The 'We're saving for a deposit' thread

Jackies

quintwins wrote: »

sadly not looks liek i could ahve done with a bigger buffer i'm down to £100 and we still ahve £40 of desil and £45 for tesco to come out that i can think of (altho i do think thats it) we def need a few quiet months from now on, on the plus side i have most of my xmas shopping done, £200 should finish it, and £70 should finish off the kids uniform so hopefully no more big spends for a longtime

don't worry - we all ahve lean months on the saving front.....you just make up for it on other months

ShelleyC_2

quintwins wrote: »

on the plus side i have most of my xmas shopping done

:eek: thats just showing off!!I'm so jealous I always end up running round at last minute and spend more than I want to.

In fact you've inspired me. I have holiday coming up and I will try and do some Chrimbo shopping - thanks :T

quintwins

Jackies wrote: »

don't worry - we all ahve lean months on the saving front.....you just make up for it on other months

i think the problem is me i keep spending it hubby informed me yesterday he's getting a payrise (not a huge one) altho i think it will just lower our tax credits so i might not benefit much but atleast it will look better on paper

ShelleyC wrote: »

:eek: thats just showing off!!I'm so jealous I always end up running round at last minute and spend more than I want to.

In fact you've inspired me. I have holiday coming up and I will try and do some Chrimbo shopping - thanks :T

lol i buy all my smellies in jan in boots, then i buy stuff threw the year, i sorted my youngest out with the mothercare glitch on happyland, i got the older 2 a whole load of art stuff and a few amazon deals, there getting a t.v so we want to get it as late as possuble to make the most of the waranty, my sister works in debhenhams so i can get stuff with her discount (like the 3 packs of socks i just got for 80p which is cheaper than primark ) and my mum works in h.samuels so i also get her discount on ornaments,i do alot of planning but it means we get lots of really good gifts but they only cost around £400 for everyone where as i could easily spend that on my kids without offers, then if u soend around £50 on close family memebers there my mum,bros,sister,oh's mum,oh's dad,oh's sister,oh's bro it soon adds up

also i hate shopping in decemeber, it's cold wet and busy and i swear they bump the prices up on food for xmas aswell

jhxmt

Hi all,

Guess I'll throw my hat into the ring as well, now I've convinced myself that I am actually saving for a deposit!

I'm currently renting (as a lodger) in central London from a friend, and feel that I want to build up enough funds to, in a few years, put down a deposit on some type of property.

Unfortunately, being in central London, this means I'm either going to be saving until I'm old and grey, or 'some type of property' will end up being a storage locker and a sleeping bag! But oh well, I can dream!

Current savings are around £9k. Flat prices for a two-bedroom, which I'd ideally like, are around £250k-£350k. At 90% LTV, I'd need a deposit of £25k-£35k. At a more comfortable 80% LTV, I'm looking at £50k-£75k. :eek:

So, I may need to downgrade my ideals. But until then, I'm planning to put away (hopefully) £500 a month, which should get me to £25k within 32 months, ish. Then time to take stock again. Hopefully I can speed this along by being frugal and putting extra money aside where possible!

FCRangers

Think I'll start,
We've just paid and closed our last visa which is a very nice feeling. Now the next long hall begins, me and my girlfriend would like a new house, currently live in a maisonette flat but would like to move to a house with a garden and a back door. I'm almost 27, oh is 26 and we've got a 6 month old child and a cat. Currently we have 800 a month after every possible bill or expense so hopefully we can save at least 700 a month depending on any extra things that come up like friends weddings or treats. Hoping for about £20000 deposit and hopefully buy around the £150000 ish around Chorley Lancashire.

lazer

Updated signature - I know its small but another £10 added - lottery win!

Still hoping to break the £17k this month pre payday (Have a festival this weekend)
I have built up a £142cc spend this month - although am owed £60 for this, £50 is petrol, which I always pay a month in arrears so in reality it is only £32 cc spends! I'm getting much more stringent
Want to clear the £32 from this months remaining money (£200 - and still have a week to go)

[Deleted User]

FCRangers wrote: »

Think I'll start,
We've just paid and closed our last visa which is a very nice feeling. Now the next long hall begins, me and my girlfriend would like a new house, currently live in a maisonette flat but would like to move to a house with a garden and a back door. I'm almost 27, oh is 26 and we've got a 6 month old child and a cat. Currently we have 800 a month after every possible bill or expense so hopefully we can save at least 700 a month depending on any extra things that come up like friends weddings or treats. Hoping for about £20000 deposit and hopefully buy around the £150000 ish around Chorley Lancashire.

Welcome to the boards.

Well done on paying off your cc's.

And good for you moving straight from debt repayment to savings - if you've been used to paying extra out (to pay debt) it'll be much easier to save - you'll not miss what you never got used to spending.

Good luck in saving for your deposit

D9

LondonBoy

redbull5 wrote: »

Well done for paying the holiday off in one go. And saving all that in 1 year is excellent. It would appear that you know how to money save already as you have done a great job. Keep at it.

The side business, share any details, selling products?

We were buying things in sales and re-selling when the prices rose again. I was buying at 50-75% of RRP and selling at 100% RRP come Christmas. Some things went for 125% of RRP if put on auction.

This scheme worked well however its ties all your money up, you need a large room or garage to run it from (our space has gone), you need to know the market place, you need to spot trends, you need to gamble on some items and be prepared to take a hit and finally you are very busy at Christmas and dead the rest of the year.



The best deal i did was buying 50 Ant farms for £3 each and sold them for RRP of £20 each 11 months later. I knew to buy them as my brother brought one the christmas before for £25 so i knew they would sell.

My primary product isn't selling well at the moment so i'm taking a break till the nearer christmas

Jackies

£800 saved this month

cassie46

Were doing first ever carboot on sunday, pricee everything up and totals about £700 so would be nice if we could sell it all