The 'We're saving for a deposit' thread

samtoby

How much has he managed to save?x

eviekins

He's saved about £8000. £5000 of that was given to him by a relative, and I put that straight into an ISA for him last year. It's frustrating because he earns more money than me but just spends, spends, spends! If it wasn't for me nagging him about saving he would most definitely be skint every month. Men eh, grrr!! :P

MandM90

eviekins wrote: »

He's saved about £8000. £5000 of that was given to him by a relative, and I put that straight into an ISA for him last year. It's frustrating because he earns more money than me but just spends, spends, spends! If it wasn't for me nagging him about saving he would most definitely be skint every month. Men eh, grrr!! :P

Sorry to pry, but is the plan to put in 50/50 for the house?

Are you going to make sure you don't put in much more and get burned should anything go wrong (ouch, I'm such a cynic :eek:) or are you both saving as much as you can towards a joint target?

quintwins

i agree when you have a mortage are you gonna be saving every penny and overpaying (mse is addictive most of us will prob ne in mfw) while he spends all his money and yet hell own half a house you paid most of should anything go wrong, im married and it's very much a joint effort even if i do all the planning

had to raid my savings of £100 to lend my mum, should hopefully be a short term thing, i took £150 as i have a standing order for £50 and rather than cancel it and set it up again i just transfered £150 so it will balance out on monday, i need to pay my creditcard bill (in full ofcourse ) on monday so won't be saving my usual £50, theres some xmasy type spends on it so more than usual

eviekins

I know, my thoughts exactly The plan was 50/50 yes, but I don't really see him getting close to catching up with me. Hence my little moan about him on here!

aliclaire

Been reading this thread with interest and also to build up the motivation to save up a deposit.. we are looking to buy our second home, just about out grown our first. 2 boys graowing fast and really need their own spaces and i'm reluctant to give up my study! We've looked at houses in the area to get an idea of prices and looks like we need to spend around £150 - £170k. Ideally we would like to be moving in 12 - 18 months so we have some serious saving to do over the next few months! We are aiming for a 25% deposit and have approximately £20K in equity.
Our grand total saved so far is...... (drum roll please)..... £264!!!!!!!!

Monthly updates to follow...

debrag

Can I take a mortgage out in my own name or does a mortgage company take partners/husband etc income into it? what happens if one hasn't got say 25 years left of working life to go, will they look at pensions?

Nichelette

debrag wrote: »

Can I take a mortgage out in my own name or does a mortgage company take partners/husband etc income into it? what happens if one hasn't got say 25 years left of working life to go, will they look at pensions?

You could take out one in your name provided your income covers what you need to borrow. They will look at pensions if necessary...

I got paid yesterday so added approx £700 to my ISA. This month will be tight...

Joyce_M

Hello all,

Just under 2 weeks now until pay day, I'm obsessed by saving!

Not sure how council tax payments works in other areas, but in my area I pay 10 payments by direct debit a year, meaning I get 2 tax "free" months a year (Feb & March), so I'll put that aside along with the usual £300 plus anything left in the account at the end of the month.

We spend quite a lot of money on food and drink (I honestly can't leave work without buying something!) but I've been using up stuff in cupboards along with nectar rewards for essentials, think I've spent £50 on groceries since new year, which is quite good for us.

Hoping I can have a couple of hundred left over to really get 2012 off to a flying start!

What things are you guys trying to save a few more pennies?

samtoby

I am doing car boots I have been going through old stuff to decide whether I really NEED it. I am proud of what I have achieved from being tight with my money and only buying essentials. I hate ebay so won't be doing that.x