The 'We're saving for a deposit' thread

Nixxx

I have been looking on rightmove to keep me motivated but now realise that I need to up my savings target from 20k to 40k if i'm going to get a house anywhere near the one I want.

Don't know if i'm sad about that or happy as it seems to be taking forever!

clearing_out_my_pockets

I'm having to reduce my savings standing order as my salary has been reduced. Grrrr. Ah well - apparently the money will be paid back in stages over a two year period so I'll probably put the 'bonuses' to the deposit fund. Still, I'm on track for around £16k by the end of the year, which will make it £32k with parents' halp and OH's savings.

lydiandrew

Thanks for the advice, I've been thinking of the £1 £3 rule today lol

I will also be using that calculation as soon as we have some money (may be some time!)

Wow, I feel old (at 25) when everyone on here is 18-20 buying their first house and they have savings! What did I do with my wages since I was 18?!

thanks again, will be popping back now and again when I need some inspiration! :P

Dinah93

Lydiandrew, I'm 24, OH is a bit younger at a shade under 23, but we don't expect to have the deposit together until we're 26 and 24 respectively, so in a fairly similar position.

When I was 18 I was a real little saver, started at 16 so by the time I was 17 I could buy my first car (a 2 year old lupo costing me 5k!) as well as driving lessons and insurance. However then uni hit, and I spent the next nearly 2 years paying that back (still have the student loan, but the CC debt and MSc loan are gone now thankfully).

missaitch

I'm in the same position motivation wise. With OD, car loan, rent bills etc it's hard to save as much as possible. Fall off the wagon! lol.

I'm going to remember the £1 to £3 rule too and hopefully start new next pay day 26th

I can't believe how much people have saved!! Am jealous!

ShelleyC_2

lydiandrew wrote: »

Wow, I feel old (at 25) when everyone on here is 18-20 buying their first house and they have savings! What did I do with my wages since I was 18?!

I'm a bit older than you (by a decade )

Actually I bought my first house at 24 but now in rented after relocating and saving for my next and hopefully life long home.

Good luck building a huge deposit and it was fun to dispose of income at 18 :rotfl:

happytails

Bought my dad some fathers day novelty socks and MIL had money off vouchers for Tesco so i got them for 20p :j so pleased i had to share lol

Hoping the weather will be good on Saturday as wanting to do a car boot to raise some funds! x

^!£$&

I Was at a friends Wedding last weekend traveled down and stayed in the hotel with all the wedding guests, but there was a problem with my room.
The brides mother was so annoyed she took it up with the manager and as you can only imagine how many £££££££ they had spent there on the wedding the manager comped my room so I ended up staying and eating brekkie for free!
Which means an extra £100 I wasn't expecting to have has been put in the house fund :-)

mclaren32

Oh dear not a good month!

We have just got engaged and we are having a few days away soon to mark it so savings are going in the wrong direction but I am hoping to get about £500 bonus from work so that certainly helps.

The slog continues.

^!£$&

Congrats on the Engagement Mclaren32!!