The 'We're saving for a deposit' thread

VickyA_2

We're having to revise our deposit saving target........ If we want to have a semi-decent mortgage rate on a semi-decent house then I've read that some mortgage lenders want 25% deposit. In our area, that means that we have to save £40k. I'm sure that we can do it, but our target has been revised upwards over night by £10k!!!!! :eek: And we're only half way there......

Muhren

Just got paid around £300 in expenses so thats all going in the pot. It seems slow going but it all counts!

EagerLearner

Neas tell me more about the cashmere savings as I'd love to get one but don't want to pay full price?

Well done jamtart - hope it goes ok for you and you get it for a good price!

We were hoping to buy in Spring but the housing news gets gloomier and gloomier. Still we will continue at around £1,000 a month and keep fingers crossed. If nothing else, it's nice to have the deposit there in case things worsen - ie: redundancy etc. But with luck next year we can buy, it's good to have this thread with like-minded people who want the same.

^!£$&

Omg am soo soo happy didnt think I was going to make my £10,000 goal this year since I've had car trouble & expense and I am Single so only have the one salary to support my savings but I unexpectedly received some £ from a family member, and have now exceeded my 2008 target albeit only by £300 but every little helps!

neas

EagerLearning it was a combo thing that i found out from here and paidtoshop.

Essentially here are the details:

2xCashmer jumpers original RRP £40 each (£80)
Less 'Reduced to £25 price offer at tesco' (Total Cost now £50)
Less Tescos 'All clothes 20% off last weekend' (Total Cost now £40)

SO with offers on they were already half price during last week (think they still at £25 now as 20% off all clothes ended)

Now here comes the really clever bit:

I used:

1x News of the World 'spend £30 at tescos get £5 off' (total cost =£35)
1x Tesco Spend and Save coupon 'spend £30 get £3 off' (total cost =£32)
1x £10 off when you spend £40 on clothes at tesco (SUN coupon) (total cost = £22)
1x Neas' Set of coupons (worth around 17 quid) (total cost to pay =£5.71)

Couponing, every little helps .

EagerLearner

Wow! I aspire to that level of savings It shows that although every little helps, keeping your eyes peeled helps too :rotfl:

I think that overall MSE has saved us £2,500 in 2008 alone, so as much as possible of that has been saved and squirreled each month towards the deposit. On the weekend I will see what we have 'left' and then place that in savings too, before the joint account gets 'replenished' via standing order.

VickyA_2

I got paid yesterday, so a little more money was siphoned into my ISA. That's still the difference between what I was paid per month before my payrise and after......

DH keeps promising to top up his ISA, but to date that hasn't happened. :mad:

Edited to say: DH has just thought (before I typed the above, apparently :rolleyes:) that he'll have a shower and THEN top up his ISA! :beer:

EagerLearner

The power of thought eh He clearly got the signals :beer:

Another £60 left over in the joint end of Nov, which has gone into the ISA. Then £500 as normal went in yesterday.

That means both ISA's are now full bar a few hundred. So next month will have to find a new home for the usual £500. Can't wait until April! :T

lostinrates

I AM ABOUT TO SCREAM.

HAving spent that horrific amount on the car it just went back for its MOT and th head gasket(?) has gone. £800 or a nearly new car???

Goodness knows I wish I was like you guys who are able to reasonably assess a banger: I'm just not, I drive alone a lot and feel that I need reliabilty as a lone female.

AGRH.

I suppose I sorn today (tax due) and make the decision through the week.

before_hollywood

hey guys, my savings are up to about £10k now, wondering when to take the plunge and start looking at places (as in physically going rather than just looking on rightmove lol)