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The 'We're saving for a deposit' thread

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Comments

  • hostie1985
    hostie1985 Posts: 220 Forumite
    SG27 wrote: »
    I agree it's so annoying that savers get shafted! I just wish interest rates would rise!


    Saving is definately addictive, but when I do get a place of my own, most of the money I have saved will disappear.

    I wish interest rates would rise too.
    Saving for a deposit for a place of my own.....
    :jSavings so far £29,450/£40,000:j 73.6% SAVED!!!
    1poll £23.90/£40.00 (claimed 1x£40)
    No Monthly Car Payments left! Paid off on the 5/11/10!
  • HouseHunter2010
    HouseHunter2010 Posts: 74 Forumite
    Second last update of the year and I'm 95% of the way there! So so chuffed to even be at this stage, so fingers crossed I break the barrier by the end of the month :j
    Deposit Saved -> £25000 Target -> £25000
    100% of the way there :j
    Target Date -> 31/12/2011
  • Raggs_2
    Raggs_2 Posts: 760 Forumite
    Tenth Anniversary 500 Posts Combo Breaker
    Just had a pleasant surprise.

    Although it doesn't make any real difference to the end result, the exchange rate has dropped from 6.5 to 5.35 for us, so that's a 17.7% increase in savings!!! Now to pray the rate stays for the next few years...

    Beginning to wish we hadn't locked the bulk away in a high interest rate here, should have exchanged it and saved it in the UK.
  • Funkygibbon
    Funkygibbon Posts: 376 Forumite
    Just an update. Our situation has changed a lot since my last post on here so it looks like the house buying isn't going to be in May! Looks like it is going to be March 2013!!!!!
    Which means that the deposit target has been set at £35,000.
    Currently have £9,000 saved.
  • louby_lou
    louby_lou Posts: 277 Forumite
    Part of the Furniture Combo Breaker
    one of my friends told me yesterday that he put down £57k deposit on his £200k home. my jaw nearly hit the floor!
  • slowlyfading
    slowlyfading Posts: 13,429 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Oh my gosh, one can dream!
    Be who you are and say what you feel because those who mind don't matter and those who matter don't mind.
    Personal Finance Blogger + YouTuber / In pursuit of FIRE
  • louby_lou
    louby_lou Posts: 277 Forumite
    Part of the Furniture Combo Breaker
    im hoping for about £22k at best! absolute amazing unrealistic best!
  • tara747
    tara747 Posts: 10,238 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    louby_lou wrote: »
    one of my friends told me yesterday that he put down £57k deposit on his £200k home. my jaw nearly hit the floor!

    OH and I hope to have around £75,000 between us by the end of 2011. :) It doesn't seem like real money sometimes :o, and we will never get to see it if it goes on a deposit iykwim. Sometimes the temptation to splurge is overwhelming!!!!
    Get to 119lbs! 1/2/09: 135.6lbs 1/5/11: 145.8lbs 30/3/13 150lbs 22/2/14 137lbs 2/6/14 128lbs 29/8/14 124lbs 2/6/17 126lbs
    Save £180,000 by 31 Dec 2020! 2011: £54,342 * 2012: £62,200 * 2013: £74,127 * 2014: £84,839 * 2015: £95,207 * 2016: £109,122 * 2017: £121,733 * 2018: £136,565 * 2019: £161,957 * 2020: £197,685
    eBay sales - £4,559.89 Cashback - £2,309.73
  • slowlyfading
    slowlyfading Posts: 13,429 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    That seems like such an unreal amount of money!
    Be who you are and say what you feel because those who mind don't matter and those who matter don't mind.
    Personal Finance Blogger + YouTuber / In pursuit of FIRE
  • tara747
    tara747 Posts: 10,238 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    slowlyfading wrote: »
    That seems like such an unreal amount of money!


    I know, it is hard going sometimes and you do have to make sacrifices here and there... but we are lucky that we are both on decent salaries and able to save while still having a life. :)

    Seeing house prices dropping so much is a fab motivator!!!! :T
    Get to 119lbs! 1/2/09: 135.6lbs 1/5/11: 145.8lbs 30/3/13 150lbs 22/2/14 137lbs 2/6/14 128lbs 29/8/14 124lbs 2/6/17 126lbs
    Save £180,000 by 31 Dec 2020! 2011: £54,342 * 2012: £62,200 * 2013: £74,127 * 2014: £84,839 * 2015: £95,207 * 2016: £109,122 * 2017: £121,733 * 2018: £136,565 * 2019: £161,957 * 2020: £197,685
    eBay sales - £4,559.89 Cashback - £2,309.73
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