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Should I just not bother trying?

5 replies

Whyohwhy65 · 04/01/2019 21:07

I want to save for a house. I'm 24 and have 2 kids. Did things all wrong. Moved out at 17 and been renting since. I could just about afford to save 50 quid a month. Should I just not bother. It will take me at least 8 years to get close to a deposit

OP posts:
fussygalore118 · 04/01/2019 21:10

Of course you should! You may be able to add more as time goes in and in 8 years you will still enough to get a mortgage!!!

Whyohwhy65 · 04/01/2019 21:29

I just feel like I would give up because I have no patience and I know it would take forever

OP posts:
redexpat · 04/01/2019 21:37

Well in a years time you will be 300 pounds closer. If you dont save youll be where you are now.

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MrsTerryPratcett · 04/01/2019 21:39

Save anyway. Because you could be saving for a house, or a holiday, or an emergency. That's the thing with savings, they are there anyway.

No one knows what's going to happen with house prices post-whatever the hell is happening with Brexit. Your money could go further.

GeorgieTheGorgeousGoat · 04/01/2019 21:40

That’s £4800 in 8 years- is that really enough? Around here you’d need at least £30k.

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