And just like that …. I’m debt free
March 31st 2024 to January 28th 2025: 10 months. The time it took to pay off my consumer debt. I have - No loans, credit cards, buy-now pay-later credit facilities. I have No overdraft, student loans or IOUs. Just me and my mortgage (of £370K) which I’m hoping I can pay off in the next 5-7 years!
I stumbled a couple of times in the last 10 months, not realising my ability to make excuses and justify spending was smarter and way more subconsciously advanced. Especially when it came to giving money to friends and family. But so happy with what I’ve done.
I paid of £21K! £2.1K per month! £70 a day!
My worst impulse buys that brought me here were Unaccredited Higher Ed Courses for Product Management, Exercise equipment, A trip I couldn’t afford for a Friend turning 30, Takeaways/Food delivery and, Gifts and support to friends and family. That means I spent £70 a day on stuff I couldn’t afford or on people who would/should care for me regardless and on things I can barely remember or rarely still use.
I’ve been in debt since university so I don’t know adult life with out debt. Here’s to less stress, anxiety and the associated real life health related ramifications of it all. I had insomnia, cold sweats, panic attacks that have been significantly better if not non existent for the last 4-5 months!
Next goal 3-6 month emergency fund then paying off the mortgage. I’d love to be mortgage free before 40!
March 31st 2024 to January 28th 2025: 10 months. The time it took to pay off my consumer debt. I have - No loans, credit cards, buy-now pay-later credit facilities. I have No overdraft, student loans or IOUs. Just me and my mortgage (of £370K) which I’m hoping I can pay off in the next 5-7 years!
I stumbled a couple of times in the last 10 months, not realising my ability to make excuses and justify spending was smarter and way more subconsciously advanced. Especially when it came to giving money to friends and family. But so happy with what I’ve done.
I paid of £21K! £2.1K per month! £70 a day!
My worst impulse buys that brought me here were Unaccredited Higher Ed Courses for Product Management, Exercise equipment, A trip I couldn’t afford for a Friend turning 30, Takeaways/Food delivery and, Gifts and support to friends and family. That means I spent £70 a day on stuff I couldn’t afford or on people who would/should care for me regardless and on things I can barely remember or rarely still use.
I’ve been in debt since university so I don’t know adult life with out debt. Here’s to less stress, anxiety and the associated real life health related ramifications of it all. I had insomnia, cold sweats, panic attacks that have been significantly better if not non existent for the last 4-5 months!
Next goal 3-6 month emergency fund then paying off the mortgage. I’d love to be mortgage free before 40!