The 'We're saving for a deposit' thread

stqueen

I have followed this thread for a while now - I would like to join in!

I am saving my half of the deposit my partner and I will need to buy our first house together. Our aim is to buy in early 2013 :T

He already has around £10,000 saved in the form of shares, and we are aiming for £35,000, which should net us a 20-25% deposit (I only want a small house).

We are saving seperately and plan to pool together at the end - aiming for £17.5k each. I will be checking in with this thread regularly to keep me on the straight and narrow!

Chimpofdoom

stqueen wrote: »

He already has around £10,000 saved in the form of shares

Bit of a risky way to have savings! Shares do go up as well as down!

I have shares (which I plan to cash in after my employers close period ends (if it's a decent enough price )), but I wouldn't be holding it for savings!

I also have a Save As You Earn scheme going with my employer but that doesn't get counted until it's cashed in! (2 years to go until that happens)

vl2588

Watalie wrote: »

Gutted

Car went in for 2 new tyres this morning... £150 already budgeted for.

It turns out it needs £1k of work doing on it now

Not a kwik fit special? Might be worth getting a second opinion on the work that 'needs' doing if so...

JimLad

vl2588 wrote: »

Not a kwik fit special? Might be worth getting a second opinion on the work that 'needs' doing if so...

Yes some garages (especially the likes of kwik fit and nationwide / halfords autocenters) like to tell you that loads of work needs doing when really you could safely run it without any work.

Simon11

I've hit my target and have £33,500 saved
Should increase nicely in the next couple of months with interest due soon and double pay next month as they screwed up my pay this month:)
Just got myself a job starting in 2 months after university, so life going well

Only issue, is that I'm wondering wheither to jump the net after starting my new job or stay at home, which is the easy life style and save more.

Svenena

Simon11 wrote: »

I've hit my target and have £33,500 saved
Should increase nicely in the next couple of months with internets due soon and double pay next month as they screwed up my pay this month:)
Just got myself a job starting in 2 months after university, so life going well

Only issue, is that I'm wondering wheither to jump the net after starting my new job or stay at home, which is the easy life style and save more.

Well done! That's a massive amount to save, especially while you've been a student.

tara747

Simon11 wrote: »

I've hit my target and have £33,500 saved
Should increase nicely in the next couple of months with internets due soon and double pay next month as they screwed up my pay this month:)
Just got myself a job starting in 2 months after university, so life going well

Only issue, is that I'm wondering wheither to jump the net after starting my new job or stay at home, which is the easy life style and save more.

Svenena wrote: »

Well done! That's a massive amount to save, especially while you've been a student.

Hear, hear! :eek: Wow. :T

Payday update from me soon... :D:D:D

Watalie

vl2588 wrote: »

Not a kwik fit special? Might be worth getting a second opinion on the work that 'needs' doing if so...

JimLad wrote: »

Yes some garages (especially the likes of kwik fit and nationwide / halfords autocenters) like to tell you that loads of work needs doing when really you could safely run it without any work.

:eek: Chaps please don't say that!! I'm hoping we haven't just wasted £1k but my OH works down south in the week so he had to go to a garage down there and not our usual guy.

kacie

Added another £100 to my deposit today, it's not as much as I would of liked, but I'm currently unemployed

tara747

OK, payday update (it is knackering trying to keep up with multiple accounts!!!):

I managed to save £1,274 in March (inc. £133 interest on one of my ISAs) so my new total is £46,917 woo hoo! :T:T:T:T:T Less eBaying this month, I was just exhausted by it tbh - endless packing/daily trips to the PO weighed down with parcels on top of a FT job were starting to stress me out a bit, plus I don't have a car so I need to be very organised about what I carry on the bike. I have cut back lately and am only listing a few things per week. The money is coming in more slowly but it's much more manageable! :):)

Also, this Tesco DTD thing cost me a few quid at the start but all the vouchers are now making it virtually free shopping! I am stocked up on lots of things so it'll save me £££s all year. And going to Tesco all the time keeps me out of Boots and the Body Shop. :rotfl:

Off to update my sig now. I am £8,083 from my end-of-year target and I reckon I'll exceed it, especially when the rest of my ISA interest starts coming in next month.

Keep at it, fellow savers, you are all doing so well xoxoxo