if i make a start . then there has to be an end right ?!

mumof3.12kindebt

It may not be as quick as others. But Im so proud of how much we have paid off so far. It feels great. I must remind Myself of the above post when I feel like progress isn't being made.

mumof3.12kindebt

This month is tight as I had some time off due to illness. But we will hopefully pay off around 400 pound still including my car direct debit

mumof3.12kindebt

Once all the debt in paid. Depending on our income I hope to put a minimum of £500 into savings for a house deposit. This will come to around 6000 a year.

Baby is currently 6 months. Coming 7 months.
I'm 25 I aim to buy by the time we are 30. Our absolute personal deadline is by the time we are 35.
The goal is to save at least £20- £25000
Of this at least £16000 will be a deposit the rest will be moving costs.
Stamp duty solicitors fees etc

mumof3.12kindebt

My birthday Is in July hence why I'm now 25 and not 24 anymore like I was at the start of my diary

mumof3.12kindebt

Bed time.
Today was another nsd.

Catch up with you all tomorrow

mumof3.12kindebt

Food shop day.... This day each week comes round too quickly...
Anyway budget is 50. Hope to.come. In on budget again.. Will let you all know how it goes.. Don't have a massive list but we all know it soon adds up
Nothing else to report

mumof3.12kindebt

I've got all my dates mixed up some how.. 7th was charity shop spends
8th was nsd

DebtFreeDuo

If you want to save for a house deposit whilst also paying off debts can I recommend a Help to buy ISA if you are first time buyers, the government give you a 25% bonus on every penny you save and the interest rates are good on them too, I currently get 3.5% interest on mine which justifies me not paying my debts off with what I have saved so far. You can only save a maximum of £200 per month but both you and your partner can both have one and you will both qualify for the government bonus.

Great work on paying off your debts so far, you're doing a great job.

mumof3.12kindebt

I dont know what's best to do. Pay off debts then save. Or do abit of both.
Abit of both I think will keep Me more motivated as I'll see my debts go down as well as my house savings go up.

I have a 5% interest savings account atm.
In the new tax year I'll be opening a help to buy isa and getting my partner to set one up in his name too.

If I decide to save for a house along side debt it will break down as follows a month
100 emergency fund
250 house fund
650 debt + car direct debit
And I'll be debt free excluding mu car in around 14 months

mumof3.12kindebt

Any advice on the above is much appreciated