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    • MSE Martin
    • By MSE Martin 26th Oct 06, 4:03 PM
    • 8,116Posts
    • 42,310Thanks
    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 December 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."




    This Forum tip was included in MoneySavingExpert.com's weekly email!
    Last edited by Former MSE Andrea; 17-12-2018 at 12:03 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 96
    • ponypal
    • By ponypal 31st Oct 19, 2:10 PM
    • 234 Posts
    • 1,817 Thanks
    ponypal
    a. The date of your lightbulb moment: June 2016
    b. Debts at their highest: £10,000
    c. Debt-Free Date: July 2017
    d. Your one perl of wisdom - get someone to hold you accountable, and if you can overpay with no penalty DO IT!
    e. Links to the MSE guides that helped you: MSE helped me choose to switch my loan to another provider, I was able to get a much better interest rate and saved a lot in the long run!
    f. Which forum threads helped you the No Spend Diaries and other people's debt diaries. I also got really into Youtube Budgeting videos
    g. I did not have a debt diary but I did post this when I got out of debt and got some interesting tips: https://forums.moneysavingexpert.com/showthread.php?t=5663881
    Debt Free since December 2017
    • katius
    • By katius 27th Nov 19, 5:24 PM
    • 5 Posts
    • 19 Thanks
    katius
    Finally!

    a. The date of your lightbulb moment Feb 2016, started with a DMP with step change after servicing the debt for years but not making a dent
    b. Debts at their highest £22,082.61
    c. Debt-Free Date 21 Nov 2019
    d. Your one pearl of wisdom.Dont hesitate in asking for help, the sleepless nights and stress this causes are horrendous
    e. Links to the MSE guides that helped you Reclaiming PPI via the guides on here meant just over £1000 was paid off one debt
    f. Which forum threads helped you Debt free wannabee, debt free for Xmas and debt free roll of honor
    g. And if you had a debt diary on the Debt-Free Wannabe board (DFW), a link to it I did not but i did post occasionally on debt free wannabee
    • BlackCoffeeNoSugar
    • By BlackCoffeeNoSugar 29th Nov 19, 8:33 PM
    • 530 Posts
    • 2,344 Thanks
    BlackCoffeeNoSugar
    So pleased to be able to post here

    a. The date of your lightbulb moment: November 2017.
    I had been living in rather naÔve ignorance - I had been overpaying slightly over my minimum, and making bigger payments when I could, but really was kidding myself that that technique would get me back on track. In the back of my mind, I'd convinced myself that if I could really pay attention, I could clear the total in a year, or maybe 18 months. Working out what the reality of that would entail, made me gulp, and then let out some very sweary words In the end, it's taken 2 years of really putting making the debt a priority, instead of an afterthought.

    b. Debts at their highest: £8,619

    c. Debt-Free Date: Today! 29th November 2019

    d. Your one pearl of wisdom: Get as much debt shifted to 0% as you possibly can It really helped my motivation seeing the total go down by the actual amount I paid to it each month, rather than seeing a chunk being swallowed up by interest.

    e. Links to the MSE guides that helped you: Too many to choose from, but the Haggle your Broadband guide was used most recently (and very successfully!)

    f. Which forum threads helped you: Iíve found the Pay All Your Debt off by Christmas 2019 to be motivating (helped by my 0% deal expiring on Dec 25th!) however all of the DFW diary threads deserve a mention - there are people working miracles with their finances in there, it's been so inspirational to follow them along.

    g. And if you had a debt diary on the Debt-Free Wannabe board (DFW), a link to it: Yes! My diary has been so helpful to keep me motivated and accountable. Thanks to everyone who lurked, liked and posted on it It is here: Going, Going...Still Going!
    Debt at Nov 2017: £8,619 Debt at Dec 2018: £4,161 Debt at Nov 2019: £0
    Pay ALL your debt off by Xmas 2019 #04 - £4,161 / £4,161
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