How much can you save?

gelato_cat

I know what you mean. I've accumulated quite a bit myself (just under £70k) and wouldn't be able to get much of a mortgage on my salary (one-bed flats in half-decent areas of London being £0.3m)... which is why I'm taking my hard-earned cash out of the country to try and get on the property ladder elsewhere!

Suze

blizeH wrote: »

Saving for a house deposit too, I've currently got just under £45,000 saved up but with my pitiful wage I'm still no closer to getting a house, bah!

JET34

Managed to save £500 this month not as much as I would have liked but at least I have saved some!!

moneysavingwannabe

Suzey wrote: »

I know what you mean. I've accumulated quite a bit myself (just under £70k) and wouldn't be able to get much of a mortgage on my salary (one-bed flats in half-decent areas of London being £0.3m)... which is why I'm taking my hard-earned cash out of the country to try and get on the property ladder elsewhere!

Suze

Hi Suze,

Wow! That is amazing savings!! :beer:

So you would rather move abroad than move somewhere in the UK that is cheaper than London? You could get a 4 bed detached house in the Midlands where I live for £300,000.

It has gone up an awful lot since we bought our first house about 10 years ago it was only £38,000 for a three bed victorian semi then and we sold for £129,000 which was lucky for us but not for first time buyers! :eek:

You are doing really well, keep going!!:D

gelato_cat

Hey!

You're doing well too

Yeah, I think I'd rather move abroad to be honest. I'm not sure I like living in the UK any more, and it's not just London that's expensive :eek: I wouldn't be able to borrow anywhere near enough to make up the balance for a £300k property either...

I'd kill to get my hands on a nice little period property (esp at £38k!!!), but that's going to have to wait I'm afraid

Suze

moneysavingwannabe wrote: »

Hi Suze,

Wow! That is amazing savings!! :beer:

So you would rather move abroad than move somewhere in the UK that is cheaper than London? You could get a 4 bed detached house in the Midlands where I live for £300,000.

It has gone up an awful lot since we bought our first house about 10 years ago it was only £38,000 for a three bed victorian semi then and we sold for £129,000 which was lucky for us but not for first time buyers! :eek:

You are doing really well, keep going!!:D

Vicky82

Just got my car back from it's first MOT. £288.77 Don't think I will be putting much into my savings this month.

Roll on pay day!!!

moanymoany

From the Alvin Hall website I went to another site where there was a calculator that tells you when you will be a millionaire - given interest rates and monthly incomes.

I will be over 90! Still it can be done.

slowlyfading

Transferred another £4.78 to my ISA today.

moanymoany what site is that? It'd be fun to have a look!

dreams_of_paradise

I'll be a millionaire aged 78 :j but of course with inflation it will only be worth £165,000 in today's money :mad:

slowlyfading

Paid another £20 into my ISA today

save-a-lot

Hi

Been a while since I posted in this thread. Today I will find out if my application for voluntary redundancy has been accepted, so I am waiting nervously for a yes. This will impact on my savings as if I am accepted I will get a decent pay-off. Then the plan is to either work for myself or use the time until I leave my employer (which could be a couple of years) to arrange a good exit plan. Fingers crossed for me.