The 'We're saving for a deposit' thread

frugaliciousness

Hi, introducing myself here

My children are at school age now so come next month I can get back out into the world of work

We have survived ok on my husband's salary so any thing extra I can bring in will be going into the brand new pot labelled 'mortgage deposit'

Until that point i'll be saving anything and everything I can. It will be embarrassingly small though

redbull5

Signature updated - Should have alot more but i now like to have a good ammount in my current account so i dont panic when i need some money in an emergency. Also, when my money transfers to my regular saver and my first home saver i cant touch it so its away for at least a year which is good cause i spend whatever i have.

For the next few months im trying to save around the £600ish mark a month. Will be hard but im determind to have at least £8000 away in savings accounts by the end of the year. Im on a mission.

Keep going guys, hope everyone reaches their targets.

J_i_m

My rental deposit has just cleared back into my bank account, £600 of which I have put straight into my mortgage fund. I should have perhaps put it all in there, but I've been planning all year to treat myself to an iPad. /waits for hoards of high horsed savers to tell me that I ought to be living on cold beans on toast if I'm saving.

nPower owe me some money as well, though they're dragging their heels I won't let them forget about it. Council tax may possibly owe me a slight rebate as well.

Only £23899.86 of my target to go :T

jhxmt

Well, payday has finally rolled round. Had an expensive month this month (multiple utility bills, half of a late council tax payment that my flatmate forgot about, and train tickets to go and visit some friends last weekend), but still managed to get to the end of it with £250 in hand, which has now been whisked into my cash ISA. Hopefully next month will be a little more flush and can put more aside!

tara747

slowlyfading wrote: »

tara - that's an amazing amount saved :j

Thanks *blush*

quintwins wrote: »

wow tara if i was that close i'd find £65 from somewhere, it was in postadown tara it's acually a pretty good area now, however i used to live there as a little girl and there used to be alot of trouble saying that we lived there for 3 years before we moved here and it was nice and quiet and never any trouble, however the house had no garden at all and needed alot of work, wouldn't be my dream house by any stretch but for £7k you'd make do lol

LOL @ £65! :rotfl:

Yes, for £7k you would be tempted eh? :cool: We are still on the lookout but haven't seen anything that represents really good value yet in the area that we want. Still, no rush!

bodmil wrote: »

Well done Tara. I'm back on the saving road again, £62000 now, managed to get together £1250 on the nose for July despite quitting my big paying job. Temping for now but I'm really happy I can keep up saving. I'm really hoping to get a perm job soon and then think about locking things away for 12 months in a final run up to really buying something!

Thanks bodmil! Hope work comes good for you soon.

I am hoping to save about £1,000 in August but have a couple of flights to buy (flying is getting so darn expensive!), so we shall see...

vl2588

J_i_m wrote: »

/waits for hoards of high horsed savers to tell me that I ought to be living on cold beans on toast if I'm saving.

You enjoy it mate, everything in moderation, dare I say it, even saving!!

J_i_m

Oh, I just found another £300 floating around in my utility account which is not needed for anything, so into the savings it goes.

lazer

Payday update for me

Bank Account had £39.88 remaining this month so moved to savings, together with £800 from this months pay.

Brings total deposit savings to £18,989.88!! (Hopefully interest payable on 1st will take this over £19k)

I have had an offer accepted on a wonderful house, and this is enough for 15% deposit - so now i'm onto furniture/contingency saving (depending on how much fees are etc)!

Unfortunatley the replace brake pads light came on in my car this morning so there will be some expense there, but have £250 in the "car" fund to cover such as expense!

bodmil

Cheers Tara, signed contracts for a new perm job this morning in fact. Will only miss out on 1 weeks pay so not a bad transition to management. Had to take a 10k pay cut but I should recoup that and more in a few years. So I'm moving out and going to start paying bills but hope to save at least £750 a month to keep the deposit fund ticking over. Hoping to get a decent pay rise in 12 months and have opened a West Brom account, so maybe next Xmas I'll be in my own home!

Rahven

Congrats Lazer!