My Savings Diary

A question about : My Savings Diary

Started this thread to try and motivate me;

Current position

24, Living at home with parents, looking to save towards a house deposit! Hopefully...save 10k by the end of next year!

I have no willpower when it comes to saving, known to randomly spend Ј20+ on my lunch times in Asda on random things...have decided now is the time to try and sort my life out!

Current savings

Ј1450 in a savings account

Ј6600 worth of shares (locked in for 3 years....staff shares!)

Outstanding debts!

Car loan

Finishes in March 2014, currently paying Ј279 a month - so will be that amount better off from March!

Overtime completed this month; roughly an extra Ј600 in November pay

Wish me luck!

Best answers:

• Main objective to help me save is going to be to withdraw a cash budget at the start of the week, and ban myself from using my debit card
• Good luck l0us1se.
  Certainly a lot easier to save up while still living with parents.
  When I was your age I bought a car on finance. Never again!
• I'm really gutted as I spent 10k on my car...would have a deposit by now!
• What's your plan for savings? How often are you thinking about putting money in?
• I'm thinking of putting money in each month at my pay date, update, now have Ј2000 in savings from overtime. Looking to save a bit more in Decembers pay
• The 10k is for a house deposit, which in south Wales is looking to be 10% towards a half decent house hoping really to look more towards a 150k house.
  Stuck in a dilemma at the moment, one perk of my job is a staff rate mortgage which is currently at 0.5% but cannot get more than one mortgage or cannot borrow more (top up) wondering whether to hold on til I get a bigger deposit and buy the house I want to stay in
  150k where I live can get you a lot of house, talking detached/semi 3 bed properties
• Don't save! Find a good husband!