Opinions on my SOA please?

Lala2015

Thanks everyone for all your suggestions!

curiousralphy wrote: »

Except for netflix, you've pretty much cut back already. Being realistic, with no increase in income, you have to give something up completely and there are only three options:
a. Save more, give up the car
b. Save more, give up the rental flat - by moving area or housesharing (you would have a car so you could travel to see family)
c. Give up the idea of saving more

I think the idea of being able to nibble a bit here and there is great but there comes a point at which you can't really do that anymore and something big has to go. You'll get the usual numpty on here who says you can live on £40 food a year but you seem sensible, really you're at the give something up point, which is a rubbish place because the choices are all bad....

If it helps, we've all been there.

Thank you, I have paid so much into the car (which I love and is a life-saver by the way!) that I don't think I could part with it!
I have a bike I need to fix (I need to buy a replacement wheel), so I'm planning on sorting that and using the bike as much as possible.
I'm also going to get a giffgaff package for £12.00 per month instead of paying my extortionate phone contract.

sofarbehind wrote: »

I don't have much to add but wanted to say well done on your savings. That's a real achievement given how high your rent is. I know it's painful to part with some of your deposit but I would pay off the car loan to avoid the interest. Then I'd cycle to work over the summer if you can leave at a safe time when it's light.

I think when you're living somewhere with rents so high it's better to buy as soon as you can. You'll get there faster with the loan gone. Good luck and well done.

Thank you!
I know! I'm getting seperation anxiety at the thought of paying off my loan with my deposit money! Literally bringing me out in a sweat :eek: haha! I have asked opinions of family and friends, they all agree that the car loan should be paid with that money.
I've asked for a quote which I'm waiting to come in the post...

lavandergirl wrote: »

Can you not houseshare for a year and save £1000 every month?
You would have paid your car loan and saved for your deposit?

This is my stickler i'm afraid.
I know it's a way of saving money veryyyy quickly considering, but it's the one thing I will not do - I am very particular (OCD) and have only ever lived at home and with my ex.
The thought of living with strangers or friends is not a thought I want to have! (I didn't go to uni).
Probably being my own worst enemy here and I'll probably recieve posts saying that I won't compromise!
I suppose i'll just get to my goal veryyyy slowly!

[Deleted User]

Lala2015 wrote: »

I'm also going to get a giffgaff package for £12.00 per month instead of paying my extortionate phone contract.

Virgin Big Talk.

Unlimited Landline calls (01, 02 & 03 numbers), 120 minutes mobile to mobile, for £10pm PAYG, and you get the £10 topup as well, which doesn't expire.