Availability of Credit or are We just Skint?

kriss_boy

mbga9pgf wrote: »

Last month I saved 90% of our joint salary after rent payments.

Its called making sacrifices.

Is saving a deposit really worth putting your life on hold. Guess it depends whether or not you have much of one in the first place.

mbga9pgf

Well, you cant have it all. To be honest, quailty of life is so subjective.

If your idea of a good life is spanking it up the wall on booze and cheap consumer tat, then I suppose you are right. I much prefer hill walking, camping out, that sort of thing. Not had a friday night out on the tiles for about three years now.

Which actually is a good thing. Seeing as I used to hate waking up with a steaming hangover, stinking of smoke, waking up with some fat bird beside me. Much prefer having friends round for dinner now, barbeques, that sort of thing.

You CAN have fun without spending money you know!

leveller2911

mbga9pgf wrote: »

Well, you cant have it all. To be honest, quailty of life is so subjective.

If your idea of a good life is spanking it up the wall on booze and cheap consumer tat, then I suppose you are right. I much prefer hill walking, camping out, that sort of thing. Not had a friday night out on the tiles for about three years now.

Which actually is a good thing. Seeing as I used to hate waking up with a steaming hangover, stinking of smoke, waking up with some fat bird beside me. Much prefer having friends round for dinner now, barbeques, that sort of thing.

You CAN have fun without spending money you know!

Youve just grown up MB.:D I like you prefer to go out for a good meal, normally about every couple of months, think most people had a go at spanking the the booze etc, all part of growing up.Then your priorites change and you move on...I really can't see the point of spending a couple of hundred quid having a good weekend on the lash and its over far to quickly.

LittleMissAspie

mbga9pgf wrote: »

Last month I saved 90% of our joint salary after rent payments.

Its called making sacrifices.

Well you must be a very high earner. My household bills are 43% of my salary.

mbga9pgf

Not particularly. Thing is, I always go for value, rather than cheapest. Which, to be honest, is probably the easiest way to save a stash of cash.

HAMISH_MCTAVISH

mbga9pgf wrote: »

Last month I saved 90% of our joint salary after rent payments.

Its called making sacrifices.

That seems unusually high.

My council tax and power/gas/phone/internet are around £400.

Insurances for life, house and cars another £120 or so. Running costs for 2 cars (not including finance) another £300 per month or so.

Total of £820 in basic expenses for a typical household, not including rent/mortgage/food/clothes etc.

If that is 10% of your joint salary, then your monthly salary is £8200. So either you are a very high earner, or you mange to live without paying for many of the things that are neccessary for most people.

kriss_boy

mbga9pgf wrote: »

Well, you cant have it all. To be honest, quailty of life is so subjective.

If your idea of a good life is spanking it up the wall on booze and cheap consumer tat, then I suppose you are right. I much prefer hill walking, camping out, that sort of thing. Not had a friday night out on the tiles for about three years now.

Which actually is a good thing. Seeing as I used to hate waking up with a steaming hangover, stinking of smoke, waking up with some fat bird beside me. Much prefer having friends round for dinner now, barbeques, that sort of thing.

You CAN have fun without spending money you know!

I agree entirely.

To the untrained eye I must appear to earn in excess of 30K based on the fact I have decent place, a deceptively inexpensive car, nice clothes and many of the mod cons.

The reality is Im extremely frugal and thats the reason that at face value I make appear to just spend, spend, spend like the rest of them.

Unfortunately mr joe frugal on the streets just haggles his car insurance once a year and thinks a chicken sub, coke and bag of crisps for 3 quid is all it takes to make your money go a little further.

But yea, I agree that quality of life to an extent is largley subjective.

LilacPixie

For us it is a mix of things. Firstly we have a property to sell, bought in 2003 so has equity. we also have enough cash savings for roughly a 10% deposit on a home of the size we want problem is I can't find anything I want. There is always something 'wrong' with the places we view so for now we stay put and save. I am looking to probably move next summer as I don't fancy selling over Winter.

I also feel a bit panicy at the thought of a large mortgage because everything still feels very very unstable.

michaels

We could have moved but a lot of my employers business is for the Govt and I can't see that continuing at the same level after the election so the choice is be comfortable if the worse happens or be owing 3x salary - wimps way out seems the best option at the moment.

Also having seen price drops until Feb and then seeing prices right back where they were at the peak (on the back of tight supply) it feels like things must be over priced again (?) and anyway 20% more than 6 months ago is not an incentive to buy.

nearlynew

HAMISH_MCTAVISH wrote: »

That seems unusually high.

My council tax and power/gas/phone/internet are around £400.

Insurances for life, house and cars another £120 or so. Running costs for 2 cars (not including finance) another £300 per month or so.

Total of £820 in basic expenses for a typical household, not including rent/mortgage/food/clothes etc.

If that is 10% of your joint salary, then your monthly salary is £8200. So either you are a very high earner, or you mange to live without paying for many of the things that are neccessary for most people.

Does all that include your empty "large detached rural property" ?

That must cost a bit in maintenance.