I’m late 30s with a 10 month old baby. Me and DH rent a one bed and we have no savings. We spent the majority of our 20s and 30s working and travelling, and going out etc. This is the lifestyle we chose at the time, we were very live for the now etc.
We wanted a child and now I’m feeling extremely guilty that we don’t have a better living situation for her, we can’t buy yet, we need to start saving for a deposit. Rent is now extortionate. I feel so stupid for not saving when we could and not sacrificing our travel for a property. I didn’t even think about it to be honest. DH is burying his head in the sand which isn’t helpful as he doesn’t want to talk about it.
Our combined income is 60k. Is it possible we can start from scratch and save for somewhere? We can only save around £300 a month after our outgoings.
Have we failed our child for bringing her into a one bed flat. I’m so embarrassed and feel ashamed.
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Feel like a failure for renting still
Megsh85 · 27/03/2023 21:54
kerosene20 · 27/03/2023 22:02
Open a lifetime ISA quickly before you’re at the age limit and you can earn a huge bonus on your deposit savings. I think it’s 20 or 25%. We used it to buy our house (late 30’s, early 40’s)last year and it was a huge help. I felt exactly the same as you. Now I’m embarrassed of our crap house in a crap area but it’s ours 🤣good luck!
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