The 'We're saving for a deposit' thread

wilksy007

Savings are going really well, we had a target of £30k by August and have just over £34k at the moment.

I've accepted that we will need to be looking at spending upto £175k in the current market, so we need another £13k to cover buying costs and 25% deposit.

The new target £47k by my 30th Birthday in March next year :eek:

jak wrote: »

I've fallen in love with a house this week too. It's 172,950 and in a couple of years that'd be at the top end of our price range. It's just beautiful! Oh well. Only another couple of years of saving...at least the end is in sight now!

Good luck everyone.

I know how you feel my GF and I have found a perfect house, unfortunatley in £189K which is out of our price range. Gonna have to keep saving for the moment and hope things go our way.

MrDT

butterfly72 wrote: »

Everyone seems to be doing really well with their savings!! :T

We've now reached our moving fees and costs target which we set at 15K. I know it sounds a lot, but we wanted some in reserve and it can also include new items like white goods or a new carpet say.

So we are now going to add to our emergency fund and really bump that up. Then i guess its ploughing back into the deposit to increase that further. Its currently 100K but any extra will be bonus and if we keep going at this rate we could be thinking of a 50% deposit or more!

I've sold a few more items on Amazon which has added a few bob and I'm working towards a promotion at work.

I'm currenlty eyeing up a new payg mobile as I've had mine years and it looks tatty now. Trouble is I WANT a new phone - I don't NEED a new phone. Its only £79, but not buying these little things has really helped our savings. Oh go on someone tell me to treat myself!! :rotfl:

Congratulations on saving such an amazing amount! Now do yourself a favour and treat yourself

100k banked and deliberating over a £79 phone may be seen as an admirable trait by some, but you're in danger of taking things too far Get it bought

jak

WOW 100K! That's amazing! Well done!

dippykitty

butterfly72 wrote: »

Its currently 100K but any extra will be bonus and if we keep going at this rate we could be thinking of a 50% deposit or more!

Congrats on getting to 100K - that's really impressive!:D

JimLad

JimLad wrote: »

Well i think i may have just found myself a drain to my funds....I took a girl out on saturday night for dinner and we are going out again on wednesday for a movie and drinks

Looks like i spoke too soon

Apparently we dont have the "right chemistry"

dippykitty

JimLad wrote: »

Looks like i spoke too soon

Apparently we dont have the "right chemistry"

That's a shame

hostie1985

sorry to hear that JimLad - i'm sure you'll find a lovely lady soon to spend your money on...

tara747

JimLad - shame! But at least you'll have a few extra ££s to your name! Treat yourself to something nice to make up for it xo

jak

Just wondering what everyones target are? And how long they are saving for?
Our target is £40,000 and we want to save that in 2.5 years. Then we want to save £3000 for fees and stuff. Depending on whether we can get a mortgage, then we may have to wait for another year. In which case, our target will be £60,000 in total including fees money.
Anyway, just thought i'd add this post. Motivate myself a bit!

rocketchimp9

Hey my target is 25000 including fees but would love to get 35000. Hoping to get this by January to March time; hoping this will be a good time to buy, but all I hear at the moment is how it is getting slightly easier to get a mortgage and house prices are increasing.