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

skap7309

mitchaa wrote: »

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

Wonderful girlfriend, good mates, active social life, my health, well paid job, plenty of savings and a bright future to look forward to. Living frugally is no real issue.

mitchaa

Thrugelmir wrote: »

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.

That suggests you are 36 and living with parents:p

My point was, I would rather cut off my own testicles at the age of 26 than to move back in with my folks. I like walking around in the nude you see, !!!!!! doing that with the old dear walking around doing the cleaning.

I think it's sad if you are still living with parents after the age of around 21. Money does not even come into it, it's about standing on your own 2 feet and getting your independence. That comes way ahead of saving for a deposit for a mortgage IMO.

Dont worry i still have some friends 26/27/28, still living at home with parents and I/We rip into them everytime we are out about it.

mitchaa

skap7309 wrote: »

Wonderful girlfriend, good mates, active social life, my health, well paid job, plenty of savings and a bright future to look forward to. Living frugally is no real issue.

GF shag*ing your mates because you have been too scrooge to buy her any presents, take her out for a meal or even go down the pub for a drink with her;)

The £52k I repeat is irrelevant due to the fact that it wouldn't have made the blindest bit of difference if you had bought or not as you would have still saved £52k either way. Instead of overpaying by £52k, you have a £52k deposit, it's exactly the same.

Oh, and you will always want to upgrade, so your perfect home now may not be your perfect home in 10yrs time. My perfect home is priced around £500k in todays terms (about twice what mine is worth now)

You appear to aspire to just an average home though hence my point about always wanting to upgrade to something nicer (If funds allow of course)

JonnyBravo

doire wrote: »

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

:T

mitchaa wrote: »

I think it's sad if you are still living with parents after the age of around 21. Money does not even come into it, it's about standing on your own 2 feet and getting your independence. That comes way ahead of saving for a deposit for a mortgage IMO.

Don't talk tosh. Sounds more like you're jealous.
I left to go to Uni for 5 years but then moved back to my parents from 24-28 yrs old. Had great fun but then perhaps I get on better with my folks than you did with yours.

mitchaa wrote: »

Dont worry i still have some friends 26/27/28, still living at home with parents and I/We rip into them everytime we are out about it.

Oh you card! I bet you all laugh and clap about how clever and funny you are too. Tee Hee. How I'd love to be there.

Oh and I should imagine the last thing he is doing is worrying.

Cleaver

mitchaa wrote: »

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

Whilst I understand the point you're making (I wouldn't want to live on beans and candlelight for two years either) when we sat down to take a good look at our finances a few years ago, decided we wanted to pay off our mortgage and started a strict plan to live 'frugally' we actually enjoyed it a lot more than when life was spend, spend, spend.

You quite quickly realise that the vast majority of life's little pleasures aren't directly related to spend. We set our money out in to little sections we wanted to spend each month - food, petrol, general bills, holidays, car and personal etc. Having a capped, personal budget each turned out to be the best thing we ever did. We think about each individual purchase we make now, and life is all the better for it, not worse.

And maybe we're just geeky, but if you're watching what you spend in each section, it becomes a challenge to spend less and less. And the fun is keeping the quality of your life the same, but spending less. Our cooking skills have come on leaps and bounds because we do stuff with leftovers, or think more creatively about what we do with food. And we eat better because of it.

I'm ranting now, so I'll stop. But just saying that living 'frugally' can be more fun IMO. You just gotta make sure it doesn't get out of control and start to dim your enjoyment of life.

skap7309

mitchaa wrote: »

GF shag*ing your mates because you have been too scrooge to buy her any presents, take her out for a meal or even go down the pub for a drink with her;)

Haha brilliant. When you can sh*g as well as me then youd understand why she wont let me out of her sight.

Of course, when we are not sh*gging im taking her to Paris for Valentines weekend, or taking her out for dinner, or we are in the pubs enjoying that good social life i mentioned.

