We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Need help with strategy
Options
lalman
Posts: 279 Forumite
Hello All,
I am trying to come up with a strategy for the next few years. I am coming up to 28 (which totally depresses me!), earning 40k in london, i don't work in central London but around 45 minutes away...
I currently rent a place and was thinking about buying a flat but realise this would be devastating to my future potential savings - particularly when interest rates go up. Also, for what i can get for my money... a budget of 175k is for me, not that much so i would have to move further away to get a slightly bigger place.
Do i continue to rent? (currently pay 625 and share with someone) and keep saving or bite the bullet... get a small place and then work my way up?
I don't see my long term future in London but i do see myself being here till 35... I would like to eventually move to a smaller town up north.
I am trying to come up with a strategy for the next few years. I am coming up to 28 (which totally depresses me!), earning 40k in london, i don't work in central London but around 45 minutes away...
I currently rent a place and was thinking about buying a flat but realise this would be devastating to my future potential savings - particularly when interest rates go up. Also, for what i can get for my money... a budget of 175k is for me, not that much so i would have to move further away to get a slightly bigger place.
Do i continue to rent? (currently pay 625 and share with someone) and keep saving or bite the bullet... get a small place and then work my way up?
I don't see my long term future in London but i do see myself being here till 35... I would like to eventually move to a smaller town up north.
My Goal: From 1st of Jan 2015 to 31st of December 2015 is to save 30000.
48.78% towards 2015 target.
105.3% towards 2014 target. :j
48.78% towards 2015 target.
105.3% towards 2014 target. :j
0
Comments
-
Depressed by being 28? I'll swap with you.
Get a second job, both to increase your income and depress your expenditure.
Then tie up with a good, sensible girl who will take you in hand and devise a wise strategy for the pair of you.Free the dunston one next time too.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 598.9K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards