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  • FIRST POST
    • josephine82
    • By josephine82 2nd Oct 09, 12:26 PM
    • 359Posts
    • 355Thanks
    josephine82
    Debt Free- Woohoo!
    • #1
    • 2nd Oct 09, 12:26 PM
    Debt Free- Woohoo! 2nd Oct 09 at 12:26 PM
    Today I am debt free!

    When I joined this site in April I had 2 debts amounting to £3264.76.
    One was a loan, and one was the outstanding finance on my car.

    Anyway I'm glad to say that as of today I am now debt free. I am amazed at how much I have saved over the past 5/6 months to put towards my debt. About £900 of this was a small payment from my inheritance, which I am really thankful for. The rest of my inheritance is now in a locked account and I'm now going to be saving the £300 that I was saving before, plus the £80 HP payment every month, towards a deposit for a house.

    It feels amazing that I now have no debts, and that i can start seeing my house deposit grow and grow. I am also on a mission to cut my budget even further, to finish the month with money in my account to go into savings. My finances are so well organised, budget for everything and anything and so I'm really hoping to save as much as possible and buy a house as soon as possible!

    Next step is to request my credit reports as I havent done that for about a year, to check everything there is sorted- should be, and close any old accounts. I want my credit rating to be as perfect as possible when I apply for a mortgage!

    Thanks for all your help and advice!

    Josephine x
    Debt Free as of 2nd October 2009
Page 1
  • Nikkei
    • #2
    • 2nd Oct 09, 12:30 PM
    • #2
    • 2nd Oct 09, 12:30 PM
    Congrats :-) !!!!
  • brokemedic
    • #3
    • 2nd Oct 09, 12:33 PM
    • #3
    • 2nd Oct 09, 12:33 PM
    Congratulations!!

    I love reading stories like this - shows it can be done. You should have a little treat before you return to moneysaving mode..
    One debt in 100 days £384/1264(£865 left)
    Pay all your debt off by xmas 2014 £276/18864
    NSD 4 and 4 in a row
    • Katy83
    • By Katy83 2nd Oct 09, 12:33 PM
    • 528 Posts
    • 1,827 Thanks
    Katy83
    • #4
    • 2nd Oct 09, 12:33 PM
    • #4
    • 2nd Oct 09, 12:33 PM
    Well done! That's brilliant news!!
    LBM 17th August 2009 Debt at LBM £18,612 Proud to be dealing with my debts.
    • Damita
    • By Damita 2nd Oct 09, 12:45 PM
    • 341 Posts
    • 712 Thanks
    Damita
    • #5
    • 2nd Oct 09, 12:45 PM
    • #5
    • 2nd Oct 09, 12:45 PM
    Congrats! That's great news
    Debt Then 06.07 - £11,000 - Debt Now £0.00
    DFD Aug 2011

    • Nargleblast
    • By Nargleblast 2nd Oct 09, 1:01 PM
    • 9,325 Posts
    • 60,036 Thanks
    Nargleblast
    • #6
    • 2nd Oct 09, 1:01 PM
    • #6
    • 2nd Oct 09, 1:01 PM
    Well done! Now you have your life back, don't make the same mistakes again. And please get yourself on the Role of Honour with some tips on how you managed it
    One life - your life - live it!
    • sistercas
    • By sistercas 2nd Oct 09, 1:05 PM
    • 4,840 Posts
    • 58,638 Thanks
    sistercas
    • #7
    • 2nd Oct 09, 1:05 PM
    • #7
    • 2nd Oct 09, 1:05 PM
    how fantastic!! well done. i cant wait till I'm debt free it must feel amazing.
  • Tish P
    • #8
    • 2nd Oct 09, 1:17 PM
    • #8
    • 2nd Oct 09, 1:17 PM
    Well done! Fantastic news.
  • ally_bally
    • #9
    • 2nd Oct 09, 2:31 PM
    • #9
    • 2nd Oct 09, 2:31 PM
    Big congratulations! Stories like this spur on the rest of us!
    x
    • Tixy
    • By Tixy 2nd Oct 09, 2:36 PM
    • 31,062 Posts
    • 39,469 Thanks
    Tixy


    Well done you! Big Congratulations - don't forget to add your name to the roll of honour.
    A smile enriches those who receive without making poorer those who give

    or "It costs nowt to be nice"
    • halight
    • By halight 2nd Oct 09, 2:47 PM
    • 3,587 Posts
    • 28,845 Thanks
    halight
    well done
    feels good!
    You can have everything you wont in lfe, If you only help enough other people to get what they wont.
  • rubyslipper
    Well done you!!!!!! What a great way to start the weekend x
    Sealed Pot Challenge 2009 # 650 (target £150)
    Long Haul Supporters # 158 debt free 2014
    Member of the Blondettes
    Debt Free Date: doesn't bear thinking about!
    • gargrave50
    • By gargrave50 2nd Oct 09, 3:12 PM
    • 3,002 Posts
    • 6,680 Thanks
    gargrave50
    Great news - get your name on the Debt Free Roll of Honour - sounds like you have truly learned some valuable information from the forum! I MSE!
    LBM 30/6/9 Unsecured debts £25,323.48 £0 Debt free
    Left for life Down Under 4th August 2012 - living frugally and have learned my lessons
  • Moneytroubles
    Well Done!!!!!!!!!!
    6 debts cleared since joining MSE
    Remaining debts... Very / Halifax Loan/ A&L / Virgin cc / Lloyds / Sister
    Getting Married 04.12.10 - The MSE way
    Making this house a home
  • jennihen
    Well done!
    This was me 4wks ago! I overdid the celebrations though and had a heck of hangover the next day!!
    • mark88man
    • By mark88man 2nd Oct 09, 6:01 PM
    • 3,831 Posts
    • 8,879 Thanks
    mark88man
    well done. can't wait until that day
    Things happen for a reason. Often the reason is we are stupid & make bad decisions.
    Weight/Health - Fluctuating - better than I was worse than I should be
    End 18: CC:8K@0% - Car Loan:11K@2.8% - Mort:133K@2.1% = £152K
    Decrease in Total Debt 2016:£13.4K 2017:£8.3K 2018:£20K

    • dirtyepic
    • By dirtyepic 2nd Oct 09, 6:03 PM
    • 485 Posts
    • 1,205 Thanks
    dirtyepic
    Well done!!! There are a ton of people soooooooooooo jealous!!
    [FONT="Arial Black"][SIZE="6"][COLOR="Red"]DEBT FREE SINCE SEPTEMBER 2015
    • Mikeone
    • By Mikeone 2nd Oct 09, 6:31 PM
    • 184 Posts
    • 249 Thanks
    Mikeone
    Congratulations! Itís really good that youíve learned a lot about money on your DF journey, I hope to join you on the Roll of Honour sometime soon!
    I'm a...I'm a real traditionalist of course
    • mummytummy
    • By mummytummy 2nd Oct 09, 6:37 PM
    • 749 Posts
    • 3,743 Thanks
    mummytummy
    Congratulations, can't wait til i'm in your position, hopefully not too long.....
    1. Sealed Pot Challenge no.12 #11 $900/£450 approx
    2. MFiT-T5 #23 (52% saved )
    • scotmumof3
    • By scotmumof3 2nd Oct 09, 6:40 PM
    • 1,783 Posts
    • 13,910 Thanks
    scotmumof3
    CONGRATS to you Just starting today cant wait to be debt free You must be very proud of yourself and justly so !!!!
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