HOW MUCH CAN I BORROW?
Checking how much you can borrow will give you a realistic idea of which properties are affordable, this will help avoid any disappointment down the line, and give you an idea of the amount you need to save for a deposit.
My tips on saving:
- Save on the day you get paid, this makes it easier to budget what you have left over after you’ve paid into your savings, making you less likely to dip back in.
- If you can’t trust yourself not to dip in (I cannot trust myself), buy bonds – NS&I have a minimum purchase of £25, you even get a receipt every time you buy one, so it feels like a treat!
- Cut out takeaways – I know, we all love a treat on the weekend, but with the average takeaway for a couple costing £20, that’s £1,040 per year!
- Make a shopping list by planning your meals each week in advance, this way you buy what’s on the list and have enough in to stop you popping to the shop mid-week, which let’s face it, if you’re anything like me also involves a new mug, some Tupperware, a bedding set and a family size bar of Dairy Milk.
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