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The 'We're saving for a deposit' thread

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Comments

  • JimLad
    JimLad Posts: 950 Forumite
    Part of the Furniture 500 Posts Combo Breaker Mortgage-free Glee!
    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?
    Mortgage Free 22/03/17
    MissWillow is my OH!
  • Marcus84_2
    Marcus84_2 Posts: 15 Forumite
    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
    redbull5 Posts: 312 Forumite
    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
    From England - Live in Edinburgh and work as a bus driver
  • JimLad
    JimLad Posts: 950 Forumite
    Part of the Furniture 500 Posts Combo Breaker Mortgage-free Glee!
    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 :o)

    I am 25 now so im sure you will be in a much better position than me by that age!
    Mortgage Free 22/03/17
    MissWillow is my OH!
  • Smith15
    Smith15 Posts: 32 Forumite
    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
    JimLad Posts: 950 Forumite
    Part of the Furniture 500 Posts Combo Breaker Mortgage-free Glee!
    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.
    Mortgage Free 22/03/17
    MissWillow is my OH!
  • redbull5
    redbull5 Posts: 312 Forumite
    JimLad wrote: »
    Thanks very much :o)

    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
    From England - Live in Edinburgh and work as a bus driver
  • quintwins
    quintwins Posts: 5,179 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    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
    DEC GC £463.67/£450
    EF- £110/COLOR]/£1000
  • loveGSDs
    loveGSDs Posts: 317 Forumite
    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!
    Moved into dream house - 17/08/12 :D
    Savings - £600
    Xmas 2013 - £43
    Credit card - £2741 :eek:
  • loveGSDs
    loveGSDs Posts: 317 Forumite
    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
    Moved into dream house - 17/08/12 :D
    Savings - £600
    Xmas 2013 - £43
    Credit card - £2741 :eek:
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