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Looking for the silver lining

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  • It's frustrating SA, sometimes you're really good and you still don't lose :(. It's good that you're going to keep going though. I bet you'll have lost next week. The less you have to lose the harder it is too.
    Finally Debt Free After 34 Years, But Still Need to Live Frugally
    Debt in July 2017 = £58,766 😱 DEBT FREE 31 OCTOBER 2017 :T 🎉
    EMERGENCY FUND 1 = £50/£5,000. EMERGENCY FUND 2 = £10/£5,000.
    CHRISTMAS SAVINGS = £0/£500. SEF = £1,400/£12,000 PREMIUM BONDS ME = £350. PREMIUM BONDS DH = £300.
    HOLIDAY MONEY = £0 TIME LEFT TO PAY OFF MORTGAGE = 5 YEARS 1 MONTHS
  • I know what you mean about our DC buying houses, I worry that mine will never be able to get on the housing ladder :(.

    Our first house doubled in price in the ten years we had it and our current house has gone up by a third since we've been here. Great for us, but not so great if you're not on the property ladder.

    I wish DH and I could afford to help them :(.
    Finally Debt Free After 34 Years, But Still Need to Live Frugally
    Debt in July 2017 = £58,766 😱 DEBT FREE 31 OCTOBER 2017 :T 🎉
    EMERGENCY FUND 1 = £50/£5,000. EMERGENCY FUND 2 = £10/£5,000.
    CHRISTMAS SAVINGS = £0/£500. SEF = £1,400/£12,000 PREMIUM BONDS ME = £350. PREMIUM BONDS DH = £300.
    HOLIDAY MONEY = £0 TIME LEFT TO PAY OFF MORTGAGE = 5 YEARS 1 MONTHS
  • beanielou
    beanielou Posts: 95,434 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    DS & GF are in exactly same position.
    Desperatly need to move because of the damp & mould & cant afford a new deposit & a months rent upfront.
    BAh.
    Cant see them ever getting on housing ladder either sadly.
    I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.

    Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.

    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
    One debt remaining. Home improvement loan.
  • It's a real shame :(
    Finally Debt Free After 34 Years, But Still Need to Live Frugally
    Debt in July 2017 = £58,766 😱 DEBT FREE 31 OCTOBER 2017 :T 🎉
    EMERGENCY FUND 1 = £50/£5,000. EMERGENCY FUND 2 = £10/£5,000.
    CHRISTMAS SAVINGS = £0/£500. SEF = £1,400/£12,000 PREMIUM BONDS ME = £350. PREMIUM BONDS DH = £300.
    HOLIDAY MONEY = £0 TIME LEFT TO PAY OFF MORTGAGE = 5 YEARS 1 MONTHS
  • beanielou
    beanielou Posts: 95,434 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    It is.
    We bought our first flat for 12K!!
    I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.

    Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.

    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
    One debt remaining. Home improvement loan.
  • I do sympathise but although my SS moans about managing deposits etc we note that he still has amaz)n deliveries most days and he spends more on lunch than I do on feeding us all. It doesn't exactly inspire us to step in and help.
  • Mint1955
    Mint1955 Posts: 685 Forumite
    Part of the Furniture 500 Posts I've been Money Tipped!
    I do sympathise but although my SS moans about managing deposits etc we note that he still has amaz)n deliveries most days and he spends more on lunch than I do on feeding us all. It doesn't exactly inspire us to step in and help.

    And that’s exactly why we no longer help added to one of them can’t afford to pay us back a long standing loan despite on Facebook boasting about this new product or bag or designer cat or something or other. I just ignore pleas of poverty now.
    Living the dream and retired in Cyprus :j

    http://forums.moneysavingexpert.com/showthread.php?t=5105296
  • Morning SA,

    Im sure DS understands that you guys can't help them out, at least they've got the OH's dad to help if needs be.

    I was so glad we bought our first house when we did (15 years ago) as we made double on that. We have paid for it in this house though as weve lost about £30k with the recession and the prices just haven't come back up.

    I hope the other house comes good for DS xx
    Mummytogirls x

  • I don't think either of our girls would have managed to buy their houses without our help in the beginning with deposits. House prices are ridiculous in certain parts of the country (south in particular) but even in the midlands and north the prices may be more affordable but wages are lower. I think this will be a big problem in later years with people going into retirement still having to find rent.

    There is also something to say though in that the younger generation tend to be able to do holidays, have expensive phones and cars which we did not in our early years. We also had to cope with much higher interest rates on mortgages even though house prices were much lower. Even in the 80s we struggled to live in London due to house prices hence we moved down to the south west but luckily OH had a job move so he had a job to go to down here. Not everyone is so lucky.
    I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.

    The 365 Day 1p Challenge 2025 #1 £667.95/£162.90
    Save £12k in 2025 #1 £12000/£7000
  • HHOD and BL. Even if you cannot afford to help them with deposits can you afford to have them stay with you and save rather than pay rent and just pay towards food and bills? Both our girls did that initially until job moves took them elsewhere. It was surprising how much they managed to save without any rent or bills to pay.
    I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.

    The 365 Day 1p Challenge 2025 #1 £667.95/£162.90
    Save £12k in 2025 #1 £12000/£7000
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