The 'We're saving for a deposit' thread

redrabbit29

Bone_Idle wrote: »

We're also aiming for a mortgage where the repayments are the same as the rent we're paying now - at least we'd know it was affordable! I'm noticing one or two houses dropping into our price range now, but am being firm and telling myself there should be more in 6 months time...

I see in your sig you have a no spend day counter - great idea.

What do you count as spending - anything using actual money or a credit card? E.g. not using the car/petrol to get somewhere, or using the bus to get to work?

Is it just the non-essential stuff?

villafan10

surely not, cuz let's be honest you could go to extremes. Surely if you have a car and don't even use it you're still paying for insurance so EVERY day would be a spend day. It would just be paying out cash/debit or credit card.

Bone_Idle

redrabbit29 wrote: »

I see in your sig you have a no spend day counter - great idea.

What do you count as spending - anything using actual money or a credit card? E.g. not using the car/petrol to get somewhere, or using the bus to get to work?

Is it just the non-essential stuff?

Thanks - can't claim the credit though, as I borrowed it from several others on the NSD Challenge on the DFW board! It's only the second month I've been doing this but already I find it puts me off spending little bits here and there every day.

Yeah, I count every time I spend money using either cash or credit card - not when rent, bills etc come out by direct debit as I can't control that. I do count petrol but not my bus ticket (mostly used to get to work) because that comes out by DD each month.

lostinrates

Bone_Idle wrote: »

Thanks - can't claim the credit though, as I borrowed it from several others on the NSD Challenge on the DFW board! It's only the second month I've been doing this but already I find it puts me off spending little bits here and there every day.

Yeah, I count every time I spend money using either cash or credit card - not when rent, bills etc come out by direct debit as I can't control that. I do count petrol but not my bus ticket (mostly used to get to work) because that comes out by DD each month.

What a great idea! I might do it too! Sadly its not how many days on bu how much I spend at a time that is the problem I think.

ray123

Is a very good idea, a no spend day.

Lostinrates, if it is the problem of spending too much, maybe it is better to have a different challenge - £5 or £10 limit spend day during the week, or a £50 weekly spend limit?

For anyone who lives in London and use the tube, it is possible to claim a refund if delayed by 15 minutes or more!

lostinrates

ray123 wrote: »

Is a very good idea, a no spend day.

Lostinrates, if it is the problem of spending too much, maybe it is better to have a different challenge - £5 or £10 limit spend day during the week, or a £50 weekly spend limit?

For anyone who lives in London and use the tube, it is possible to claim a refund if delayed by 15 minutes or more!

really? do you have a link? thats superb!

DH uses a train now though to Liverpool street, bet you can'y claim for that, lol!:rolleyes:

I'd love to get down to £50 a week. :think: something to work on.

ray123

Who is DH?

link to claim refunds:
https://www.tfl.gov.uk/tfl/tickets/refunds/tuberefund/default.asp

If you have a travelcard for tube, you can claim for Christmas Day and also for any weekend that your journey is delayed due to planned closures!

Bone_Idle

lostinrates wrote: »

What a great idea! I might do it too! Sadly its not how many days on bu how much I spend at a time that is the problem I think.

Come join us on the September NSD challenge thread, then! Never to late to start...

I'm hoping that by trying to avoid spending a few pounds every day, I won't just save it all up for one day and still spend lots - it's made me think about whether I need to buy something at all, not just when to buy it. And it saves the old problem of 'breaking' a £10 or £20 note then frittering away the change...

countrygirl27

OK so here goes....

Just been looking on the internet at lots of different mortgage calculating tools. There is a huge variation in the amount of money I could borrow!

I dont plan to buy yet, not til about 2011/12, and I know that in 2012 I will be earning £28K, (barring me being hit by a bus.) In 2012 I should have a deposit of approx £35k (at least) saved up. I have NO debt. Not a penny. Yay!

My two big problems - 1.) currently single so unless I meet Mr Right soon I'll be buying on my own, 2.) I want to buy in Kent.

The sorts of properties Im currently interested in are £125k - £160K.

Please someone, cheer me up and tell me that I will be able to buy a house! I know this contrary to me earlier house price post but Im just beginning to consider renting long term instead of buying, as I do not wish to spend my time worrying about house prices.

Bone_Idle

countrygirl27 wrote: »

The sorts of properties Im currently interested in are £125k - £160K.

Please someone, cheer me up and tell me that I will be able to buy a house! I know this contrary to me earlier house price post but Im just beginning to consider renting long term instead of buying, as I do not wish to spend my time worrying about house prices.

:hello: Hi countrygirl! Cheer up - you'll surely be able to buy a house, as £35k is a substantial sum of money in anyone's reckoning! I've seen so much conflicting information about house price movements that I've stopped paying attention to anything but what I can actually see with my own eyes in the area we want to buy in. If you keep saving up what you can, and keep an eye out for an opportunity, you'll be in a great position.

And hey, it's the weekend! :beer: