The 'We're saving for a deposit' thread

Buckey

Hi everyone! I'd like to join too! I'm currently at university so saving a large amount every month at the moment is quite hard but I save where I can! I'm aiming for about £10000 by the end of 2013 as I finish uni soon and will be working full time.

*Beki*

samtoby wrote: »

Your already doing the sealed pot challenge....fail my fault for not reading :eek:

No worries! I have only just signed up- it seemed another good way to save fairly easily! I already have lots of pennies and 2ps piled up which we usually take to the beach for the games on the pier

@MandM90 Thanks for the reply! I will def try and aim for 10k by the end of this year then We're not looking to buy a house just yet, and I would rather have a larger deposit (so smaller mortgage) so would probably want more than 10k in the long run, but it seems like a good place to start As far as other ways of saving, I'm a member of topcashback and always hunt out discount codes when ordering things online, and my partner and I car-share to work- trying to do the little things I can!

debrag

Some of you must have a big income or very low out goings. Our household bills come up to around £1000 a month then we have food, travel etc to add, though if we had 2 full time incomes coming in it would be easier plus we don't pool our money. I have £450ish left a month (not including 2nd/3rd jobs), my partner £200 ish. I plan once all debt has gone, around May this year to save £200 as deposit & £100 for emergencies/days out etc.

How best should I save? Transfer on payday or transfer say £50 a week?

vl2588

I would transfer asap to a higher interest savings account. Always keep some for emergencies though (although ISAs are usually instantly accessible you still don't want to ruin your yearly allowance by removing any of it!).

I save much less than you so don't feel too hard up

debrag

you must have been saving for years.

beckythemadcow

debrag wrote: »

Some of you must have a big income or very low out goings. Our household bills come up to around £1000 a month then we have food, travel etc to add, though if we had 2 full time incomes coming in it would be easier plus we don't pool our money

Both DH and I are "low income" (we are students so no benefits, but we both receive stipends / bursaries, and work extra when we can), but we don't spend much so we can save!

Our rent, all bills, food and travel (1 car) comes to just under £1k a month. Whereas you have to add your food and travel on top!

A big saving we made was by buying own brand food in the supermarket (Tesco Value chopped tomatoes in a spag bol - who knows!?) and planning meals so we didn't waste food.

We also don't go out much!

How best should I save? Transfer on payday or transfer say £50 a week?

Get it out of your account quickly so you CAN'T spend it!

vl2588

debrag wrote: »

you must have been saving for years.

Yes I have, all my life (I'm 30) and I have had a couple of big increases in recent years due to grandparents sadly passing on. I aim to save £200 per month and it is only since last October that I have regularly been able to improve on that as I got a new job. Slowly does it but I'll get there!

debrag

I think I'll plan on saving £200 a month and anything left over just before payday can go on it or just saving what I make from my 2nd job each week which is around £54, that would bring in more in a year plus then I'm not on such a tight budget. I'd also have my 3rd job which could bring in £60+ a week once I start.

debrag

beckythemadcow wrote: »

Both DH and I are "low income" (we are students so no benefits, but we both receive stipends / bursaries, and work extra when we can), but we don't spend much so we can save!

Our rent, all bills, food and travel (1 car) comes to just under £1k a month. Whereas you have to add your food and travel on top!

A big saving we made was by buying own brand food in the supermarket (Tesco Value chopped tomatoes in a spag bol - who knows!?) and planning meals so we didn't waste food.

We also don't go out much!

We eat sainsbury's basic alot. We don't go out much, the pub once a fortnight maybe spending £10, a meal here & there.

beckythemadcow

Sorry! Not much more I can suggest, they were the biggies for us.

Hmmm, let's have a think...

Look up TopCashBack if you don't use it. (People get paid to refer you so it's good to find a code on the referral board.) We got paid £35 for each mobile contract, and £80 for switching to npower when BG upped their prices. We have each accumulated over £100 for buying things we would have anyway (or for cashback on free trials - lovefilm etc)

We just recieved a free energy monitor from one of the links on this website, really interesting to see how much things cost - in particular the slow cooker (about 3p an hour), the kettle (40p an hour) and the shower (loads!)

Use Nectar points wisely - I use tesco but I imagine it's similar, we have had EuroTunnel tickets and several meals out with the clubcard vouchers - and Family Tree Maker software - all free things for us to entertain ourselves with.

Lastly, don't crash your car. That was a very expensive mistake!