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    • duchy
    • By duchy 9th Dec 07, 12:20 PM
    • 18,251Posts
    • 46,601Thanks
    What is Your Why ?
    • #1
    • 9th Dec 07, 12:20 PM
    What is Your Why ? 9th Dec 07 at 12:20 PM
    Update I found this old thread and realised how many of the posters on it had "kept the faith" and are now debt free or well on their to been. So a big cheer those who have made it (and especially to those who stuck around to make sure they stay that way as well as share some of the wisdom they gained on their journey) and welcome to anyone who wants to add their "Why" or reafirm or update it

    Why are you an MSEer or a DFW ?
    The obvious answer is to save money or to get out of debt but I reckon there are as many Whys as there are MSEers.
    It isn't just about clearing debt-it's about lifestyle and choices.
    I know people who are MSEers because....they have a hobby they want to fund, want to educate their children privately, want to be at home with their kids, just enjoy the "chase" of getting the best deal, want to study, want to clear debts, want to retire early....
    A whole host of reasons and sometimes in the slog we forget WHY we are doing it and get discouraged.
    So reafirm your WHY and post telling us what YOUR reason is and what the rewards of been a MSEer are for you !

    Last edited by duchy; 12-05-2009 at 1:11 AM.
    I Would Rather Climb A Mountain Than Crawl Into A Hole

    MSE Florida wedding problem
Page 1
  • Gemmzie
    • #2
    • 9th Dec 07, 12:27 PM
    • #2
    • 9th Dec 07, 12:27 PM
    Good post duchy

    Well for me, I wanted to be able to clear my debts so I could save as much of my student loan as possible for a house deposit in the future.

    For my parents, to avoid bankruptcy and losing the house
    No longer using this account for new posts from 2013
  • robotgirl
    • #3
    • 9th Dec 07, 12:31 PM
    • #3
    • 9th Dec 07, 12:31 PM
    Excellent idea for a thread!

    For me it was because my parents kindly offered to help me buy a flat (at an unspecified future point, but still very kind of them!) I would have been so embarrassed to tell them the extent of my debts when it came around to sorting out the finances that I had to sort myself out pretty quickly.

    My other reason is that I'd love to leave my job/line of work (boring office admin and computer tinkering) for something more exciting, but all the jobs I'd like to do tend to pay 2 or 3 grand a year less, which I needed to cover my debt payments.

    My contract for my current job ends in February, which is when my debt free date should be. I might give myself a week off as a reward before going back to looking for work!
    Proud To Be Dealing With My Debts!
    Debts at Highest: 7600.07
    Charges Reclaimed: RBS -3050
    Debts paid off: 6374.86
    Debt Free: February 2008 (!!!!!)
  • red74
    • #4
    • 9th Dec 07, 1:08 PM
    • #4
    • 9th Dec 07, 1:08 PM
    I want to clear my debts so I'm able to land myself into a further huge amount of debt by being able to afford to buy a house.
  • Megatimbo
    • #5
    • 9th Dec 07, 1:09 PM
    my why i think :)
    • #5
    • 9th Dec 07, 1:09 PM
    Hello duchy,my reason for paying off my debts is that i want to be more independant financially which is my way of saying i want more of my income back,like most folks who have spent on plastic over the years,had as part of our LBM that interest rates on the cards can be rather high as opposed to what you would receive in interest on your savings,with few exceptions.

    Also i`m one of those people who paid into a pension which was "Maxwelled" and the money i paid in has gone along with around 450 other folks who worked for the company.

    what makes me annoyed is that money i paid into the failed pension could have been safe in my own savings account and would be a tidy sum now

    Well enough of my warblings,on a positive note taking action now to improve my lot after the setbacks

    Regards M

    "when you are going through hell" - "keep going"

    Sir Winston churchill
    • #6
    • 9th Dec 07, 1:12 PM
    • #6
    • 9th Dec 07, 1:12 PM
    Hi there

    This one is an easy one for me... my hubby has done 22 years in the army..and is now doing another 5 ...we have only been together about 6 years mind... and when he leaves the army he will be 48, and his lump sum will be enough to pay off our mortgage and the remaining bits of loans that won't have been paid off between now and then(currently the house is let out).
    If i can just get as much saving done and keep the spends under control my aim is to do up the house - new kitchen etc -using money saved whilst on here.... which will mean at the age of 48 and 40 for me we can be debt and mortgage free hubby can do a job he wants too -subsidised by his army pension , rather than being a wage slave.... and at 55 he will go onto full pension and if he wants to he can retire completely... not that he will..
    Sorry for the long ramble the quick answer would have been :-

