The 'We're saving for a deposit' thread

JimLad · 6 May 2011 at 6:30PM

redbull5 wrote: »

Just did a quick transfer, I now have £5843. And will possibly have another £500 by the end of the month. My total for this year is going to get smashed i think. Will update my sig later.

Nice work! How much do you think you can save this year? Maybe you should adjust your target to push yourself more?

Marcus84_2 · 6 May 2011 at 7:37PM

My total now stands at £65k. My previous target was £70k so will now revise this to £90k.

I was planning on purchasing my first home this Summer but have decided to put it back whilst house prices stay fairly static.

The more we can save the less we will have to pay back!

redbull5 · 6 May 2011 at 10:11PM

JimLad wrote: »

Nice work! How much do you think you can save this year? Maybe you should adjust your target to push yourself more?

Well 10k would be nice this year, getting a big pay rise later in the year so that will help alot.

Coming on this has helped me so much. I used to spend so much on crap. Hope to buy a nice place before im 21 or 22.

Well done on your savings JimLad

JimLad · 7 May 2011 at 5:26PM

redbull5 wrote: »

Well 10k would be nice this year, getting a big pay rise later in the year so that will help alot.

Coming on this has helped me so much. I used to spend so much on crap. Hope to buy a nice place before im 21 or 22.

Well done on your savings JimLad

Thanks very much

)

I am 25 now so im sure you will be in a much better position than me by that age!

Smith15 · 7 May 2011 at 8:56PM

Hi,

Well done everyone for the deposits and how much you have all saved

I am 20, and have currently saved £4100 since December. As I live in London it's quite an expensive location to buy in the average deposit is £50,000 for somewhere we would look at. My partner and I are trying to save but unfortunately we live together in a rented place so it's even harder as cannot save as much as we would love to.

Hoping to have £25,000 each saved by the end of next year!:j

JimLad · 8 May 2011 at 1:41PM

Smith15 wrote: »

Hi,

Well done everyone for the deposits and how much you have all saved

I am 20, and have currently saved £4100 since December. As I live in London it's quite an expensive location to buy in the average deposit is £50,000 for somewhere we would look at. My partner and I are trying to save but unfortunately we live together in a rented place so it's even harder as cannot save as much as we would love to.

Hoping to have £25,000 each saved by the end of next year!:j

Welcome along! I havent seen your name on this thread before.

For your age you are in a really good position! Have you made a spreadsheet of ALL of your expenses to see where you can cut back? We are renting but we still manage to save about 50% of our joint income after we made a few cut backs. It easily adds up with a few quid here and there.

redbull5 · 8 May 2011 at 3:19PM

JimLad wrote: »

Thanks very much )

I am 25 now so im sure you will be in a much better position than me by that age!

Put my birthday money into my ISA. and transfered a bit more.

Hopefully arsenal can win from 2 nil down and i get a good old £250 from a £15 bet. A one off bet won cause im now 18, wont be going down the gambelling route dont worey lol.

Hows everyone

quintwins · 8 May 2011 at 4:30PM

you're all doing really well, the bank holiday confused me abit with paymenst going in and out all over the place lol so i havent added anything, infact i took some out just incase oh wasn't paid for our rent going out tomorrow (he wasn't) i'd rather take some out for a week than go into my overdraft even for a few days, even tho it's free, will be transfering over to savings on the morning and updating you guys don't think it will be as much as i'd like but it shud push me up to the otehr side of £500

loveGSDs · 8 May 2011 at 5:11PM

im hoping to add in another £500 over the next few days, just waiting on nationwide sorting out my ISA

some of the savings targets on here are massive, a great inspiration!

loveGSDs · 9 May 2011 at 10:44AM

me again.....

was having a discussion with a work colleague about solicitors fees etc, it appears they may be more than id planned for - do your deposit targets include your fees or are you saving up for them seperately?

i was aiming for £20,000 deposit and £5000 fees, but now worried that this isnt going to be enough. can anyone advise?

My current house should sell for bout £100,000 and im looking to buy for £200,000 - anyone know if £5000 will cover solicitor and estate agent fees along with removal van etc based on these prices?

(sorry if this post shouldn't be added in this thread)

lvGSDs

The 'We're saving for a deposit' thread

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