VelvetFreak is saving up to buy a house!

573 Posts

Shiny new diary! Yay!
A bit about me: I am 25 years old, living in Australia. I own a tiny one-bedroom unit (well, the bank owns it, because I have a mortgage
). My boyfriend moved in with me a few months ago.
I recently reached a big goal, which was to have $10,000 saved in an Emergency Fund. So now I am onto the next thing, which is saving to buy a house. My goal is to have $80,000 saved before I turn 30 (which is in about 4.5 years, December 2023 :eek:)
At the moment, I am able to save $400 per fortnight out of my wages, and my boyfriend pays $200 for “bills” which I am able to save because I paid the same amount in bills since before he moved in, so I see it as “extra” money that I wouldn’t have otherwise. I hope that makes sense. Our finances are separate at the moment but I suppose we will combine things more over time. I also plan to save extra money that I get with raises, bonuses, etc.
I am also wanting to do some small renovations in my unit to make it nice for us to live here for the next few years. I will find the money for that somewhere.
I recently sold a mattress and furniture that I had stored in the garage, so we are starting the House Savings off with $100 :j
A bit about me: I am 25 years old, living in Australia. I own a tiny one-bedroom unit (well, the bank owns it, because I have a mortgage

I recently reached a big goal, which was to have $10,000 saved in an Emergency Fund. So now I am onto the next thing, which is saving to buy a house. My goal is to have $80,000 saved before I turn 30 (which is in about 4.5 years, December 2023 :eek:)
At the moment, I am able to save $400 per fortnight out of my wages, and my boyfriend pays $200 for “bills” which I am able to save because I paid the same amount in bills since before he moved in, so I see it as “extra” money that I wouldn’t have otherwise. I hope that makes sense. Our finances are separate at the moment but I suppose we will combine things more over time. I also plan to save extra money that I get with raises, bonuses, etc.
I am also wanting to do some small renovations in my unit to make it nice for us to live here for the next few years. I will find the money for that somewhere.
I recently sold a mattress and furniture that I had stored in the garage, so we are starting the House Savings off with $100 :j
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Mortgage end date Dec 2045 - NOT!!!!
Mortgage balance end of December 2022 - $20,500.00
Business Savings $53,765/100k
Hope to be mortgage-free by end of 2023
**Credit card debt free 30/06/10~**
MFW. Finally mortgage free February 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb.
It starts with you, it starts from now. *** It is ok to be me.***
***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
I have been looking at my accounts this morning and shuffling things around. Have moved all of the “bills” money that MrVF has paid me so far into the House Savings ($1800) as well as $50 that I had put aside for petrol that I didn’t end up using. So the new balance is $1950 :j :j
Things are off to a great start. I have been thinking about all the junk that’s in the house and the garage that I could potentially sell :cool:
I should also mention that all of this money is in an offset account against the mortgage, which reduces the amount that you pay interest on. So while I am not actively trying to pay out the loan early with extra repayments, it all helps because there is less interest charged.
Off to update my signature.
Super that MrVF and you are one the same page about money... that makes a huge difference.
I'm looking forward to your further adventures!
Toiletries used up 27/188.
Today was a good day. I made a Thai green curry with rice for dinner and boxed up the leftovers, so we will each get two lunches to take to work. MrVF has had two weeks off (works at a school, so gets holidays when the kids do). He just did 3 days of work for a friend of his and got paid $300 so he put $280 towards his Car Savings which brings his total up to $2818 (he is aiming for $6000). I must say that I am really proud of him
Thank god tomorrow is Friday. I have been so tired lately. I have a doctors appointment next week to get my bloods checked and whatnot, but I think I just need a holiday
I love my job but there is a particular person there who makes it harder than it should be.
I’m trying to lodge my taxes for the year but the website is down
Just ranting for the sake of it now: I am tired of doing renovations. It’s just not very fun anymore. Whilst I am glad that I bought my flat, I am sick of spending time and money on it. It has a really weird layout so everything that I want to do is twice as hard as it should be. Nothing is in a logical place and it’s really frustrating having to work around that
Anyways, that’s enough nonsense for tonight.
That's what I call a great arrangement!
Maybe you need to book that holiday to give yourself a fresh view on renovations? I didn't do AirB&B in Australia but I know that in the UK/Europe I've been on self-catering holidays that gave me lots of inspiration for my own home. Mind you, I've been on some that showed me what NOT to do as well. :eek: It must be frustrating to have to deal with a badly laid-out flat, so I hope your mojo comes back to help out.
Toiletries used up 27/188.
MrVF is now in a very cranky mood as his computer won't do the thing that he wants it to do. I have sent him to have a nap, so hopefully that fixes him.
I need to get the sheets out of the dryer and make the bed, do a quick vacuum and tidy up the kitchen. I have high hopes of cleaning out the garage tomorrow morning.
Well done on productive days, hope you have a terrific weekend! I'm off to work!
New Mortgage at Nov 19 - £273 499
Current Balance - £268 225
Want to cut down 26 year mortgage by 9 years!
New MF date 2036 :dance: