If you wait for the price crash...

PasturesNew

I thought the plan was supposed to be:
Leave school (did that)
Get a job (did that)
Get promoted (never did that)
Meet Mr Right (never did that)
Get married (never did that)

If we are the age of our life stage, that makes me about 17 I think.

mitchaa

SingleSue wrote: »

Hehe yep but it has been a good discussion.

My old plans make me laugh now....

Get married at 30 (I was almost 20)
Have first child at 35 (I was 23)

Then after children were born

Go back to full time work when they were 5 (Still waiting!)

:rotfl:

Young starter too then. I was married at 21 and had my 1st child last December at 24. Always wanted a child and marriage by around 25.

mitchaa

PasturesNew wrote: »

I thought the plan was supposed to be:
Leave school (did that)
Get a job (did that)
Get promoted (never did that)
Meet Mr Right (never did that)
Get married (never did that)

If we are the age of our life stage, that makes me about 17 I think.

:rotfl:

Never too late though, a bit of confidence and you can sit on that wall every night Or perhaps socialise more for a better chance to meet Mr.Right or take the easy option and marry an old millionaire:D

Its never too late

3under3

mitchaa wrote: »

Yes, i do all the time, but on the other flipside i have a 4bed detached home to show for it and will be mortgage free by the time i'm 40. My thinking anyway as 4 beds is plenty and i dont need to upgrade or move. As soon as i have 3 children, i shall be going for the snip:rotfl:

Only asked because me and the OH were in the same boat as you re earnings but were too scared to take out such a big mortgage! As it turns out it was the right thing to do as OH had to stop work when our 3 children came along - as child care costs nearly 2k a month till the eldest got funding at 3 it just wasn't possible to go back!! So we have half the mortgage but half the house you do - what a squeeze!:D

mitchaa

3under3 wrote: »

Only asked because me and the OH were in the same boat as you re earnings but were too scared to take out such a big mortgage! As it turns out it was the right thing to do as OH had to stop work when our 3 children came along - as child care costs nearly 2k a month till the eldest got funding at 3 it just wasn't possible to go back!! So we have half the mortgage but half the house you do - what a squeeze!:D

I have a sub £200k mortgage, its just that i overpay in order to bring my mortgage term down to around 15yrs. Standard repayment payments are actually only around £1200pm

Yes still quite a lot, but in the longrun, beneficial to do so due to interest charges.

I only have 1 set of childcare fees to pay for at 3 days per week due to babysitting duties by the 2 grannies, but i can sympathise with you with paying for 2-3 children. The childcare voucher tax break scheme also helps.

SingleSue

PasturesNew wrote: »

I thought the plan was supposed to be:
Leave school (did that)
Get a job (did that)
Get promoted (never did that)
Meet Mr Right (never did that)
Get married (never did that)

If we are the age of our life stage, that makes me about 17 I think.

Leave school (did that)
Get a Job (Did that)
Get promoted (Did that several times)
Meet Mr Right (Thought I had done that but was proved wrong after 20 years!)
Get Married (Did that)
Get Divorced (Did that too!)

:rotfl:

meester

dannyboycey wrote: »

You feel that it is not financially sensible to have a child if you're only earning £40k?

I felt that. I'm not making any comment about what other people think.

All I knew was that I was not able to pay for a family house on £40k/year in London or the surrounding counties. Absolutely not.

If it wasn't for Gordon Brown's 10 years of house price inflation, I wouldn't have had that concern. On my wages I could afford a 1-bed flat in Zone 6, or to rent a 4-bed house. I did not see it as sensible for me to have any more children at that point.

dannyboycey

meester wrote: »

I felt that. I'm not making any comment about what other people think.

All I knew was that I was not able to pay for a family house on £40k/year in London or the surrounding counties. Absolutely not.

If it wasn't for Gordon Brown's 10 years of house price inflation, I wouldn't have had that concern. On my wages I could afford a 1-bed flat in Zone 6, or to rent a 4-bed house. I did not see it as sensible for me to have any more children at that point.

Your own actions infer at least a degree of judgement over other peoples' decisions. Your comments about 'sensible people', and those living off benefits who are "highly unlikely to contribute" removed any sense of objectivity for me. BTW, if it wasn't for a decade of Thatcher (whom I'd bet my mortgage you voted for) we wouldn't be in this mess at all right now. Brown is a shambles, but Cameron would be worse. Much worse.

Oliveru

mitchaa wrote: »

Anyway, childcare should be absoloutly free IMO. It's criminal some parents get it for nothing, but others have to pay for it.

Why should I pay for your children if I don't have any myself?

The solution is not higher taxes or blaming others, the solution is for a substantial house price crash so that people on a joint income of £60k can afford a decent lifestyle plus have savings.

It horrifies me that you are so frugal with your spending yet are only saving £5k/ year from a £60k income- your mortgage must be huge so ask yourself how you can be so careful with your spending yet have a large mortgage combined with buying or selling property at the wrong time? If you are going to be so serious about saving money the least you can do is be as knowledgable as me about the housing market.

Snooze

PasturesNew wrote: »

I thought the plan was supposed to be:
Leave school (did that)
Get a job (did that)
Get promoted (never did that)
Meet Mr Right (never did that)
Get married (never did that)

If we are the age of our life stage, that makes me about 17 I think.

:rotfl: :T Classic!

I never had a plan. I just kind of bumbled along taking each day as it came and enjoyed life. Plans never work out anyway - there's always some [EMAIL="tw@t"]!!!!!![/EMAIL] lurking round the next corner waiting to jam a spanner in your works. If you don't have any plans then you can't be disappointed! Worked for me and I've turned out alright (although some people would disagree ) and done well for myself.

:T

Rob