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Getting out of Debt

Submitted by Dr.Spock on May 8, 2008 - 11:16pm.

Joined: 07/02/2004

Hi everyone,

I just thought I would share with you some exciting news, I have been paying of debt for a while now
last year I paid of a family debt of $4500.00-Gone today I paid of the last  payment on  a personal Loan
12,000.00 Gone for ever. Still have 2 more debts left 6500.00 loan and a 3500.00. I can't believe we have achieved this
it feels so good.

regards

Dr.Spock
"you never never know if you never give it a go"


shayde's picture

May 9, 2008 - 11:08am

Joined: 29/05/2007

CONGRATS!  It's such a good feeling isn't it - I paid off a credit card in January - it was only $2000 (still have another $6000 to go!) but such a great feeling to pay that final payment!  Especially at the moment, with interest rates as high as they are.. Anyway well done!


May 9, 2008 - 1:34pm

Joined: 01/12/2003

Great timing, as credit card rates are climbing and may climb even more.

well done.


May 12, 2008 - 2:37pm

Joined: 06/03/2006

Hi, I remembered your post after the 1 month challenge. Well done on coming so far so quickly. Must have been a sacrifice.

Like others, a lot of us have been there, done that. A friend of mine is currently under a mountain of credit card debt & to help out, I started supplying 2 items to a shop this week.

Good luck to you in your continuing endeavours & I hope that this time next year, you have a stash to start your wealth accumulation.

KY


bazalbrush's picture

May 12, 2008 - 6:11pm

Joined: 12/05/2008

Well done Dr Spock, (and Shayde)

I just wish many other Australians would see the light. Bad debt is crippling many people and often is the catalyst behind a large number of other personal problems.

Once you get free of the debt life opens up a whole lot more possibilities...........keep up the good work.

BB 


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