The 'We're saving for a deposit' thread

tara747

jen_1985_04 wrote: »

I have the same opinion, maybe I'm a bad person too! It has taken me years to save for my deposit and during that time I have been so tempted to splash out on things I don't need, but 90% of the time I have resisted temptation. Maybe I'd feel different if I was head over heels...??

I am head over heels (most of the time :rotfl:) with my OH and I wouldn't do it for him! I really wouldn't. Luckily he has no debt and has become a great saver since he met me lol.

I'm the same as you, it's taken me a lot of time and effort and sacrifice to save and I would be really aghast at the thought of having to put all that on hold and sacrifice sooo much money (possibly for years!) to help pay off someone else's debt. There is also the sacrifice of not being able to buy a house for years because of it, and your freedom would be restricted.... no, no, no. It would give me nightmares. I have never been in debt and never want to be.

Batchy

tara747 wrote: »

I am head over heels (most of the time :rotfl:) with my OH and I wouldn't do it for him! I really wouldn't. Luckily he has no debt and has become a great saver since he met me lol.

I'm the same as you, it's taken me a lot of time and effort and sacrifice to save and I would be really aghast at the thought of having to put all that on hold and sacrifice sooo much money (possibly for years!) to help pay off someone else's debt. There is also the sacrifice of not being able to buy a house for years because of it, and your freedom would be restricted.... no, no, no. It would give me nightmares. I have never been in debt and never want to be.

So someone who has 20k of debt but earns £50k a year would give you nightmares...

You would prefer some who had saved 10k over 5 years and earns 15k per year?

or just the same 50k earner with no debt and 100k of savings! lol

I_want_a_baby

Hi all,

It wasn't easy I can assure you. My DH is an absolutley wonderful man but WAS very silly with money.

I met him when I was 17 was best friends with him for a year and then we starting going out. After another year passed we made plans to move intogether and then the truth came out. All that money had been spent on his beloved car, holidays and going out :mad:.

We had many discussions where the end result was my way or the highway! He took the IVA out just before he told me as he was saying im in trouble but I have sorted it out. And I was able to prove just how wrong he was. When we lived together we both had quite good & well paid jobs (about £40k between us per year), we ate only basics food, had £25pm between us for going out and doing things and the rest was bills and debt. I always told him if he wanted to keep me and my help to pay it off I would be in complete control of the money and he has always said yes and meant it.

We are now happily married with a child. He is the most wonderful father and husband, helping with night feeds, around the house, fantastic with my family including my father disabled with MS, helped me through many difficult family experiances etc.

I have organised the finances, we now have no debt, hp, cards anything, we own both our cars outright (combined value £5000), we have £6000 in a bill account so all bills/christmas/holidays etc are saved for), we have £10,000 for a house deposit, £3000 emergency savings and are able to afford for me to be a SAHM.

At the end of the day I loved my husband and could see that we would be together forever, he would be a great dad etc. In a way it has been a blessing in disguise. We now have £25pm each for our spends and £30pm to go out, a little treat called sky+ and we feel rich lol its true! This site has taught me about tesco rewards for dvd rental/going out, ebay for second hand stuff (2 sofas and a chair in green leather immaculate under £100 for all), we have bought solid lastign furniture with out wedding & engagment money we feel blessed.

I was just lucky my instinct was right about him, he could of easily let me pay it off and left me I suppose :eek:.

There is my life story - I can't believe no-one would have done the same thing. I would do it all again in a heartbeat.

Stacey xx ...off to change login lol I got a baby now!

I_want_a_baby

I would just also say that I was brought up very strictly to never have debt so was horrified when I knew! It appears that his parents NEVER spoke to him about money and he was just living the high life with no consideration to the fact that A it had to be paid off and B he might want to move out & settle down one day.

We had many talks about it (never argued once) and once we decided to pay it off asap (ended IVA 1 year early with me getting a 10k loan in my name over 1 year so his credit score would be better sooner) that is what we did. We have never argued about money since.

My financial savvy has rubbed off onto him now lol, he came back from the supermarket the other day laughing as he wanted to buy 4 x stella with his spends but when he saw the price of basics larger he couldn't part with that much money and so bought the basics stuff lol.

ETA - I desperately wanted to own my own home so in my mind the sooner we got rid of his debt this could be achieved. Just like his debt was mine back then, his earnings are mine now, there will never be arguments when Im a SAHM as we are a team not individuals. As it happens his parents may end up gifting us a 1 acre piece of land which we could try and get planning on so I may just get my wish. Our savings will either be used as a deposit or towards cost of build :-)

jen_1985_04

You are a star! I could never be that generous...

shrewsaver

A late update for 2009 - My final savings as at December 31st 2009 stands at £14,713.73.

This was £286.27 short of my target! Very happy to have got that far but also dissapointed that I was just that little bit short.

rictus123

Well what im saving for will eventually be part of a house deposit, im looking at getting a lot of cash before even thinking of moving out, give myself a good cushion "just incase" so i never struggle to make payments, sort the car, washing machine and can afford the heating at this time of year. I dont really know how much to aim for really. The deposit i save will go with my gfs for our own place so wont need as much as some.

hostie1985

hi everyone! everyone is doing so well with the savings!

shrewsaver - well done in saving so much money! are you thinking about buying soon? or are you going to save some more?

rictus - its good that your thinking about have a little extra money on the side for a rainy day/cushion.

Wishing everyone a fab 2010 year of savings!

hostie

xx

[Deleted User]

Another £12.50 added to my savings so doing OK! Total in my signature!!

Alizarin

Wow, I can't even remember the last time I posted on this thread! I'll lie and say that I was so busy saving money that I didn't have time! (Real reason being exam revision and Christmas, which turned out slightly more expensive than budgeted for, but not by too much).

I didn't make my end of 2009 target of £3000 (10%) unfortunately. My current savings are £2900 (9.67%) and I'll hit 10% on 10th Feb when my usual £100 goes into my monthly saver.

I'm going to set a target by the end of 2010 of £6000 (20%). I don't think this is achievable as I'll most likely move house this year, but I'll try my hardest!