These posts were originally posted on the MoneySavingForums (a UK money management site), I am moving my journals across to WordPress to have them in chronological order. I’m not sure how much of other people’s words I’m allowed to copy across from one site to another, so in some sections I may summarise conversations.
So I walked into town and bought the whiskey, as well as some jeans and jogging bottoms and work shoes, slightly overshooting my clothing category by £5 but I made it work. I need clothes, now that I can go out and see people again. On the way back from town, I made a decision. I got paid early enough that I could pay off the card manually without it affecting the direct debit, then I called up the same day and asked them to put a “closing block” on the card so the card would close down automatically once the payment processed… that is to say:
I’m Debt Free!!!
A byproduct of this is that I actually closed the card early enough to save myself the £3 monthly fee, if I’d waited I’d have been charged. Which is helpful, as the whiskey was £73 instead of the £70 I had saved. I found it for £65 online, but then with P&P… anyway.
It doesn’t feel real yet.
I’m keeping one (no monthly fee) credit card open for large or online purchases, for the extra protection on credit cards. I don’t intend to use it more than a couple of times a year, and pay it off immediately.
I suppose technically, technically, technically, I still have student loans – but as Martin points out, those act more like a tax than a debt anyway.
I don’t know what this means for this diary going forward. I’m debt free, and this is a debt free diary, but my journey isn’t exactly over. I don’t have 3 months Emergency Fund. I don’t have a house deposit. I need to improve my career/income situation. This diary is likely to continue a little longer, but at some point I might migrate it to another site.
Debt Free! 😎😎😎
August 2020 marks the start of Life After Debt