The 'We're saving for a deposit' thread

JimLad

redbull5 wrote: »

Another £80 saved from yesterdays paypacket.

Got car mot and insurance this month so thats why it is so low. Gutted.

Keep going guys.

Cars are a massive drain. I have new tyres this month, Insurance next month and then the cambelt is due in the summer! Sad times

rictus123

I think oldish vans will be the way for me for a few years...wont lose too much value and can sell and buy without doing much work on them. No matter what happens with my wealth i will never ever buy brand new.

Marvel1

After some time sorting out my accounts, setting up standing orders, and using Excel, I have made my first saving towards my holiday for Amercia - £500.00.

I'm hoping to save £50 at the end of the month out of the £218 I have left at the start of the month after bills.

JimLad

cjdavies wrote: »

After some time sorting out my accounts, setting up standing orders, and using Excel, I have made my first saving towards my holiday for Amercia - £500.00.

I'm hoping to save £50 at the end of the month out of the £218 I have left at the start of the month after bills.

Gotto love Excel! Im addicted to arranging my finances, making budgets and doing forecasts using it

Svenena

I sometimes think I should get rid of my car. I worked out it costs around £1000 a year, all in, which could go towards my savings if I sold it (plus the money from the sale), but even though I really don't need it, and don't often use it, I can't bear to get rid of it. It's so reliable for an old car, so it seems a shame to get rid of it, when I might not be so lucky next time. It's so handy for long journeys, or if I need to move heavy stuff about.

My tax, insurance and MOT are all due over the next couple of weeks, but I've been putting money aside for them every month (separate to my deposit pot), so I hope I'll be able to cover it. I haven't been doing it for a full year though, as I only started saving a few months ago, so the pot isn't as big as it will be in future years. So I hope it's going to cover everything, otherwise I'll have to dip into another pot of money. Really depends what happens with the MOT, so fingers crossed!

Marvel1

JimLad wrote: »

Gotto love Excel! Im addicted to arranging my finances, making budgets and doing forecasts using it

I know that is what I have done, I started off with 1 tab of monthly outgoings which was set-up a over a year ago and now after arranging it I have ended up with 6 tabs, it's really useful.

JimLad

cjdavies wrote: »

I know that is what I have done, I started off with 1 tab of monthly outgoings which was set-up a over a year ago and now after arranging it I have ended up with 6 tabs, it's really useful.

6 tabs! Blimey i have 3. What do they all show?

Mine are My monthly outgoings, The totals of all my savings each month, and moving costs.

rictus123

Svenena wrote: »

I sometimes think I should get rid of my car. I worked out it costs around £1000 a year, all in, which could go towards my savings if I sold it (plus the money from the sale), but even though I really don't need it, and don't often use it, I can't bear to get rid of it. It's so reliable for an old car, so it seems a shame to get rid of it, when I might not be so lucky next time. It's so handy for long journeys, or if I need to move heavy stuff about.

My tax, insurance and MOT are all due over the next couple of weeks, but I've been putting money aside for them every month (separate to my deposit pot), so I hope I'll be able to cover it. I haven't been doing it for a full year though, as I only started saving a few months ago, so the pot isn't as big as it will be in future years. So I hope it's going to cover everything, otherwise I'll have to dip into another pot of money. Really depends what happens with the MOT, so fingers crossed!

Well if your thinking about getting rid, why dont you sorn the car and not renew insurance and keep it off the road without mot for a few months to see if you can cope without it....this will also allow you to put a bit more money into the pot that covers that expenses!

I had a spreadsheet all set up and used it jan and feb then my comp crashed and i lost all the info...

Marvel1

Svenena wrote: »

I sometimes think I should get rid of my car. I worked out it costs around £1000 a year, all in, which could go towards my savings if I sold it (plus the money from the sale), but even though I really don't need it, and don't often use it, I can't bear to get rid of it. It's so reliable for an old car, so it seems a shame to get rid of it, when I might not be so lucky next time. It's so handy for long journeys, or if I need to move heavy stuff about.

My tax, insurance and MOT are all due over the next couple of weeks, but I've been putting money aside for them every month (separate to my deposit pot), so I hope I'll be able to cover it. I haven't been doing it for a full year though, as I only started saving a few months ago, so the pot isn't as big as it will be in future years. So I hope it's going to cover everything, otherwise I'll have to dip into another pot of money. Really depends what happens with the MOT, so fingers crossed!

I always think this myself, as I use the work's bus and saves me a fortune in petrol. Then I find it very useful when I need to finish work early and take the car, going food shopping, it was used to pack my stuff when I moved house and other things.

I too put money away each money month for insurance and tax. But I didn't do this for MOT which is due next month, so I will start April 1st. I was putting £10 away for tax a month, it's due October and as it's now gone up to £165, I have set it up for £13.75 a month.

Marvel1

rictus123 wrote: »

Well if your thinking about getting rid, why dont you sorn the car and not renew insurance and keep it off the road without mot for a few months to see if you can cope without it....this will also allow you to put a bit more money into the pot that covers that expenses!

I had a spreadsheet all set up and used it jan and feb then my comp crashed and i lost all the info...

Thanks for the reminder, I'm off work tomorrow and was going to back-up my files, I should do this monthly, my last one was December.