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Debt free

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  • D dan sh

    Yaay! I became debt free today for the first time since I started working. I will be debt free for next 1 year or so. It feels great. :)

    "The worst code you'll come across is code you wrote last year.", wizardzz[^]

    N Offline
    N Offline
    Nagy Vilmos
    wrote on last edited by
    #4

    Try to save as much, if not more, as you were spending on clearing your debt. Mrs Wife and I got ourselves debt free about 8 years ago and it has been very easy to save a lot because we have nobody taking our money each month.


    Panic, Chaos, Destruction. My work here is done. Drink. Get drunk. Fall over - P O'H OK, I will win to day or my name isn't Ethel Crudacre! - DD Ethel Crudacre I cannot live by bread alone. Bacon and ketchup are needed as well. - Trollslayer Have a bit more patience with newbies. Of course some of them act dumb - they're often *students*, for heaven's sake - Terry Pratchett

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    • D dan sh

      Yaay! I became debt free today for the first time since I started working. I will be debt free for next 1 year or so. It feels great. :)

      "The worst code you'll come across is code you wrote last year.", wizardzz[^]

      R Offline
      R Offline
      Rajesh R Subramanian
      wrote on last edited by
      #5

      That's excellent, and I'm very happy for you. :) I've been working towards becoming debt free since my father's business totally blew up (since 2008). I expect that I'll be a free man in a year or so. God, I can't wait!

      "Real men drive manual transmission" - Rajesh.

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      • D dan sh

        Yaay! I became debt free today for the first time since I started working. I will be debt free for next 1 year or so. It feels great. :)

        "The worst code you'll come across is code you wrote last year.", wizardzz[^]

        C Offline
        C Offline
        Chris Quinn
        wrote on last edited by
        #6

        In that case, you may be able to help me with something - I need some funds to pay the administration fees to move 25 Gazillion dollars out of an African bank. For your help in this, I would pay you 50% of the balance - that's 12.5 Gazillion dollars!

        ==================================== Transvestites - Roberts in Disguise! ====================================

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        • D dan sh

          Yaay! I became debt free today for the first time since I started working. I will be debt free for next 1 year or so. It feels great. :)

          "The worst code you'll come across is code you wrote last year.", wizardzz[^]

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          D Offline
          David1987
          wrote on last edited by
          #7

          I was debt free before I started working - where did all your money go?

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          • D David1987

            I was debt free before I started working - where did all your money go?

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            R Offline
            Rage
            wrote on last edited by
            #8

            Do you own a house ?

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            • D dan sh

              Yaay! I became debt free today for the first time since I started working. I will be debt free for next 1 year or so. It feels great. :)

              "The worst code you'll come across is code you wrote last year.", wizardzz[^]

              C Offline
              C Offline
              chethu665
              wrote on last edited by
              #9

              I will be free of debt in another 1.5 years. Almost 40% of my salary goes to paying that.

              "Men never do evil so completely and cheerfully as when they do it from religious conviction" -Pascal

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              • R Rage

                Do you own a house ?

                D Offline
                D Offline
                David1987
                wrote on last edited by
                #10

                Nope, now you mention it, that seems like a reasonable place for the money to go

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                • C Chris Quinn

                  In that case, you may be able to help me with something - I need some funds to pay the administration fees to move 25 Gazillion dollars out of an African bank. For your help in this, I would pay you 50% of the balance - that's 12.5 Gazillion dollars!

                  ==================================== Transvestites - Roberts in Disguise! ====================================

                  D Offline
                  D Offline
                  dan sh
                  wrote on last edited by
                  #11

                  I just won a lottery from UK for 1 Million GBP. Send across your account details and I will provide that to them. Do not worry, you don't have to return anything back to me. :)

                  "The worst code you'll come across is code you wrote last year.", wizardzz[^]

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                  • D David1987

                    I was debt free before I started working - where did all your money go?

                    D Offline
                    D Offline
                    dan sh
                    wrote on last edited by
                    #12

                    I had to pay back some loans and clear my credit cards. I was spending heavily through them. I have now closed all of them and use my Debit card for all the transactions. Life's too good now. Credit cards are evil.

                    "The worst code you'll come across is code you wrote last year.", wizardzz[^]

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                    • N Nagy Vilmos

                      Try to save as much, if not more, as you were spending on clearing your debt. Mrs Wife and I got ourselves debt free about 8 years ago and it has been very easy to save a lot because we have nobody taking our money each month.


                      Panic, Chaos, Destruction. My work here is done. Drink. Get drunk. Fall over - P O'H OK, I will win to day or my name isn't Ethel Crudacre! - DD Ethel Crudacre I cannot live by bread alone. Bacon and ketchup are needed as well. - Trollslayer Have a bit more patience with newbies. Of course some of them act dumb - they're often *students*, for heaven's sake - Terry Pratchett

                      D Offline
                      D Offline
                      dan sh
                      wrote on last edited by
                      #13

                      Nagy Vilmos wrote:

                      it has been very easy to save a lot because we have nobody taking our money each month.

                      Very true. I am thinking to open a new savings account with no debit card and internet banking. I will transfer same amount to that account now and will try not to use it. Or else, I will buy some gold. It's prices are anyways going sky rocket these days.

                      "The worst code you'll come across is code you wrote last year.", wizardzz[^]

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                      • R Rajesh R Subramanian

                        That's excellent, and I'm very happy for you. :) I've been working towards becoming debt free since my father's business totally blew up (since 2008). I expect that I'll be a free man in a year or so. God, I can't wait!

                        "Real men drive manual transmission" - Rajesh.

