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From -40K to debt free

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#16 ***Bella***


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Posted 23 February 2010 - 05:11 PM

How fantastic!!!! Good on you!

#17 fi fi

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Posted 23 February 2010 - 05:13 PM

Congrats! What an amazing story. Thank you for sharing.

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#18 Bridget_A


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Posted 23 February 2010 - 05:16 PM

What a great effort! You should be very proud! Isn't it the BEST feeling being debt-free?!?!

I honestly think, had I not have met my (tight-arse laugh.gif ) DH when I did (I was only 16) - I could have EASILY ended up in a very similar situation (learning all from my mum - who is very much a "buy now, pay later" person, with no willpower and expensive taste wacko.gif ).

I feel very lucky that I met him when I did!
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#19 ~Jo~


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Posted 23 February 2010 - 05:47 PM

Jade, that is an amazing story.... thank you for sharing that with us.

I lthink you have made a lot of us sit up and say, that i can get out of debt!

We have a credit card which has gotten out of control a little. so i may be emailing you to get your oh to help me out too wink.gif
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#20 d00nd00nian


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Posted 23 February 2010 - 05:57 PM

WOW!! A huge pat on the back for you!! Well done! smile.gif

#21 *Bec*



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Posted 23 February 2010 - 06:29 PM

congratulations! I was in a very similar situation and I too became debt free, well except for our mortgage and it was the best feeling ever. We still only have the mortgage and all of our bills are in credit, such a great feeling.

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#22 goodgirl


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Posted 23 February 2010 - 06:36 PM

Wow, I bet that took a lot of guts to share with us but I'm so glad you did. Already you can see that you've inspired people in this thread and your story will undoubtedly make a difference.

Congratulations on an amazing effort to get rid of your debt and what a great OH you have by the sound of it. Hang onto him tight and good luck with the next debt-free phase of your lives.

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#23 maman



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Posted 23 February 2010 - 07:23 PM

Congratulations that is a superb effort. Well done to you (and OH!) for having the guts and determination to stick with it and appreciate the delayed gratification.

Says a lot about your relationship too biggrin.gif
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#24 ~Kylie~


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Posted 23 February 2010 - 07:40 PM


It's a great feeling isn't it!!! Such a relief.

I have a similar story to yours.. first one credit card, then 2..3... Then consolidation loan... then another credit card.. another consolidation loan.. ohmy.gif Nightmare!!! I had to really learn that if I didn't have the money - I couldn't have the item, and to prioritise.

Now I am debt-free and it's awesome!

Huge props to you. You've really made a change in behaviour, and achieved what you set out to achieve!

Well done! biggrin.gif
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#25 rosered


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Posted 23 February 2010 - 08:43 PM

That is completely awesome. Making that last payment must have felt wonderful!

This has helped inspire me to be more disciplined re saving for our house deposit. Giving up treats is hard but so worth it in the long run.

#26 kisma


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Posted 23 February 2010 - 09:28 PM

Wow what a great effort you put in for the last three years, and how awesome is your OH. Congratulations, i imagine you are still on cloud nine.
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#27 lilacgirl


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Posted 24 February 2010 - 07:34 AM

Hubby and I were young and stupid once as well, we both brought personal debt into our relationship, we consolidated and added more to it to fund our furniture for our place we were renting.

We thought we were doing the right thing, there were times when we'd curse ourselves for the extra $8000 we had spent on furniture, but at the end of the day, we paid it off in 2 and a 1/2 years, we have a house that is furnished with terrific furniture and we're 100% back on track with "healthy debt" and paying it down.

If we hadn't of had that "bad debt" of paying off cars, credit cards etc, it wouldn't have made us realize the importance of paying down our mortgage at triple repayments.

I think it has now made us more money aware.

Well done on clearing your debt!!!

#28 ♥ Emsie ♥

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Posted 24 February 2010 - 08:13 AM

Congratulations, that is an amazing effort. A very inspiring story smile.gif
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#29 chelley


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Posted 24 February 2010 - 10:23 AM

Congrats that is awesome
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#30 nephthys


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Posted 24 February 2010 - 11:52 AM

Awesome, awesome story, I'm so glad you shared it, thank you. You've done and amazing job and should be very proud of yourself. The hardest part must have been that for all that debt and money spent, you would have had very little to show for it.

Financial management isn't something that comes naturally to most of us and all those wonderful and easy-to-get loan offers just make it worse. Your OH definitely sounds like a keeper too. smile.gif
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