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AIBU?

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to save and have nothing to show for it

27 replies

plus3 · 25/08/2010 19:27

Oh I know I am, but I am fed up. I have spent my adult working life saving - never splashing out.Which is ok - I'm not really a big spender but I do wish that I had something to show for it. I am soooo fed up of squirreling away money for our house deposit only to have to spen it on something else.

I have saved £2000 this year. We have some tied up trying to make some interest, and basically need another £35K.

Never gonna happen is it???? Sad

OP posts:
plus3 · 25/08/2010 20:35

DD doesn't start full-time until after half-term therefore impossible to sleep.....I don't do well without sleep!

Mizu - Think we are too far out of London for keyworker scheme.

I did hear (whispers) that prices were on the way down again.

Still need to increase the saving.

OP posts:
QuizteamBleakley · 25/08/2010 22:29

Have you looked into shared ownership? It's going to be much easier to get a foot on the rung now, and means that you're in. Obv. go see a financial advisor but my cousin & his DP were in much the same boat where the more they saved, the greater the increase in house prices, basically negating the saving process. They did a newbuild homebuy. Not sure of the exact figures, but it's part buy / part rent shared ownership where you buy a share in a housing association home from 25-75%. May be worth looking at?

Whatever happens - good luck; I hope you get to squander a weeeeeee bit of money with all those night shifts!

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