ms london

Mrs_A.

hi everyone
i have searched in vain for ms londons famous story of how she became debt free
anyone help
thanks
mrs a

brranger

you could click on her name and then look through her list of postings will be oldish ones I'm sure.

southernscouser

Theres this one;

http://forums.moneysavingexpert.com/showthread.html?t=155648

Or this one;

http://forums.moneysavingexpert.com/showthread.html?t=106589

ms_london

Mrs_A. wrote:

hi everyone
i have searched in vain for ms londons famous story of how she became debt free
anyone help
thanks
mrs a

Thanks Mrs A (and thanks to SS for digging out those old posts of mine) - I didnt do anything different than others trying to become free, just put a tight deadline on myself!! And in 3 weeks when I can finish work, it will all have been worth it!!

Mrs_A.

hi Ms London
i cant find your original posts i take it that you put all your spare cash into a savings account and paid everything off. thats what i have to do because the bank and car loan wont let me over pay the only way i can clear quicker is to pay it off with a lump sum and i havent got one of those
regards
mrs a

ms_london

Mrs_A. wrote:

hi Ms London
i cant find your original posts i take it that you put all your spare cash into a savings account and paid everything off. thats what i have to do because the bank and car loan wont let me over pay the only way i can clear quicker is to pay it off with a lump sum and i havent got one of those
regards
mrs a

Yes, my last debt was a £10,000 loan to LLoyds, so I basically worked out how much I needed to save to get it paid off in 12 months and saved that amount in a ING savings account and some in an ISA - so come the end of Oct I withdrew that money & asked for a balance from my loan, and paid it off like that..

At times I did feel like withdrawing the money and going travelling early, so be careful that you dont end up spending it, but on the other hand I knew that if a disaster struck (losing job or something) I would have some "savings" to see me through..

I was quite lucky in that my loan had an APR of only 2.3% - as Lloyds re-financed my original loan/overdraft - so it was only around £20 a month interest.

As for my other debts I just snowballed my money, as I couldnt get any 0% cards, and only one of my debts stopped the interest (sainsburys).

Good luck xx

Mrs_A.

thank you Ms London enjoy your travels your an inspiration
regards
Mrs A