CyclistDreams - House deposit diary



  • [Deleted User][Deleted User] Forumite
    0 Posts
    Third Anniversary 100 Posts Debt-free and Proud!
    MoneySaving Newbie
    Well done on your savings this month, CyclistDreams, that's really looking good.

  • So, another month and another payday.

    Totals saved as follows:

    £445 to house fund
    £175.82 to Car fund
    £25 to S&S ISA
    £100 to Emergency Fund
    £30 into 'fun' fund
    £20 into bike maintenance fund
    £325 into Christmas fund (Bank switching offers paid for this)
    £200 from the misses for the holiday.

    Worked some overtime last month which was paid today, but I bought some upgrades for my hobby so that's where that money went. On track to bank 84 hours overtime this month, so that will all go towards various pots. Going to get the Emergency pot up to £3000 (£691 away), then any remainder will go into the car fund pot. Ideally want to get that to at least £1500. Once the Emergency fund is finished, the £100 per month will go to the house :)

    Now 88.92% of the way there!
  • Skint_yet_AgainSkint_yet_Again Forumite
    6K Posts
    Ninth Anniversary 1,000 Posts Name Dropper
    Your savings are looking great ! 84 hours overtime is a lot of extra money but also a lot hours, make sure you don't overdo it and burn yourself out.
    0% credit card £1360 ~ paid in full
    0% Car Loan £7500 ~ paid in full
    JAN 2020 = NOW DEBT FREE
    Emergency fund £810.23 / £1000 (locksmith £189.77)
    Aiming to retire early in 2025 🥳
  • Thanks very much :)

    Yes, i know what you mean - it's been tiring, but trying to make the most of whilst it's there.

    Only got 9:30 hours booked in as overtime next month, so it's a bit different to this month :p
  • savingwannabesavingwannabe Forumite
    16.2K Posts
    Part of the Furniture 10,000 Posts
    Great savings but blimey how big is your family that you have to put £300 into your xmas fund every month? Holy moly.

    I have will have £300 in total in my xmas fund by December and that is plenty but I am buying for 7 people and keeping £100 for food and sales shopping.
    Try to have a minimal spend year in 2021
    Saving change in money box.
  • Ah, i may have worded that slightly wrongly! Just trying to get it to £500 total, rather than a certain amount each month :)
  • savingwannabesavingwannabe Forumite
    16.2K Posts
    Part of the Furniture 10,000 Posts
    Blimey that's a relief I wanted to be adopted into your family if you were giving gold bars out!!!!:rotfl::rotfl::rotfl:
    (ok Christmas Cracker humour). :o
    Try to have a minimal spend year in 2021
    Saving change in money box.
  • pinknsparklypinknsparkly Forumite
    511 Posts
    Sixth Anniversary 100 Posts Name Dropper
    That's a great job on your savings for the month! I was also going to echo SW by saying don't burn yourself out with overtime, but it sounds like you'll be having an enforced reduction in overtime next month anyway :D I'm usually so organised with Christmas, but I've not even started thinking about it this year. No idea where we'll even be for the day, let alone started thinking about Xmas gifts (beyond buying theatre tickets for my husband) so I'm in awe of your organisation skills and planning!
    MFW2021 challenge #99: £1,722.83 / £4,200
    MFiT-T5 (Jan 2019 - Jan 2022) challenge #99: £23,424.21 / £30,000
    Initial MF date (18th Dec 2018): Jan 2054 Current MF date: Jul 2050
    Last updated: 26/04/2021
  • edited 27 November 2019 at 12:06PM
    CyclistdreamsCyclistdreams Forumite
    28 Posts
    10 Posts First Anniversary
    edited 27 November 2019 at 12:06PM
    Today is payday :)

    Totals saved below -

    £135.86 Car pot
    £691.36 Emergency Fund
    £445 House fund
    £23.50 Fun fund
    £20 Bike fund
    £50 S&S ISA

    This payday included the 84 hours overtime I did, so managed to squirrel away quite a bit more than usual. Had a bit of work done on the car (new rear tyres, rear suspension etc) so £396 went to paying that, but still managed to put £135.86 into the pot, so happy with that.

    Emergency fund is now topped off at £3000/£3000 so really pleased that's now done!

    Treated myself and picked up a tablet I've been looking at. Black Friday sales got me £20 off, and waiting for 10% cashback on it too :)

    Another 35 hours Overtime banked for this month - not sure what i'm going to do with it, probably split between car/house pots.

    90.05% of the way to the overall house goal - getting closer!
  • Early payday this month - Feels good :)

    Totals saved for December as follows:

    £210 into car pot
    £250 into house pot
    £55 into fun fund
    £20 into bike maintenance fund

    Upgraded our seats for our holiday next year, so the money I got from my OT this month has gone towards paying those off. Only 140 days and counting :p

    Extra £100 saved from not having to pay into my emergency pot has gone onto the house savings.

    Gone down a spine point on my payband this month, so that's an extra £800 a year, and also got the good news I've been successful with a recent job application for a years secondment, so i'll be moving onto the next pay band end of Jan, which will be an extra £1311 a year :)

    91.51% of the way to the house goal :)
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