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  • FIRST POST
    • blue_mango
    • By blue_mango 6th Oct 17, 4:40 PM
    • 392Posts
    • 1,368Thanks
    blue_mango
    Saving for my very own place...
    • #1
    • 6th Oct 17, 4:40 PM
    Saving for my very own place... 6th Oct 17 at 4:40 PM
    Good afternoon

    I haven't been checking this forum for a while as I wasn't focusing on saving money...but now I am back on track and fully motivated to put aside enough money to get a one bed flat. I will need 10-15k for a deposit, at least 5k for furniture etc, a few thousand for fees and 1-2k as an emergency fund.

    I currently have £10,200 in my ISA, the target is to save £370/month so I have £15,000 by October 2018.
    I also have £4,445 in Help to Buy ISA which will soon be transferred to LISA. Aiming to save £333/month as this is the maximum allowed.
    I have set myself a goal of £2,000 in emergency fund by November 2019 so will be putting aside £75/month.

    This brings the total monthly savings to £778. This will be challenging as I got into a habit of eating out every other day and buying overpriced branded stuff...and going on holidays...and buying expensive gifts...all the silly things youngsters do except I'm no longer a youngster! Habits must change and I hope that sharing my sins and achievements on this forum will keep me on the right track.

    Thank you for reading
    Last edited by blue_mango; 06-10-2017 at 5:34 PM.
Page 1
    • savingwannabe
    • By savingwannabe 6th Oct 17, 9:26 PM
    • 12,940 Posts
    • 46,500 Thanks
    savingwannabe
    • #2
    • 6th Oct 17, 9:26 PM
    • #2
    • 6th Oct 17, 9:26 PM
    You are a familiar face as we often see you posting. Welcome to your own thread here. We are v happy to have you Ma'am. (I'm being polite as i don't know your age).

    Your savings are looking great. Especially the monthly ones. It is hard to stop spending money but keep at it. It took me ages to figure it out but now i am forced to by necessity and i am glad i learned so much from this board and site.

    We are so glad to have you please do keep posting as it helps all of us. Welcome to the family.
    Happiness Fund (Dec 1st 2017)
    Reminder: I HAVE EVERYTHING I COULD WANT so SAVE!!!!
    • blue_mango
    • By blue_mango 8th Oct 17, 6:25 PM
    • 392 Posts
    • 1,368 Thanks
    blue_mango
    • #3
    • 8th Oct 17, 6:25 PM
    • #3
    • 8th Oct 17, 6:25 PM
    Thank you, SavingWannabe You've been supporting savers in this forum for a long time, good to have you here.

    Today I had to make a journey and chose to take two buses instead of one which has cost me time but saved £15. I've put that aside for the dinner with my girlfriends so I can go out guilt free.

    Can't wait for the pay day so I can put those monies away...
    • atrixa
    • By atrixa 8th Oct 17, 6:51 PM
    • 18 Posts
    • 15 Thanks
    atrixa
    • #4
    • 8th Oct 17, 6:51 PM
    • #4
    • 8th Oct 17, 6:51 PM
    Today I had to make a journey and chose to take two buses instead of one which has cost me time but saved £15..
    Originally posted by blue_mango
    Goodness me, is that the usual situation with public transport making no sense whatsoever? I worked out when I was getting my work bus pass sorted that if I lived about a mile or two away east, a monthly pass would go from around £40 to closer to £70.

    Best of luck with your savings!
    I work in Pensions and I'm currently saving for my first house deposit
    • blue_mango
    • By blue_mango 8th Oct 17, 6:59 PM
    • 392 Posts
    • 1,368 Thanks
    blue_mango
    • #5
    • 8th Oct 17, 6:59 PM
    • #5
    • 8th Oct 17, 6:59 PM
    Goodness me, is that the usual situation with public transport making no sense whatsoever? I worked out when I was getting my work bus pass sorted that if I lived about a mile or two away east, a monthly pass would go from around £40 to closer to £70.

    Best of luck with your savings!
    Originally posted by atrixa
    I was travelling on National Express and they tend to up their prices if you don't book in advance. I always feel bitter for paying more just because I was unable to pre-book...

