Dear Universe

26 11 2013

Universe

Dear Universe,

Hi there, it’s Z here. Now I don’t ask for much – I never have. I am fairly easy to keep happy. However I have been advised that in order to achieve our deepest desires all we need to do is ask you nicely, so I thought I would give it a go. That way we both know where we stand.

My deepest desire for a number of years now has been to own a house. This is not a new goal but it is becoming increasingly important to me as I will have my own child mid way through next year and I want him/her to have a safe and comfortable home to live in. So really I m not even asking for myself – I am that selfless!

I have just seen the most perfect place. As is always the case though, the deposit is a sticking point. I am trying really hard to raise as much as possible as quickly as possible but I am paying high rent and bills for my current accommodation and it is tricky. Now I understand that asking you for money is considered crass so I will simply say that I really want my own home and could you lend me a helping hand?

It could be in the form of a loan or maybe a small lottery or scratch card win, – I don’t care about the top prize on the Euro Millions but £7500 ought to do it. That isn’t a lot to ask is it? Achieving a perfect credit score would also be a small help in the right direction. And I genuinely believe that I am more deserving than another property developer who will charge high rent for another professional couple to shell out each month – no doubt preventing them raising a deposit for their own place.

So please, please, please Universe help me out.

Love and hugs Z





Viewing Our Potential Dream Home

1 02 2013

house_cartoon

It’s time once more for me to reflect on my progress towards achieving my dream of home ownership.

You may have noticed that a few months ago I started including a table at the bottom of posts relating to home ownership. These posts are my way of tracking my progress towards raising a deposit and the table shows the % of the deposit we have saved and the estimated months it should take until we are able to purchase – assuming we maintain the momentum and everything continues as planned. This is by no means an exact science and a million things could happen between now and then, but I am the type of person who needs clear goals and targets but I should still explain how these numbers were generated.

One of my personal barriers to raising a deposit has been the fact that owning a home costs a lot of money. As such it is prudent to have a large amount in savings before embarking in the process of viewing properties and approaching lenders. But with no end goal or exact figures in mind, I was finding it hard to retain focus and enthusiasm as it all seemed very abstract.

I am fully prepared to make sacrifices to achieve my dreams but I needed some sort of savings target and a deadline to work towards; otherwise how would I know how much of my income to set aside each month? “Lots of it” was not specific enough for me and I was struggling to commit  with no end in sight.

I discovered a local property being sold under a government scheme for first time buyers. I took my husband to see it – it was perfect!!!

We decided to use this property as a model altough we were not in a position to purchase at that point it gave us an idea of how far our money could go and more importantly the sort of deposit we should be aiming for. I got out my calculator and did some sums.

Of course, by the time we have raised the money we hope to save, it is highly likely these properties will no longer be available or the scheme may be cancelled but we now have something concrete to work towards. What we are currently saving each month amounts to about 3% of the total deposit that we would need. My aim is to gradually increase this to 5% (because I like round numbers) but 3% is perfectly acceptable for the time being.

The important thing is that by approaching it this way home ownership feels more achievable. As long as I save a minimum of 3% of the deposit needed every month I feel a sense of achievement. Anything over this amount is obviously a bonus but I don’t feel guilty about every penny I spend that does not end up in savings.

As things currently stand we have saved a total of 59 % of the deposit we think we need and could potentially be ready to purchase in 14 months.

Watch this space for “THINKING OUTSIDE THE BOX

PROGRESS TOWARDS RAISING A HOUSE DESPOSIT

DATE

% OF DEPOSIT SAVED

ESTIMATED MONTHS TILL PURCHASE

JULY 2012

28%

23 – June 2014

AUGUST 2012

31%

22 – June 2014

SEPTEMBER 2012

33%

21 – June 2014

OCTOBER 2012

36%

20 – June 2014

NOVEMBER 2012

42%

19 – June 2014

DECEMBER 2012

47%

17 – May 2014

JANUARY 2012

54%

15 – March 2014

FEBRUARY 2012

59%

14 – February 2014