This is a sponsored post
We’ve been saving for a home deposit for quite some time now. Unfortunately this is taking us a bit longer than it would probably take others as we live in a very expensive area – so if we want to get a mortgage, we need to save an extremely substantial deposit. This does also mean that we have been looking further afield to see if we can find properties elsewhere that suit our needs and don’t require such a large budget!
The tool talks about your outgoings and where you can actually save money on them. I gave the tool a try and found out that if I cut back a little on my non essential outgoings, I could have an extra £2000+ per year to put towards my deposit. When you put it like that, it seems crazy not to cut back, doesn’t it?
But how exactly am I saving money for our deposit? Steve is putting a little money aside from his pay packet each month but that isn’t as easy for me as I’m self employed. I never quite know how much money I will make but I try to put a percentage away for tax purposes, some kept in my account for bills and then move amounts over to my savings as and when. I also have a bank account which has a ‘Save The Change’ feature which enables me to save money to my savings account without even thinking about it.
Another thing I do is I always check for voucher codes and My Voucher Codes really is a great resource for this. They feature so many different brands! I always check the site before purchasing online as I am bound to save some pennies by finding a voucher code – and then I can move the amount I’ve saved straight into the deposit fund. Have you been checking out the site for voucher codes? If not, why not? You are bound to find the brand you are looking for on there!
Lastly I am still doing my online surveys and market research chats – these may not be consistent but the odd £10 payment for cashing out on a survey site still boosts the deposit fund a little and the £50 cheque I get from one of the survey sites every couple of months is a substantial boost. I also am decluttering as I go and selling anything that we no longer need – I am being brutal. It goes, it sells and the money gets added to the house account.
Steve and I have been together eight years now and living together for seven yet we are still going to be first time buyers. It is important for us to save a decent deposit to get us our perfect house for us to raise our family. I can’t wait to finally get there.