Sorry Mitchaa me old fruit...............you did ask for that. :D

mitchaa

JonnyBravo wrote: »

:T



Don't talk tosh. Sounds more like you're jealous.
I left to go to Uni for 5 years but then moved back to my parents from 24-28 yrs old. Had great fun but then perhaps I get on better with my folks than you did with yours.



Oh you card! I bet you all laugh and clap about how clever and funny you are too. Tee Hee. How I'd love to be there.

Oh and I should imagine the last thing he is doing is worrying.

Obviously hit a raw nerve that you needed mummy and daddy there to take care of you;)

Jealous of living at home with parents, erm shouldn't it be the other way around

Yes, a few of my friends do worry about it, but cannot afford to come out into the big bad real world so are stuck at home with the folks. I mean how can you not worry about holding down a relationship, getting a house with a partner and standing on your own 2 feet i'll never know:rolleyes:

lemonjelly

mitchaa wrote: »

1.The £52k savings are completely irrelevant.
2. The £33k ''saving'' is purely mythical and assumes that you were going to buy at the precise point where the market peaked. (I very much doubt it) By that i mean you had mortgage agreed, sale completed and at the last minute you had a brainwave and you pulled out. The ''I was wanting to buy a house at that precise point'' is quite frankly a lot of BS as the majorities who dont own their homes are always wanting to buy so the timing and the belief that you ''saved'' from peak is a lot of rubbish. Why didn't you want to buy in the July or the August or the Sept or even the October? What was special about the month November:rolleyes:

Codswallop:D

3. You have to take into account your rental payments in the last 2yrs and offset these against this mythical £33k even if it just does mean the repayment part.

4. You were going to buy that average house were you? Not over average or under average? Just average?

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

mitchaa wrote: »

That suggests you are 36 and living with parents:p

My point was, I would rather cut off my own testicles at the age of 26 than to move back in with my folks. I like walking around in the nude you see, !!!!!! doing that with the old dear walking around doing the cleaning.

I think it's sad if you are still living with parents after the age of around 21. Money does not even come into it, it's about standing on your own 2 feet and getting your independence. That comes way ahead of saving for a deposit for a mortgage IMO.

Dont worry i still have some friends 26/27/28, still living at home with parents and I/We rip into them everytime we are out about it.

JonnyBravo wrote: »

Don't talk tosh. Sounds more like you're jealous.
I left to go to Uni for 5 years but then moved back to my parents from 24-28 yrs old. Had great fun but then perhaps I get on better with my folks than you did with yours.QUOTE]

Perhaps his folks can see what a Cee U Next Tuesday he is...

mitchaa

lemonjelly wrote: »

Perhaps his folks can see what a Cee U Next Tuesday he is...

I take it you are another who cant stand on his own 2 feet and are still living with parents then?

I cant believe its come down to my mum and dad are better than yours:rotfl:

I have an excellent relationship with my parents, I just find it pathetic really that there are mid 20 somethings out there still living at home:rotfl:

Cleaver

mitchaa wrote: »

Dont worry i still have some friends 26/27/28, still living at home with parents and I/We rip into them everytime we are out about it.

mitchaa wrote: »

My point was, I would rather cut off my own testicles at the age of 26 than to move back in with my folks.

mitchaa wrote: »

I just find it pathetic really that there are mid 20 somethings out there still living at home:rotfl:

Why? If you're living at home as an adult because you're lazy, or can't be bothered, then fair enough. However, a lot of people will live at home for a number of other reasons.

One friend of mine in his twenties lives at home because his Mum is ill and he wants to be there to support her. Another in their late twenties is doing their PhD so cannot afford to live away from home at the moment. Ditto another friend in their late twenties who has moved back home to do a masters, and another who works passionately for a chairty that doesn't pay much, wants to continue working for them but can't therefore get their own place.

I think laughing at people for the above reasons shows a bit of immaturity and an attitute that the only important thing in life is a 'high' paying job and owning a house. And whilst I'm not someone who thinks everyone has a divine right to a cheap house, maybe if they were a bit more affordable my friends listed in the examples above would have more options than living at home with their folks.

If I was more of a cynic Mitchaa I would conclude that your passionate posting on this subject suggests that maybe you still live with your parents.