'My 50/40/10 budgeting rule helped me buy £210,000 first home'
My uncle was walking past the property one day and noticed there was a for sale sign up - so he found it on Rightmove and sent it to me.The house was on sale for £220,000, but I put in a lower offer of £210,000 which was accepted - and I put down a 15% deposit for it at £31,500.My monthly repayments are £666.
By January 2020, I had about £3,000 worth of debt - which is when I decided to move out of London and live with my sister and her boyfriend in Kent.To get my finances back on track, I made loads of spreadsheets, calculating every single penny I had spent for nine months to see what I had been spending my money on - and how I could cut my spending.
I also saved £200 a month on quitting the boozy days out in London, and dinner and drinks with my friends.I put myself on a new clothes ban for all of 2020, saving me around £300, and I stopped my gym membership, saving me £40 a month - which was £480 over the year.How did you afford to furnish it?I needed to buy everything apart from a bed, so there was lots to save up for.
Both me and the sellers of the flat weren’t given a reason for the delays - and with the Covid lockdown at the beginning of 2021, the setbacks only continued.If you are a solo first time buyer, rely on your friends and family for support.
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Italy to make Covid jabs compulsory for everyone over 50 to battle surging casesItaly is to put in place new rules making it compulsory for everyone over 50 to be vaccinated against Covid due to surging cases of the Omicron variant in the country
Lire la suite »
Houseplants: Three plants that remove dust and will help keep your home cleanHOUSEPLANTS are a great way for green thumbs to stay active in the winter months, but some can also help you save on dusting. Here are three plants that naturally collect dust from the air.
Lire la suite »
15 fitness buys that will revolutionise your home workoutsWondering how you can exercise from home? Take inspiration from this great workout gear to get you feeling fit from home.
Lire la suite »
40 Style Lessons From Kate Middleton To Celebrate Her 40th BirthdayAs Kate Middleton turns 40, we look back at her 40 best style lessons. Read more on Grazia.
Lire la suite »