkspideruk; 30-03-2018 at 11:18 PM.
    Anything is possible if you believe

    Jan 2015 - £13,000 Feb 2018 £0 DEBT FREE WOOHOO now to start saving
    • slm6002
    • By slm6002 10th Apr 18, 10:57 AM
    • 1,794 Posts
    • 4,824 Thanks
    slm6002
    I have done it - I am now debt free.

    Feels very good to say this after so long of chipping away at it, little by little.

    Now going to tackle the mortgage
    Me,OH, DD 12, DS 10, DD 7
    DFW Nerd 1103 Debt Free 04/18
    • StokieBecks
    • By StokieBecks 17th Apr 18, 8:03 PM
    • 4,505 Posts
    • 27,248 Thanks
    StokieBecks

    Please report

    a. The date of your lightbulb moment
    b. Debts at their highest
    c. Debt-Free Date
    d. Your one pearl of wisdom.
    e. Links to the MSE guides that helped you
    f. Which forum threads helped you
    g. And if you had a debt diary on the Debt-Free Wannabe board (DFW), a link to it

    And huge congratulations

    Martin
    Originally posted by MSE Martin
    I know I am not the most prolific poster on the debt free wannabe boards but I have scoured them daily for probably two years taking on all the advice of the wonderful posters. Too many of you to mention but there are some exceptionally knowledgeable posters on here who are a massive source of information and guidance to all on this debt free journey. THANK YOU ALL!

    So I have done it! The last payment went today and the balance is already showing as zero on the final account.

    A) Can't pinpoint an exact date for my lightbulb moment but certainly wanting to rent with my new partner in 2015 made me a lot more aware that I was in a hole. Lightbulb fully lit when I received a CCJ by default in January 2016 and the court didn't didn't agree to my monthly offer and instructed me what I had to pay a month - From there I addressed all my debts and started making payments to avoid any more court action. Was so disappointed in myself.

    B) Looking at my records my debts at their highest were £13,562 - this included a £3000 overdraft, £3884 on a credit card linked to my bank, £949 on a capital one credit card, £1641 on a bank loan and the rest made up of various catalogue debts.

    C) Last payment paid 17th April 2018. All accounts now showing online as zero balance

    D) I don't have one pearl of wisdom but to everyone on the journey just keep at it, don't ignore the situation, that makes things worse not better, if you need advice, ask - there is always someone here who will be able to advise! Have a budget and stick to it, don't leave yourself short , you still have to have a few treats along the way and as long as they are budgeted for don't feel bad about it.. also don't compare your journey to that of someone else.

    E, F and G). I didn't have a diary but read bits of others along the way , the whole forum was helpful as even though I don't contribute often, I read posts a lot and have taken snippets of advice along the way.
    • indesisiv
    • By indesisiv 23rd Apr 18, 11:15 AM
    • 5,482 Posts
    • 18,105 Thanks
    indesisiv
    a. The date of your lightbulb moment: March 2015
    b. Debts at their highest: £25,000
    c. Debt-Free Date: Mar 2018
    d. Pearl of wisdom: Leave some money in your budget to do enjoyable things if you can. Whilst it may add on a couple of months to your DFD it doesn't then feel such a hassle for years whilst you are paying it down.

    First time I have been debt free since 1999, although I only recently started to deal with it. I have set up a new account with a standing order of £350 going straight into it for savings. This is less than what I have been paying on my debt payments so its a win-win, I have an instant savings pot of £350 a month, and I also have a spare £100 or so each month than I had before to be frivolous with.
    Originally posted by indesisiv
    How come everyone else that posted on here got the debt free badge and I didn't
    Is it because it took me about 15 years to get around to having a lightbulb moment before actually paying it all off?
    “Time is intended to be spent, not saved” - Alfred Wainwright
    • beanielou
    • By beanielou 23rd Apr 18, 6:24 PM
    • 52,895 Posts
    • 208,156 Thanks
    beanielou
    How come everyone else that posted on here got the debt free badge and I didn't
    Is it because it took me about 15 years to get around to having a lightbulb moment before actually paying it all off?
    Originally posted by indesisiv
    Because the badge badger seems to be on their holidays.
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 2 lbs **

    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger.
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