The 'We're saving for a deposit' thread

[Deleted User]

Well updated my signature for the last month - 53% of the way there!

Hope everyone else had a good saving month

D9

rictus123

Just put away an extra £103.20...so upto £846.08....cant wait to hit £1k...hopefully that will be this month then hit £2k by end of next!

At 42.3% of target for end of May 2011...at 4.23% of target for June 2013....Cant wait to get my payrise in July...almost double my earnings in summer and 1.5X my earnings in winter! Couldnt come quick enough!

James129

Thought I would post here. So far I have saved 12k as a deposit for mortgage. I have been saving almost 1000 pounds nearly every month. I was thinking about getting a house in Cardiff in couple of years time with 35k (20%) as deposit.

Recently I changed the job so commute to Caerphilly for work by train. Properties are so much cheaper(nearly half of the price) in Caerphilly compared to Cardiff so I am thinking about getting a house around 75k with 30-40% as deposit and then paying up the mortage in 4-5 years and then sell it and move to bigger house.

JimLad

James129 wrote: »

Thought I would post here. So far I have saved 12k as a deposit for mortgage. I have been saving almost 1000 pounds nearly every month. I was thinking about getting a house in Cardiff in couple of years time with 35k (20%) as deposit.

Recently I changed the job so commute to Caerphilly for work by train. Properties are so much cheaper(nearly half of the price) in Caerphilly compared to Cardiff so I am thinking about getting a house around 75k with 30-40% as deposit and then paying up the mortage in 4-5 years and then sell it and move to bigger house.

Welcome to a fellow James!

Sounds like you have it all planned out mate! You would also hope that in 4 or 5 years property prices will have gone up a bit so u might get a small profit for your efforts.

JimLad

Domino9 wrote: »

Well updated my signature for the last month - 53% of the way there!

Hope everyone else had a good saving month

D9

£400 for 4 new tyres and £495 for car insurance means I certainly wont be having a good saving month

ISA interest could be a nice little boost though!

rictus123

How much is your net interest Jim? Once i get upto £50 or so a month interest i can tell i wont want to go back to less than that! But il have to. Got a little part time buisness venture on the horizon for over summer....see how it spans out over the next few weeks and il keep use updated how im doing.

JimLad

rictus123 wrote: »

How much is your net interest Jim? Once i get upto £50 or so a month interest i can tell i wont want to go back to less than that! But il have to. Got a little part time buisness venture on the horizon for over summer....see how it spans out over the next few weeks and il keep use updated how im doing.

Between me and my girlfriend we should be getting about £400 in interest when it rolls over to the new financial year Its all in ISA's so no tax!

Whats the business? Let me guess....Mowing old ladies lawns? I did that one summer and it was very profitable

davem7

James129 wrote: »

Thought I would post here. So far I have saved 12k as a deposit for mortgage. I have been saving almost 1000 pounds nearly every month. I was thinking about getting a house in Cardiff in couple of years time with 35k (20%) as deposit.

Recently I changed the job so commute to Caerphilly for work by train. Properties are so much cheaper(nearly half of the price) in Caerphilly compared to Cardiff so I am thinking about getting a house around 75k with 30-40% as deposit and then paying up the mortage in 4-5 years and then sell it and move to bigger house.

Only thing I can think of there is you're going to incur stamp duty on the second property, so you might want to think about how much you'd be paying there :-)

ceh209

Hello again!

Just added £500 to my savings - I always wait till all my main direct debits have gone out after payday. Have also upped my target from 30k to 40k as 30k will be reached far too soon lol and then i'll just want to look for somewhere to buy!

Savings might take a bit of a hit the next couple of months (hopefully not reducing just staying the same) as I'm off on holiday to vegas and LA in May

redbull5

Just got my car insurance renewal quote, as im just turning 18 its at £1250. GRRRR no savings for me in the next few months lol