newbie :) need advice on rentin

MissLaw

Fang wrote: »

You're going to save up circa £5,000 (very conservative estimate) in a TIN?! What happens if someone steals it? Or there's a fire?

insurance claim

00ec25

this is an MSE website - deposit the money in a regular savings account to earn a good nterest rate - the days of tins under the bed are long gone, even if it is insured (though I think you may find there is a limit to how much cash they will cover in the house)

cashbackproblems

You dont sound very clever, if you put that money in an account you will get interest on it. One thing not on your list is one months rent as deposit upfront. Some rentals include some bills e.g. council tax. If your saving alot and depending on your circumstances it might be better to even be saving for a deposit for mortgage.

Fang_3

MissLaw wrote: »

insurance claim

Pray tell which insurance company is going to think that you're not trying to scam them?

You don't like you've put any real thought into this at all.

Jowo_2

Download the budget planner on the tools section of this website to help you. That way you can have a structured plan for saving into a separate savings account by standing order rather than a rather random 'sticking money in a pot' approach where you have absolutely no idea if you will come close to your target.

You'll need at least a months rent and up to six weeks deposit, plus agency fees, plus moving costs. That should be the minimum you aim to save.

Cannon_Fodder

MissLaw wrote: »

insurance claim

the point at which "its a troll" was confirmed.

MissLaw

Jowo wrote: »

Download the budget planner on the tools section of this website to help you. That way you can have a structured plan for saving into a separate savings account by standing order rather than a rather random 'sticking money in a pot' approach where you have absolutely no idea if you will come close to your target.

You'll need at least a months rent and up to six weeks deposit, plus agency fees, plus moving costs. That should be the minimum you aim to save.

we have a set budget to put away everyweek which we have caculated based on my mums bills for a much larger house than what we are getting so its not randomly puttin money in a pot

we are doing this so we have the money for 6months rent and 6months bills plus the deposit and first time buys.

i have a meeting with the bank so set up an account to put the money in instead off having it in a sealed pot

lee636

I will look after the pot for you :j

Gwhiz

Idiophreak wrote: »

Spelling "of" correctly will help, too

And "renting" with the famous "g" on the end

lee636

Gwhiz wrote: »

And "renting" with the famous "g" on the end

God help us if we spell something wrong!! :rotfl:

*Checks spelling very hard*