The 'We're saving for a deposit' thread

butterfly72

Hi all, glad to see so many people doing well with their deposit. Bit of a slow savings month for me I'm afraid. I had 2 weeks off work and we went away to a nice hotel in the New Forest.. so a few hundred spent there. Then I went to my folk's house for a week and had to buy a new horse riding kit.. so that was £100 gone and my lesson was then £25 for half an hour!!:eek:

Someone at work is leaving so I'll have the chance to go part time very soon. But thinking about it I'm not sure now. It will be from 37.5 to 21 hours which is quite a drop in wages. Luckily I don't need to work full time but every extra I earn goes in the savings pot. We are doing so well with the savings and it would really slow it down. Also, I'm buying extra years for my pension so that will be effected too. Plus, we are trying for a baby so any maternity leave pay would be lower too.

But then I'm fairly stressed working full time as work is sooo busy. I'd like time to take up some interests. I want to cook and clean and look after my OH a bit. He works very hard too and has supported me for years with my nurse training and when I worked shift work. Or should I just plod on with full time and think of the financial benefit.. but lifes too short. Oh I don't know!!

JimLad

butterfly72 wrote: »

Or should I just plod on with full time and think of the financial benefit.. but lifes too short. Oh I don't know!!

Its a tough choice. I think you need to way up the pro's of each path. On one side you get to move into your own house quicker. On the other you get to have more free time.

If you dont take the part time role now, how long will it be until its avaliable again?

^!£$&

Had my isa interest applied for the year today, so thats £489 added to the pot!!

sapphireeye

Can I join in? I've been lurking for a while but have not taken part as my progress is going to be very slow compared to a lot of you but I'm very motivated at the moment so would like to join in! I currently only have £250 saved, have just opened a new ISA (2008/2009 tax year) because my ING one seems to be worthless at the moment. If it all goes wrong then I'll have next year's ISA allowance to work with! I can only afford to save about £150 a month at the moment as I earn about £1200 a month of which £265 goes on my train ticket to London, £250 goes on rent (living at home), £45 on car insurance, £200 on paying my dad off for my car (just sold my really expensive car as it was on finance and as I'm commuting I don't need an expensive car, so I now only owe £1000 instead of £4000!!) and £35 on my phone bill, it all adds up! My insurance has gone down a bit now I've changed to smaller car, my tax will be less, not as much fuel consumption etc etc. Also looking to change insurance providers in June as £45 a month with 4 years no claims on a 1.1 engine is waayyy too much, stupid Directline! Also, I'm looking for a better paying job that doesn't involve expensive train travel into London so I'll have more disposable income!

Anyway, I've gone off the topic about my plans to have more to save in the future! For the time being it's £150 a month plus whatever else I can scrape together - I've just made about £70 selling some clothes and bits on Ebay and I have about £60 waiting for me from cashback websites!

I live in the South East and there's no way I can get a mortgage on anything around here since a one bedroom flat goes at around £150,000 and I only earn £19,000 a year. I can't even afford a house boat or a mobile home!!! So I think I'll be saving as much as I can for a deposit and then looking to move elsewhere as anywhere (other than London) is cheaper than where I am now!

lostinrates

sapphireeye wrote: »

Can I join in? I've been lurking for a while but have not taken part as my progress is going to be very slow compared to a lot of you but I'm very motivated at the moment so would like to join in! I currently only have £250 saved, have just opened a new ISA (2008/2009 tax year) because my ING one seems to be worthless at the moment. If it all goes wrong then I'll have next year's ISA allowance to work with! I can only afford to save about £150 a month at the moment as I earn about £1200 a month of which £265 goes on my train ticket to London, £250 goes on rent (living at home), £45 on car insurance, £200 on paying my dad off for my car (just sold my really expensive car as it was on finance and as I'm commuting I don't need an expensive car, so I now only owe £1000 instead of £4000!!) and £35 on my phone bill, it all adds up! My insurance has gone down a bit now I've changed to smaller car, my tax will be less, not as much fuel consumption etc etc. Also looking to change insurance providers in June as £45 a month with 4 years no claims on a 1.1 engine is waayyy too much, stupid Directline! Also, I'm looking for a better paying job that doesn't involve expensive train travel into London so I'll have more disposable income!

Anyway, I've gone off the topic about my plans to have more to save in the future! For the time being it's £150 a month plus whatever else I can scrape together - I've just made about £70 selling some clothes and bits on Ebay and I have about £60 waiting for me from cashback websites!

I live in the South East and there's no way I can get a mortgage on anything around here since a one bedroom flat goes at around £150,000 and I only earn £19,000 a year. I can't even afford a house boat or a mobile home!!! So I think I'll be saving as much as I can for a deposit and then looking to move elsewhere as anywhere (other than London) is cheaper than where I am now!

Welcome, saving at your own pace, for your plan is what counts.

We have different ambitions and situations, and what is important is that you are doing this in the right way for you, so don't feel put off by others amounts. e.g.. we have quite a large pot, but plan to self build and start a business, so we hope to put all our cash into land, deal with some of the debt, get the business running smoothly THEN build a home, while living in a caravan or something, Thats not very traditional FTB :rotfl:

Dinah93

I've been following the thread for a while, only recently started to save, but don't mind me if I pop in from time to time to say hi. We're aiming at £40k over the next 2 years, have lots of charts and graphs to help us get there!

slowlyfading

just added £290 to my isa :j not as much as you guys, but every little helps!

oldMcDonald

Dinah93 wrote: »

I've been following the thread for a while, only recently started to save, but don't mind me if I pop in from time to time to say hi. We're aiming at £40k over the next 2 years, have lots of charts and graphs to help us get there!

I love charts and graphs. I'm a little anal / obsessed and have loads of spreadsheets set up for savings goals, mini goals, spending, budgets......

jen_1985_04

Not a good month for me! Car Insurance, Tax and Service all to pay for
Never mind, once this month is over I have 11 months where I don't need to worry about it

Dinah93

Payday today, my favourite day of the month as all my savings totals take a big bump, just over £500 transfered into the 2 regular savers accounts today.