Kano
Member
Registered: 29th Aug 04
Location: Fife
User status: Offline
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quote:
Originally posted by whitter45
thing you have to remember is that some peiople i know have bought houses and are right on the capacity they earn i.e wha they get each month is spent on mortgage bills etc with little money to live their life - therefore if the boielr goes or work needs to be done they are screwed as has happened recently
IMO if you buy a house you need a little money each to put aside or have access to shoudl things go wrong - which they will do at some point lol
I'm the opposite to that. We bought a house last March and I still put away at least £400 into savings each month. I would hate for my pay to be spent before I got it.
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chrisd1983
Member
Registered: 15th Dec 06
Location: Chester & Weymouth
User status: Offline
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Looking at selling flat my flat at the mo as I'm moving to Weymouth, looks like I'm going to make about £25k on it.
But down here the missus wants a nice house ~ 200k, so I've got to save like a bastard or get a massive mortgage just on my wages!! Bad times ahead!
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dannymccann
Member
Registered: 9th Aug 06
Location: Doddington, Lincolnshire
User status: Offline
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quote:
Originally posted by whitter45
thing you have to remember is that some peiople i know have bought houses and are right on the capacity they earn i.e wha they get each month is spent on mortgage bills etc with little money to live their life - therefore if the boielr goes or work needs to be done they are screwed as has happened recently
IMO if you buy a house you need a little money each to put aside or have access to shoudl things go wrong - which they will do at some point lol
This is the important thing some people dont realise about a property purchase.
Its something I thought long and hard about. Our mortgage is £730 a month and bills £600 (this includes EVERYTHING though down to fuel and monthly contributions to car tax and insurance etc) leaving us £300 a month each from our net wages to do what we like with, whether thats spending it or saving it. We are going to max out an ISA this year (£5100) and make good head way into another but she wants to get married next year so that's going to wipe savings out  I dont see the point but there you go
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John G
Member
Registered: 18th Jul 05
Location: Wirral, Merseyside
User status: Offline
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quote:
Originally posted by Ben G
I certainly dont live like a hermit and saved plenty.
i shoudl think so on 34k, im on half your wage!
have 7.5k saved
target  havent got one, just plan to keep saving
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chloe16v
Member
Registered: 29th Nov 07
Location: Rotherham
User status: Offline
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saved none  target 75k in 5 years
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Warren G
Member
Registered: 14th May 06
Location: Kent
User status: Offline
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Target: 30k
Saved: 20k
money tried up in vehicles £7k
Money im going to spend traveling £10-£15k or less
but what ever i come back with, will be for a house
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