    So me and hubby can spend some quality time together whilst we are young-ish enough to make the most of it

    thankyou so much for starting this thread Duchy.... you have just reminded me of what im aiming towards.... it sometimes gets easy to forget this in the thick of everything.... will try and remember that when i get the urge to buy somethin i really don't need
    -6 -8 -3 -1.5 -2.5 -3 -1.5-3.5
  • hypno06
    • #7
    • 9th Dec 07, 1:29 PM
    • #7
    • 9th Dec 07, 1:29 PM
    Well, what keeps me focussed, is that as some of you know I received some money from my Dad's estate when he died. I paid almost every penny of this off my debt, so I feel that if I don't concentrate on getting shot of the rest of the debt sorted, that not only will I be wasting everything I earn, but I will also be wasting everything my Dad worked for too.

    So my primary "why" is so that I don't let my Dad down.
    Successful women can still have their feet on the ground. They just wear better shoes. (Maud Van de Venne)
    Life begins at the end of your comfort zone (Neale Donald Walsch)
  • bored of debt
    • #8
    • 9th Dec 07, 1:31 PM
    • #8
    • 9th Dec 07, 1:31 PM
    Good topic!

    I've never really thought about it in too much depth but I want a bit of security, comfort and ultimately fun!

    I don't want debt over my head when i've nothing to show for it, I wanna have a nest egg reserve fund incase needed and I wanna be able to enjoy MY money that I work for, rather than havin to pay it back to companies for not earning it myself in the past!

    (and I'm a bit of a petrol head so I can't wait to get a new toy - currently all I have is an oyster card!! lol)
  • postingalwaysposting
    • #9
    • 9th Dec 07, 1:37 PM
    • #9
    • 9th Dec 07, 1:37 PM
    Ummm hard subject topic but great thread. I guess i came on here for the offers and to spend money at first (young ish then). Then i realised hang on i cant afford my monthly repayments, this is were i came on here and joined the waggon. Of course i kinda stayed when i became debt free and now i seem to help others where possible. In this time i now have learnt many df/mse ways and i am very money savvy now (wasnt when i arrived). Now i am trying to get a decent amount of money behind me, not for any specific reason just because i dont want to be in debt going into my late 20's early 30's. I also find escaping here away from the normal world comforting and even though people laugh i love it here.

    Even though we are all here for different goals/reasons the community found here is amazing, long may it continue.

  • lilac_lady
    One word sums it up for me - independence. If you owe money you're dependent on someone or something. Better to be free,
    " The greatest wealth is to live content with little."


    • penguin83
    • By penguin83 9th Dec 07, 1:41 PM
    • 4,787 Posts
    • 13,105 Thanks
    I want to be able to reduce my hours at work to see my kids and OH more (I do full time days, he does full time nights - we pass like ships!).

    Ideally I would like to be able to give up my job completely and work with horses, which I used to do but doesnt pay much. I would love to be in the position to be able to cope with a dramatic drop in income! x x
    Pay Debt by Xmas 16 - 0/12000
    There is something about the outside of a horse that is good for the inside of a man.
    • calleyw
    • By calleyw 9th Dec 07, 1:42 PM
    • 9,030 Posts
    • 16,588 Thanks
    A 44K mortgage to pay off.

    I have always been careful but went from having two incomes down to one when my husband was in hospital for 3 and half months tail end of last year beginning of this one.

    And now all have is my wage and my husbands benefits with possible prospect of my husband never earning a wage ever again due to him having a stroke.

    And me being limited to the jobs I can do and the money I can earn due to the fact that I am my husband carer and he needs me to get to hospital appointments and take time off when he is having a bad day. No work no money but my employer lets me work the hours I want.


    Hope for everything and expect nothing!!!

    Good enough is almost always good enough -Prof Barry Schwartz

    If it scares you, it might be a good thing to try -Seth Godin
    • Numpty Monkey
    • By Numpty Monkey 9th Dec 07, 2:08 PM
    • 13,384 Posts
    • 29,768 Thanks
    Numpty Monkey
    When I first came on here i was scared and came I across this site by accident. :confused: I guess I was looking for a way to get everything clear and put into perspective, life ,family, friends, work and history.
    hope that makes sense:confused: :rolleyes:
    Numpty,Not sure why but I'm crying . Of all the peeps on this board you're the kindest & most supportive of all & I'm & for you all at the same time . Wish I was there to give you a big & emergency hobnobs
    DFD 5/1/16
    • Buffythedebtslayer
    • By Buffythedebtslayer 9th Dec 07, 2:20 PM
    • 15,543 Posts
    • 52,854 Thanks
    I just got sick of paying bills moving money increasing my loans not being able to buy a house having no real back up savings never feeling safe, always wondering if this was the month every thing was going to go tits up and I would be left with no money. It was becoming a real big fear.