    Oh and thank you
    • savingwannabe
    • By savingwannabe 8th Oct 17, 7:24 PM
    • 12,940 Posts
    • 46,500 Thanks
    savingwannabe
    • #6
    • 8th Oct 17, 7:24 PM
    • #6
    • 8th Oct 17, 7:24 PM
    Bless you for your nice comment Blue Mango. Sorry about the delay with travel. I used to work for them in my student days. I was one of the staff that took phone calls, in the office we called our company 'National Distress' but it did mean cheap travel back in the day.

    Public transport buses etc are so expensive in the South but in The Midlands it tends to be much more reasonable. It is slow though.
    Happiness Fund (Dec 1st 2017)
    Reminder: I HAVE EVERYTHING I COULD WANT so SAVE!!!!
    • Zaphiera
    • By Zaphiera 9th Oct 17, 8:00 PM
    • 31 Posts
    • 24 Thanks
    Zaphiera
    • #7
    • 9th Oct 17, 8:00 PM
    • #7
    • 9th Oct 17, 8:00 PM
    I had a similar problem with bus travel a few years ago when i regularly took public transport. It would cost me less to buy a ticket to use any bus for the entire day then two separate tickets for short journeys which is mad. Good luck with your savings!
    • blue_mango
    • By blue_mango 13th Oct 17, 10:44 PM
    • 392 Posts
    • 1,368 Thanks
    blue_mango
    • #8
    • 13th Oct 17, 10:44 PM
    • #8
    • 13th Oct 17, 10:44 PM
    So this week I have been focusing on not spending money...rather boring, I must say. It's much more fun when you can go out and enjoy yourself! It made me realise how tough it will be for the next year but I am determined. Maybe I will even manage to save for a two bed flat if I don't get fed up with house sharing...
    • savingwannabe
    • By savingwannabe 14th Oct 17, 6:44 PM
    • 12,940 Posts
    • 46,500 Thanks
    savingwannabe
    • #9
    • 14th Oct 17, 6:44 PM
    • #9
    • 14th Oct 17, 6:44 PM
    It is boring but worth it in the end. I keep seeing things I want but I am not buying them as I don't have enough cash. You are saving spare cash which is great. I would love to be able to save again. lol. hugs. You can give yourself treats for certain targets. Have you heard of the Dave Ramsay Method on you tube?
    Happiness Fund (Dec 1st 2017)
    Reminder: I HAVE EVERYTHING I COULD WANT so SAVE!!!!
    • blue_mango
    • By blue_mango 16th Oct 17, 12:44 PM
    • 392 Posts
    • 1,368 Thanks
    blue_mango
    Thanks SavingWannabe. I don't think I need any special methods to save money, I've been quite good at it since I was a kid but got into bad habits recently.

    Had a dinner this weekend so that's my going out for the month. Can't wait for the pay day...
    Last edited by blue_mango; 17-10-2017 at 7:55 PM. Reason: Grammar
    • Zaphiera
    • By Zaphiera 17th Oct 17, 4:22 PM
    • 31 Posts
    • 24 Thanks
    Zaphiera
    Thanks SavingWannabe. I don't think I need any special methods to save money, I've been quite at it since I was a kid but got into bad habits recently.

    Had a dinner this weekend so that's my going out for the month. Can't wait for the pay day...
    Originally posted by blue_mango
    Oh dear, reading this made me smile - you sound so much like me, just wishing for next payday! Ive never been bad with money either, but things just happen and you lose track quickly. Good luck with the savings Blue!
    • blue_mango
    • By blue_mango 20th Oct 17, 1:56 PM
    • 392 Posts
    • 1,368 Thanks
    blue_mango
    So finally the salary is in my account...or shall I say, it was there this morning

    Put away as much as I could:
    - ISA £415
    - HTB ISA £200
    - LISA £200
    - emergency fund £75
    - holidays £20
    - dentist £20

