Is 2023 my year?

Dizzy_Ditzy
Dizzy_Ditzy Posts: 17,461
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edited 31 December 2022 at 4:22PM in How much have you saved?
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 😂 


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  • Happy new year Dizzy. Good luck with your savings and getting on the property ladder in 2023 🤞
    0% credit card £1360 & 0% Car Loan £7500 ~ paid in full JAN 2020 = NOW DEBT FREE 🤗
    House sale OCT 2022 = NOW MORTGAGE FREE 🤗
    House purchase completed FEB 2023 🥳🍾 Left work. 🤗

    Retired at 55 & now living off the equity £10k a year (until pensions start at 60 & 67).

    Previous Savings diary https://forums.moneysavingexpert.com/discussion/5597938/get-a-grip/p1

    Living off savings diary
    https://forums.moneysavingexpert.com/discussion/6429003/escape-to-the-country-living-off-savings/p1
  • savingwannabe
    savingwannabe Posts: 16,610
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    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. 
    Aiming for a minimal spend 2022
  • Dizzy_Ditzy
    Dizzy_Ditzy Posts: 17,461
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    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 😒
    I’m a Forum Ambassador and I support the Forum Team on the Health & Beauty, Greenfingered Moneysaving and How Much Have You Saved boards. If you need any help on these boards, please do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing [email protected]

    All views are my own and not the official line of MoneySavingExpert
  • 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.
    Mortgage started 2020, aiming to clear it in 2026.
  • Dizzy_Ditzy
    Dizzy_Ditzy Posts: 17,461
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    edited 1 February 2023 at 5:48PM
    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
    I’m a Forum Ambassador and I support the Forum Team on the Health & Beauty, Greenfingered Moneysaving and How Much Have You Saved boards. If you need any help on these boards, please do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing [email protected]

    All views are my own and not the official line of MoneySavingExpert
  • Dizzy_Ditzy
    Dizzy_Ditzy Posts: 17,461
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    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 🤣
    I’m a Forum Ambassador and I support the Forum Team on the Health & Beauty, Greenfingered Moneysaving and How Much Have You Saved boards. If you need any help on these boards, please do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing [email protected]

    All views are my own and not the official line of MoneySavingExpert
  • Congratulations, sounds like good use of the win!
    Mortgage started 2020, aiming to clear it in 2026.
  • Dizzy_Ditzy
    Dizzy_Ditzy Posts: 17,461
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    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 🤞🤞🤞
    I’m a Forum Ambassador and I support the Forum Team on the Health & Beauty, Greenfingered Moneysaving and How Much Have You Saved boards. If you need any help on these boards, please do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing [email protected]

    All views are my own and not the official line of MoneySavingExpert
  • Sorry to hear about the house but great news about the new job and hope the increase in income helps 🤞🤞
    0% credit card £1360 & 0% Car Loan £7500 ~ paid in full JAN 2020 = NOW DEBT FREE 🤗
    House sale OCT 2022 = NOW MORTGAGE FREE 🤗
    House purchase completed FEB 2023 🥳🍾 Left work. 🤗

    Retired at 55 & now living off the equity £10k a year (until pensions start at 60 & 67).

    Previous Savings diary https://forums.moneysavingexpert.com/discussion/5597938/get-a-grip/p1

    Living off savings diary
    https://forums.moneysavingexpert.com/discussion/6429003/escape-to-the-country-living-off-savings/p1
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