    I am also the only person in my family with a job, Mum is retired and my two sisters don't work - well one has an on off job that doens't pay very well and the other one lives with a guy who pays for everything as far as I can tell, so if there are any money problems it would be me who has to fix it, so I can't continue being irresponsible with money.
    Sealed Pot 12 - 008, 365, 1p a day, 1%, 100 days, Saving to be out of debt!
  • Broken hearted
    I want to avoid bankruptsy, keep my home and afford some sort of life.
    Barclaycard 3800

    Nothing to do but hibernate till spring

  • Burlesque Babe
    I found MSE through the Tesco points/Beef in Gravy loophole - there was a quote from Martin in the Mail on Sunday and I thought - I'll read up on that!

    I became a DFW a few months later and managed to clear my debt (25k) with the fab DFW lot.

    Being MSE is now part of my life - I don't buy anything without checking out whether there is a cheaper option, a free delivery code or a money off code. I think I've bought every single present this year with some kind of discount.

    I also use it now for finding the best Savings accounts and I'm often wandering onto the OS board and searching for ideas for using up bits and pieces.

    I claimed back my bank charges (although I did that through the CAG website) and I now find myself living on the DFW board just to keep my spending habits in check - I think if I waved goodbye I'd go out and go mad again with my carefully managed savings.

    I think if everyone in the UK took on board MSE as a whole there wouldn't be one person who could turn around and say that MSE hasn't helped them in some way.

    I think it should be a challenge to the UK - come and see if you can beat MSE by proving you're already the most debt free, savvy saver and spender out there!!!
    "Stay Wonky"

    Become Mrs Pepe 9 October 2012
  • southernscouser
    8 inches!

    Oh hang on, that weren't the question was it?
    • bathgatebuyer
    • By bathgatebuyer 9th Dec 07, 3:30 PM
    • 2,508 Posts
    • 5,354 Thanks
    Quite simply to stop the nasty phone calls and letters which used to come from Banks and DCAs asking me for money I didn't have. I lost my job a few years back, and the experience of the 30, 40 (or at it's worst 70) calls a day from various places each day was such an awful experience that years later, I still suffer from sleeplessness as a result. I don't look forward to any post coming in, and I keep my home phone switched off all the time. I've forgotten to relax, and even being £10 in debt now terrifies me.

    So, I want to be able to sleep at night knowing I have savings, and that I'm equipped to deal with any calls or letters that come my way.
    Almost debt-free, but certainly even with the Banks!
    • kizzykizzywizzy
    • By kizzykizzywizzy 9th Dec 07, 3:40 PM
    • 6,768 Posts
    • 15,125 Thanks
    Started reading bits on here by accident, just by searching debt, or something like that. I decided I had to do something, when my Husband had to go away to work to make more money to get us out of a situation where we were starting to find it difficult to make minimum payments, were living beyond our means, spending too much then feeling guilty about it & using credit cards to buy everything. We were adding £500 a month to our debt, it had to stop. Reading threads on here, I realise how close we were to being in serious trouble.
    I have been bad this Xmas spending, (a lot of things bought with money off vouchers quidco etc) but will not go into extra debt for it, I will just pay less off this month
    After Xmas I will be back on track.
    Lots of reasons I am doing this, 1. To prove to myself I can do it 2. To go back to being a "normal" family with my Husband home. 3. To be able to move house someday?? 4. To pay for a holiday upfront, so I can enjoy it, without worrying about how I'm going to pay for it. 4. I now appreciate every treat, day out, etc. 5. To start 2009 debt free ( wish it was 2008! )
    Last edited by kizzykizzywizzy; 09-12-2007 at 3:57 PM. Reason: can't spell
    Comping again - wins so far : 2 V festival tix, 2 NFL tix, 6 bottles of wine, personalised hand soap, Aussie miracle conditioner

    Married my best friend 15/4/16
    • skint_spice
    • By skint_spice 9th Dec 07, 3:46 PM
    • 11,225 Posts
    • 23,610 Thanks
    DFW me! Job security started looking a little shaky late last year/early this year and I realised that if I had to find another job which covered all debts plus essentials I was on a hiding to nothing! now I feel I'm finally getting there and will hopefully be DF next year but will still hang around here cos I need to know how everyone else is doing and keep myself focussed on saving more money.
    5000 by December 2018 721/5000
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