My Savings Diary

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Started this thread to try and motivate me;

Current position

24, Living at home with parents, looking to save towards a house deposit! Hopefully...save 10k by the end of next year!

I have no willpower when it comes to saving, known to randomly spend £20+ on my lunch times in Asda on random things...have decided now is the time to try and sort my life out!

Current savings

£1450 in a savings account

£6600 worth of shares (locked in for 3 years....staff shares!)

Outstanding debts!

Car loan

Finishes in March 2014, currently paying £279 a month - so will be that amount better off from March!

Overtime completed this month; roughly an extra £600 in November pay

Wish me luck! :j

Comments

  • l0u1se
    l0u1se Posts: 179 Forumite
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    Main objective to help me save is going to be to withdraw a cash budget at the start of the week, and ban myself from using my debit card
  • Matt1977
    Matt1977 Posts: 300 Forumite
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    Good luck l0us1se. :)

    Certainly a lot easier to save up while still living with parents.

    When I was your age I bought a car on finance. Never again!
    Generation Rent
  • l0u1se
    l0u1se Posts: 179 Forumite
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    I'm really gutted as I spent 10k on my car...would have a deposit by now!
  • jennikitten
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    What's your plan for savings? How often are you thinking about putting money in?
  • l0u1se
    l0u1se Posts: 179 Forumite
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    I'm thinking of putting money in each month at my pay date, update, now have £2000 in savings from overtime. Looking to save a bit more in Decembers pay
  • l0u1se
    l0u1se Posts: 179 Forumite
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    The 10k is for a house deposit, which in south Wales is looking to be 10% towards a half decent house :) hoping really to look more towards a 150k house.

    Stuck in a dilemma at the moment, one perk of my job is a staff rate mortgage which is currently at 0.5% but cannot get more than one mortgage or cannot borrow more (top up) wondering whether to hold on til I get a bigger deposit and buy the house I want to stay in

    150k where I live can get you a lot of house, talking detached/semi 3 bed properties
  • Sun55
    Sun55 Posts: 5 Forumite
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    Don't save! Find a good husband!
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