How much money did you put away each month for a deposit?

Discussion in 'Home Life & Finances' started by MamaJay, Apr 14, 2016.

  1. MamaJay

    MamaJay Well-Known Member

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    Just curious as weve just started saving and we put away 800/1000 per month. How long did you save for? Were hoping 10 months time we will be ready....
     
    #1 MamaJay, Apr 14, 2016
  2. flexilexi394

    flexilexi394 Well-Known Member

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    That is an amazing amount of money to put away! Well done!

    I can't wait to start saving for a mortgage, I have about £500 saved so far lol and that is for life after baby is born! xx
     
    #2 flexilexi394, Apr 14, 2016
  3. MamaJay

    MamaJay Well-Known Member

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    Were just going to save like crazy. Hopefully by christmas we can start looking into mortages. Fingers crossed ot goes to plan
     
    #3 MamaJay, Apr 14, 2016
  4. flexilexi394

    flexilexi394 Well-Known Member

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    How exciting, I would need £40,000 plus to buy where I live as me and my partner could only get a £150,000 mortgage between us so we would need to save about 40 grand before we even start asking for a mortgage!

    Good luck, I would love to be in your position!
     
    #4 flexilexi394, Apr 14, 2016
  5. NatM

    NatM Member

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    You're very good at saving! Don't think I could manage that :0 when I was saving for a place me and my husband contributed around £200 each a month. It was tough but helped us move quite quickly!
     
    #5 NatM, May 6, 2016
  6. fairyprincess

    fairyprincess Well-Known Member

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    We were lucky enough to inherit our deposit and we used £20k and then some towards fees and furniture etc. My friend who is currently saving is aiming for about £15k so with the amount you're saving each month you're doing really well! x
     
    #6 fairyprincess, May 6, 2016
  7. Aqu

    Aqu Member

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    depends of month. Sometimes 1000 and sometimes 100.
     
    #7 Aqu, Jul 11, 2018
  8. newbornprops

    newbornprops Member

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    depends of month. For example August: £900.
     
    #8 newbornprops, Sep 27, 2018
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