    Also paid off my cc. £100 left for food. Preparing myself for a very boring skint month...
    • Zaphiera
    • By Zaphiera 22nd Oct 17, 8:19 AM
    • 31 Posts
    • 24 Thanks
    Zaphiera
    I got paid this week too Blue mango, it feels so good doesn’t it! Well done with your savings, hopefully it doesn’t end up being as much of a boring month as you think.
    • blue_mango
    • By blue_mango 22nd Oct 17, 12:45 PM
    • 392 Posts
    • 1,368 Thanks
    blue_mango
    I got paid this week too Blue mango, it feels so good doesn’t it! Well done with your savings, hopefully it doesn’t end up being as much of a boring month as you think.
    Originally posted by Zaphiera

    Thanks Zaphiera. I am willing to make some sacrifices in return for my own flat as I can't see myself renting a room forever. Rent costs just as much as a mortgage in my area, it's crazy!

    Trying to plan my food budget for the next month. One of the few changes I need to make is start cooking rice myself rather than buying microwavable packs @0.65 each. I will also occasionally make some bean burgers by Jack Monroe as they're cheap and delicious, not buy any sweets and maybe stick to a cheaper (but decent) coffee rather than premium sachets? That should be enough of a challenge for the first month...
    • blue_mango
    • By blue_mango 26th Oct 17, 8:56 PM
    • 392 Posts
    • 1,368 Thanks
    blue_mango
    Sooo... I have stumbled upon a flat that I could afford already, and I just couldn't get it out of my head... Discussed it with a friend and we're off to view it this weekend The agent has also offered me a more ecpensive flat but I could still afford it, so will view it too. I want to see whether a small one bed is enough for me or I need a bigger place. In my head, I have already arranged the furniture in the flat I like
    • savingwannabe
    • By savingwannabe 26th Oct 17, 9:04 PM
    • 12,940 Posts
    • 46,500 Thanks
    savingwannabe
    Go to an ethnic grocery shop to buy a large pack of rice as it is usually v cheap. Just add one glass of water for every half glass of rice and boil, when it is boiling turn down heat to low and after 15 mins it will be ready to eat. No need for a rice cooker or anything just a regular pan.

    Good luck with flat. Yay.
    Happiness Fund (Dec 1st 2017)
    Reminder: I HAVE EVERYTHING I COULD WANT so SAVE!!!!
    • blue_mango
    • By blue_mango 28th Oct 17, 6:29 PM
    • 392 Posts
    • 1,368 Thanks
    blue_mango
    Thanks Saving Wannabe.

    So the flat I was originally interested in is gone, I didn't even get to see it...oh well. The second flat was more like a studio, a small kitchenette in a living room, I didn't like that. Plus no parking space. So I'll keep saving money and keep an eye out for a nice flat...

    This week I have done well money wise, only £23.30 on food, didn't buy any unnecessary things at all. We went to costa after viewing the proerties and I've paid but that doesn't count
    • savingwannabe
    • By savingwannabe 29th Oct 17, 4:22 PM
    • 12,940 Posts
    • 46,500 Thanks
    savingwannabe
    You are entitled to a little treat after all the hassle about looking for accommodation. Well done on spending so little on food. OMG. It's an achievement.
    Happiness Fund (Dec 1st 2017)
    Reminder: I HAVE EVERYTHING I COULD WANT so SAVE!!!!
    • blue_mango
    • By blue_mango 30th Oct 17, 9:29 AM
    • 392 Posts
    • 1,368 Thanks
    blue_mango
    Yesterday I found another flat that ticked all the boxes...phoned them only to be told it's been sold

    Finding the right place is more difficult than I thought. Ideally I'd like to find something cheap before April 2018 because if I don't move before then, I'm locking my deposit in LISA until October 2018. Initially I wasn't planning to move so quickly but if I have enough money for a deposit, fees and a bed, why not...
    • savingwannabe
    • By savingwannabe 30th Oct 17, 5:53 PM
    • 12,940 Posts
    • 46,500 Thanks
    savingwannabe
    I hope one appears soon that you like and are able to buy. Don't be disheartened. Keep saving and it will be worth it.
    Happiness Fund (Dec 1st 2017)
    Reminder: I HAVE EVERYTHING I COULD WANT so SAVE!!!!
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