Is 2023 my year?

Dizzy_Ditzy

Will 2023 be the year that I get on the property ladder? 🤔 

Currently sat at about £18K, £10K of which is his and the rest mine. The increased cost of living is biting a little in that I’m not saving as much as I should but I am sticking something away each month at least. Another rent increase in January isn’t going to help 🙄 

Let’s just keep hoping for that ever elusive lottery win 😂 

Skint_yet_Again

Happy new year Dizzy. Good luck with your savings and getting on the property ladder in 2023 🤞

savingwannabe

Dizzy i felt the same when i was saving for the deposit on the house but did get there. I know you can do this. Like you I am worried that my savings and standard of living are taking a tumble this year but we have to keep trying. We can do this. 

Dizzy_Ditzy

It’s really annoying that I’ve moved most of my savings to a better interest account but my help to buy isa is stuck at 1% and because HTB ISA’s aren’t available anymore I can’t move my current one to a better paying account 😒

MovingForwards

There's a few savings accounts paying over 5% and 7%, but need a current account with them, they make a huge difference to boosting savings as does rounding up pennies etc.

I'm not sure if it's still possible to transfer a H2B ISA to another provider, although they're no longer on sale, as people have been about a year ago.

Dizzy_Ditzy

MovingForwards said:

There's a few savings accounts paying over 5% and 7%, but need a current account with them, they make a huge difference to boosting savings as does rounding up pennies etc.

I'm not sure if it's still possible to transfer a H2B ISA to another provider, although they're no longer on sale, as people have been about a year ago.

I think I’m going to keep it as it is and put the bulk of my savings in my bigger interest accounts. I should have paid more attention 12 months ago 🤦‍♀️

*edit - turns out I can transfer an existing HTB ISA so over the weekend I’ll have a look around and see what I can sort out

Dizzy_Ditzy

I had a tidy little win on the lottery this weekend 😀 not life changing by any stretch but it didn’t end up in my savings - I was told to get something for myself so I upgraded my air fryer 🤣

MovingForwards

Congratulations, sounds like good use of the win!

Dizzy_Ditzy

I’m still here! 

Have hit £10 K 🥂

beginning of July we were so close to finally buying a house. It was a shared ownership house but by the time we got through the financial assessment which was quite complicated, the house we wanted was gone 😔 not gonna lie, this hit quite hard because it made us realise that without a massive increase in savings, we can’t buy a house. We haven’t given up though but are more biding our time to see what happens

In the meantime, I’ve found myself another job, with more money so am currently serving notice at work. Hopefully that will help with any future mortgage applications 🤞🤞🤞

Skint_yet_Again

Sorry to hear about the house but great news about the new job and hope the increase in income helps 🤞🤞