Just in case anyone is pushed for time, here's the highlight of what is an exhilarating piece:https://inews.co.uk/inews-lifestyle/money/how-i-live-69500-salary-saving-buy-a-flat/
It's still fun to rage at these right?
Recently I was going to buy a red jacket, but then I thought: “I don’t need a red jacket, I’ve got a navy one and it’s fine.” So I’ve changed my train of thought about what I really need to spend money on.
Like the £121 extra for 'special treats'...after all the food (£350 a month!), bills, normal 'treats' (such as almost £40 a week in the gym) and so on are paid for. Pathetic, smug, selfish.
O, but looking at 'real' people
Just in case anyone is pushed for time, here's the highlight of what is an exhilarating piece:
And the £375 per month, on holidays?
The most ridiculous thing is that with her massive income she is only putting away £270 a month in a pension. She should be stashing 3 times that.And the £375 per month, on holidays?
Four grand a month net, most people can only dream of that.
Must spend £4500 a year on a few holidays and is dividing it into a monthly figure.
The most ridiculous thing is that with her massive income she is only putting away £270 a month in a pension. She should be stashing 3 times that.
If she was my tenant, I'd put her rent up.https://inews.co.uk/inews-lifestyle/money/how-i-live-69500-salary-saving-buy-a-flat/
It's still fun to rage at these right?
The article is a bit strange because its not really a middle class whinge (like a lot on this thread) about not being able to afford stuff its just a description of her strategy. Its how some people live I guess, dunno why its found its way into print.
Four grand a month net, most people can only dream of that.
Must spend £4500 a year on a few holidays and is dividing it into a monthly figure.
That is one hysterically funny read, she manages to make it sound like she was forced to live in a refugee campSpectacular. And if anyone wanted confirmation of my prejudices against Surrey...
You'd have thought they would have fitted right in Devon - they've all got wonky eyes.
Spectacular. And if anyone wanted confirmation of my prejudices against Surrey...
You'd have thought they would have fitted right in Devon - they've all got wonky eyes.
Yeah, she doesn't get that she's on a fantastic salary given her experience level.What is most irritating is not the details of the money saving strategies but that when she does buy a house she will undoubtedly put this down to having been so dedicated to saving money rather than being on a seventy grand salary at 29. And think “oh well if I can do it I don’t know what people are complaining about”.
My middle daughter who is a25 year old nurse is only on a bit more than a third of that nowYeah, she doesn't get that she's on a fantastic salary given her experience level.
When I was 29 I was on about a third of that.
Late to the party, but that is almost unbelievable that article. I mean brilliant sense of shadenfreude reading it, but actually hard to believe she’s a real person and that entire article wasn’t generated by a Mail-bot. People like her do actually exist. Surrey actually exists.
I just worked out she wants to borrow 4.5 x salary. For my recent mortgage the lender maximum was nowhere near that multiple.I'm forty and I'm not even earning two thirds of that! Still it does go to show the ridiculousness of someone on that money having to change their spending habits in order to buy a place as yes, you won't get much of a choice in London for x3 even that salary.
Yes, they've come down - they would only lend us about 2.5 our salaries and we have a really good household income... it might have been because my other half's CV was a bit patchy over the years leading up to it.I just worked out she wants to borrow 4.5 x salary. For my recent mortgage the lender maximum was nowhere near that multiple.
When the middle daughter mentioned above and her boyfriend bought a house last year, the Nationwide offered them 4x the larger salary (his) or 2.5x their combined though they needed less than the maximum.I just worked out she wants to borrow 4.5 x salary. For my recent mortgage the lender maximum was nowhere near that multiple.
You'd kind of hope that there weren't people that shallow, but sadly it IS "for real".
Yes, they've come down - they would only lend us about 2.5 our salaries and we have a really good household income... it might have been because my other half's CV was a bit patchy over the years leading up to it.
Basically, if you want any kind of choice of places in London, I think about 300k is almost your minimum.
Late to the party, but that is almost unbelievable that article. I mean brilliant sense of shadenfreude reading it, but actually hard to believe she’s a real person and that entire article wasn’t generated by a Mail-bot. People like her do actually exist. Surrey actually exists.
When the middle daughter mentioned above and her boyfriend bought a house last year, the Nationwide offered them 4x the larger salary (his) or 2.5x their combined though they needed less than the maximum.
Their biggest obstacle was finding 20% for the deposit, he had some savings and she sold her car but the Bank of Dad still had to dig deep into its reserve to 'lend' them much of it.
The Bank of Mum also had to loan them 2K for a new boiler 6 months later.
This is in the Midlands as well whereas houses prices are simply daft rather than completely doo-lally.