The 'We're saving for a deposit' thread

bopsybunny

I can't wait to finish saving and buy a house. Not even 'I can't wait' in an excited way, more 'I can't wait for this to be over'. I think about my savings so often it's starting to feel much less exciting, and more of a drag. Just looking for the next payday, so I can see how much I've saved that month. It's got to the point that I hesitate making plans as I'm worried about saving less one month than the previous even if it's just a few pounds. I don't have a particular reason to be in any rush, I just really want to get there...:(

WodaSodowa

GoingOn30 yes it was great news. Our seller wants to complete mid-June so we need to apply asap. We have everything sitting ready except last year's accounts. Accountants are digging their feet in and said that they will have it ready for us around 10th of June. I'm worried that we will loose the house because of it...

mylastpound MFW board is so inspiring, isn't it? We chose a cheap house and mortgage term of 19 years instead of 25 so I feel like I'm already doing something towards mortgage freedom

bopsybunny you need to really relax my dear :bighug: I know it does feel like forever to save all of that money but you need to make sure that you live a bit as well.

tara747

Belated April payday update (I couldn't get into my TSB account)!

I saved £399 in April. That's £3,777 so far in 2018, and £125,510 overall.

:beer:

lildoonbuggy

Bopsybunny, I can entirely relate with you. I had been feeling the same way but after a few cheap-ish weekend trips to the mainland, I am feeling very settled again. My theory is, if you focus on just one thing nothing else seems important anymore and it becomes a borderline obsession. I was like that and felt depressed each month because at the end of the day even with scrimping and saving I was still looking at this big mountain. Budget travel has recentred me and allowed me to find joy in other things. You might have something else that inspires you, but the trick is it has to be something that gets your adrenaline and brain going just like house savings does. Then life is just as nice whether you are in rented or your own accommodation. Otherwise it becomes hard looking at all these houses that realistically you would be visiting or offering on, but your hands are currently bound. Do feed back if you find something that has made it better!

WodaSodowa, would be pleased to hear from you too on how things are progressing/what the experience has been like.

diggingdude

tara747 wrote: »

Belated April payday update (I couldn't get into my TSB account)!

I saved £399 in April. That's £3,777 so far in 2018, and £125,510 overall.

:beer:

I would have to log on and look at that balance every day

WodaSodowa

tara747 your balance as always is so impressive!

lildoonbuggy I'm definitely going to stay here until completion Our nightmare with accountants got sorted- our broker talked to Natwest and they were happy to take our numbers for 2015-2017. Today we got official mortgage offer! So exciting!
One tip I have so far for you is: get a good mortgage broker. The girl we went with is constantly on the ball, chasing everybody, sorting everything out and updating us as soon as. One of my friends is buying a house right now as well and her broker doesn't really update them or explain too much and it makes the process really stressful. I'll be recommending our broker to everybody as she is heaven sent

bopsybunny

lildoonbuggy thank you for the advice, I definitely need to find a hobby! We're making plans for holidays/travelling but it's all for next year, by which time we'll already be in our house. I used to do a lot more when I was a student and when I first started working; I wasn't bothered about saving, as I had very little. Now I'm paid fairly well, I actually spend less on myself. I would say there are times that the whole house buying thing has become a bit of an obsession. My boyfriend actually went through our expenditure months ago and we estimated with nights out, breaks, treats, etc, we could still save around 700pcm but in reality we're saving 1000pcm. Maybe I should loosen my purse strings! (BUT we saved £1156 this month :shocked:)

lildoonbuggy

Bopsybunny, sounds like you're doing great, well done! That is a mammoth feat and I know where you're coming from as I'm in a similarly fortunate position. I do feel it almost fires you on because there's enough disposable income that you feel you can speed things up by knuckling down further. Although it does of course make the savings come faster, it's not nice living like that and still being so far from your goal. To break it up, I'm factoring in 'spend' months where I have a higher budget to coincide with other events and occasions going on. It also means I feel less stressed and more appreciative of spending money, knowing I'm 'entitled' to it. Plus, you are obviously working very hard to have such a good job so treat yourself as this will also reflect on your performance if you're happy and relaxed :-)

tara747

May payday update!

I saved £820 in May, which is £4,597 so far in 2018, and £126,330 overall.

:beer:

diggingdude

Well May was another good month, in addition to below savings had £40 paid out for cashback and surveys done on the bus. Also managed to squirrel another £250 away in April but will put them here

Last month's total £13121.22. Savings this month £1500 including £250 i didn't record last month. Put £100 into Skipton as i like seeing the small bonus come in.

Current Savings

Club Lloyds Regular 3% - £3125
Lloyds Regular 2.5% - £500
Halifax Regular 2.5% - £500
Virgin Regular 2% - 500
LISA Account 0.75% - £9,996.22

Target - £20000 April 2019 Total so far £14621.22