Can You Save £57 A Day, 7 days A Week???

Cidersid

I think a few people on here are clutchingatstraws.com

lostinrates

mitchaa wrote: »

Living frugally, very frugally (Lifespans are relatively short, what is the point? 2yrs of ''misery'')

23 years early mortgage free? I'd consider living very frugally if were going to prove doable to discharge a mortgage over a short time frame (it won't for us). as a lot of this site centres around frugality and people who have no choie but frugality, I find the association between frugality and enforced misery a little distasteful. Any frugality DH and I have is/was choice, so it can't have made us that miserable!

chucknorris

boyse7en wrote: »

I like the idea of a bridal path – confetti-strewn and with friends and family standing either side. If I had one of those next to my house, it would definitely be worth £10k more.

You might laugh but some seemingly minor things do add value to your home (I mean to you personally not open market value) that would not necessarily add value to others. I live at the end of a cul-de-sac and there is a footpath that allows me to walk my dog off lead down to the local sports field (as it's 100% traffic free), so I can walk, jog and cycle with him, after enjoying this I would find it hard to move to somewhere that didn't have this.

doire_2

HAMISH_MCTAVISH wrote: »

http://www.express.co.uk/posts/view/130905/House-prices-up-by-10-000-in-6-months-

Yet more good news for the housing market. The average house up around £10K in just 6 months. (more according to Nationwide)


Shame so many gamblers waiting for further falls have missed out on so much though, when will they learn that trying to time markets is an excercise in futility?

Good news for who?????? Not for FTB its not.

lostinrates

chucknorris wrote: »

You might laugh but some seemingly minor things do add value to your home (I mean to you personally not open market value) that would not necessarily add value to others. I live at the end of a cul-de-sac and there is a footpath that allows me to walk my dog off lead down to the local sports field (as it's 100% traffic free), so I can walk, jog and cycle with him, after enjoying this I would find it hard to move to somewhere that didn't have this.

I don't think it was meant offensively. A bridlepath would mke a property more desireble for me too, a bridal path less so. (although would be utterly charming).

chucknorris

lostinrates wrote: »

I don't think it was meant offensively. A bridlepath would mke a property more desireble for me too, a bridal path less so. (although would be utterly charming).

I wasn't offended although I did overlook the bridal path/bridlepath pun. Funningly enough I bought my house before we got our dog and didn't even walk down that footpath until almost a year afterwards when we got our dog, so it was a pleasant bonus.

doire_2

mitchaa wrote: »

To Save £52k in 2yrs is very good going, you are either...

Living at home with parents (Embarrassing really if you're over about 21, stand on own 2 feet springs to mind, not having your own space, like i said, nothing to feel 'proud' about:rolleyes:)

Living frugally, very frugally (Lifespans are relatively short, what is the point? 2yrs of ''misery'')

Or your household income is very high, which if it is the case you wouldn't be worrying about a mythical £33k

So what if he lives with his parents? The guy has saved a huge deposit in two years and is planning well for the future. Pity others during the past number of years didn't do the same...maybe then the economy wouldn't be in such a mess

skap7309

mitchaa wrote: »

I still dont understand why the £52k comes into play?

You would have saved the £52k regardless if you were renting/mortgaging a property surely?

Or is it the parents thing?

You say that £52k is irrelevant but this is going towards my mortgage MINUS interest that i would have been paying (infact i have gained a nice sum of interest) so it is hugely relevant.

Definitely not a parents thing - there is a £1000 inheritance in there but that is me being totally honest. No hand outs, lottery wins or anything such.

skap7309

mitchaa wrote: »

Im not a fan of this living frugally, not even for a year, never mind 2 or 6. We only live once, best enjoy it whilst we can but i suppose we all see life through different eyes.

Indeed saving for the past 3 years has done my head in and i plan to live a very nice life after all this, however whats that old saying? For every pound paid into a mortgage you have to earn three.

Therefore, for the time being it is tough but as mentioned it will reap its rewards for years and years after.

Thrugelmir

mitchaa wrote: »

Living at home with parents (Embarrassing really if you're over about 21, stand on own 2 feet springs to mind, not having your own space, like i said, nothing to feel 'proud' about:rolleyes:)

The average age of a FTB is now around 37.... :rolleyes:

Which suggests that saving a deposit while renting is difficult for the majority of people.

Living at home makes financial sense.

As why rent when you can save a deposit to buy your own property?

Also reduces the demand for houses.