                        D Offline
                        D Offline
                        dan sh
                        wrote on last edited by
                        #14

                        Good luck for that. :thumbsup:

                        "The worst code you'll come across is code you wrote last year.", wizardzz[^]

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                        • D dan sh

                          I had to pay back some loans and clear my credit cards. I was spending heavily through them. I have now closed all of them and use my Debit card for all the transactions. Life's too good now. Credit cards are evil.

                          "The worst code you'll come across is code you wrote last year.", wizardzz[^]

                          D Offline
                          D Offline
                          David1987
                          wrote on last edited by
                          #15

                          Ah credit cards.. I avoid them like the plague.

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                          • C chethu665

                            I will be free of debt in another 1.5 years. Almost 40% of my salary goes to paying that.

                            "Men never do evil so completely and cheerfully as when they do it from religious conviction" -Pascal

                            D Offline
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                            dan sh
                            wrote on last edited by
                            #16

                            My case was similar too. Once you are free, still try to keep at least 30% of your salary away from easy access. You can make some savings that way or else you will end up spending more than what you do now.

                            "The worst code you'll come across is code you wrote last year.", wizardzz[^]

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                            • D dan sh

                              Yaay! I became debt free today for the first time since I started working. I will be debt free for next 1 year or so. It feels great. :)

                              "The worst code you'll come across is code you wrote last year.", wizardzz[^]

                              B Offline
                              B Offline
                              BobJanova
                              wrote on last edited by
                              #17

                              Congratulations! I only have a student loan which takes a small bite out of my salary. I'd rather not get into the mortgage trap but it is pretty much unavoidable if you want to buy a house on a normal salary.

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                              • N Nagy Vilmos

                                Try to save as much, if not more, as you were spending on clearing your debt. Mrs Wife and I got ourselves debt free about 8 years ago and it has been very easy to save a lot because we have nobody taking our money each month.


                                Panic, Chaos, Destruction. My work here is done. Drink. Get drunk. Fall over - P O'H OK, I will win to day or my name isn't Ethel Crudacre! - DD Ethel Crudacre I cannot live by bread alone. Bacon and ketchup are needed as well. - Trollslayer Have a bit more patience with newbies. Of course some of them act dumb - they're often *students*, for heaven's sake - Terry Pratchett

                                D Offline
                                D Offline
                                DaveAuld
                                wrote on last edited by
                                #18

                                Nagy Vilmos wrote:

                                we have nobody taking our money each month.

                                Except the Taxman.........

                                Dave Find Me On: Web|Facebook|Twitter|LinkedIn


                                Folding Stats: Team CodeProject

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                                • D dan sh

                                  I hope to buy a house. I am still struggling to get my finances right for it though. If I can, I will have to take loan for paying for it. That would keep me in debt for an awful lot of time.

                                  "The worst code you'll come across is code you wrote last year.", wizardzz[^]

                                  L Offline
                                  L Offline
                                  Lost User
                                  wrote on last edited by
                                  #19

                                  d@nish wrote:

                                  That would keep me in debt for an awful lot of time.

                                  Took me 39 years to get mortgage free.

                                  Unrequited desire is character building. OriginalGriff

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                                  • L Lost User

                                    d@nish wrote:

                                    That would keep me in debt for an awful lot of time.

                                    Took me 39 years to get mortgage free.

                                    Unrequited desire is character building. OriginalGriff

                                    D Offline
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                                    dan sh
                                    wrote on last edited by
                                    #20

                                    39 years is too much. You must have bought a castle.

                                    "The worst code you'll come across is code you wrote last year.", wizardzz[^]

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                                    • D dan sh

                                      39 years is too much. You must have bought a castle.

                                      "The worst code you'll come across is code you wrote last year.", wizardzz[^]

                                      L Offline
                                      L Offline
                                      Lost User
                                      wrote on last edited by
                                      #21

                                      d@nish wrote:

                                      You must have bought a castle.

                                      Not at all, the biggest house I ever owned had only four bedrooms (one of which was very small). It's just that my life and career took many unexpected turns over those years, and only in the last 10 to 15 years was I able to really work on getting rid of the debts hanging round my neck.

                                      Unrequited desire is character building. OriginalGriff

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                                      • L Lost User

                                        d@nish wrote:

                                        You must have bought a castle.

                                        Not at all, the biggest house I ever owned had only four bedrooms (one of which was very small). It's just that my life and career took many unexpected turns over those years, and only in the last 10 to 15 years was I able to really work on getting rid of the debts hanging round my neck.

                                        Unrequited desire is character building. OriginalGriff

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                                        dan sh
                                        wrote on last edited by
                                        #22

                                        Richard MacCutchan wrote:

                                        only four bedrooms

                                        Only! I am struggling to get one with two here. :( Good for you though for getting rid of debts.

                                        "The worst code you'll come across is code you wrote last year.", wizardzz[^]

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                                        • D dan sh

                                          Richard MacCutchan wrote:

                                          only four bedrooms

                                          Only! I am struggling to get one with two here. :( Good for you though for getting rid of debts.

                                          "The worst code you'll come across is code you wrote last year.", wizardzz[^]

                                          L Offline
                                          L Offline
                                          Lost User
                                          wrote on last edited by
                                          #23

                                          I was moving from one town and selling a three-bedroomed property, to a slightly cheaper area and also borrowing more money. It's all relative anyway, my present house is half the size of the four-bedroomed one, but cost a lot more. [edit]I'm sure Bangalore is much the same, I saw some very different areas when I was there a few years ago.[/edit]

                                          Unrequited desire is character building. OriginalGriff

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