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young saver- first home

Hi!

I'm only young (19) and I've just got my first job.

Now I've got all the difficulties out the way, i'm hoping to save some money for my first home.

I get around 450 a month, and my boyfriend get 150 a week. I'm not very good with numbers and was wondering if anyone could give me some advice on how to save so that we can both fly the nest and make a life of our own.

Thanks!! :)
1924 Sealed Pot Challenge 2013 Money at the moment-£64.30 :j:j

...Yes..That is a duck. Yes. I have 8 of them.

Gold Stars from Sue :staradmin

Comments

  • xylophone
    xylophone Posts: 45,963 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Don't be in too much of a hurry to fly the nest - while you are living at home, you have the opportunity to save?

    It also gives you an opportunity to learn about budgeting for the expenses of owning or renting a home of your own.

    What is your take home pay? How much of this is essential expenditure?

    What is left over? How much will you set aside for entertainment/holidays?

    The rest can be saved.

    Make sure that you have the best current account for your needs.http://www.moneysavingexpert.com/banking/compare-best-bank-accounts
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