2 Years On – Mortgages, Trying to Save and Endless Arguments

2 Years On – Mortgages, Trying to Save and Endless Arguments

2 years it’s nearly been! 2 years since Jordan and I got the keys to our first flat and I honestly don’t know where the time has gone.

They say, time flies when you’re having fun – although, straight up, the past 2 years hasn’t always been fun! I mean, don’t get me wrong, there’s been lots of fun and laughter, but when it comes to living with a guy, also comes the constant nagging and telling him to ‘pick his boxers off the floor’ as well. It’s inevitable right!?

Rewind 5 years ago or so when I was loving life at uni, with my head mostly in the toilet after shotting one too many tequilas, I never, ever imagined my life to be where it is now. Owning my own place, having a mortgage and looking after my very own living animal (Benny, or Jordan – either one). It really is so difficult nowadays for people my age in this generation to get on the property ladder and own their own place (or part of their own place like we do).

My Mum and Dad have always said we are so lucky to have had the opportunity to get our flat then we did, and actually thinking about it, we really are!

So when I say we part-own our place, what it means is, we own a share of it, and the housing association own the other part – but we have the opportunity to buy out the rest if we wanted to (which we are going to look at over the next few months). I would really recommend looking into shared ownership opportunities – I think it is the easiest and cheapest way to get on the property ladder if you’re first time buyers!

To be completely honest, I was so shocked that Jordan and I even got a mortgage offer considering we were so young and hadn’t built up a credit rating for long, and that’s something I had’t even considered. Building up your credit rating is a must if you are considering getting a mortgage for a property, and you can build up your credit rating by doing a number of things. One thing that I’d recommend is to borrow money from somewhere and when you repay it, you build up your credit rating! There’s no harm in doing this, and let’s be fair a loan could help until payday when times are tough.

In the 2 years we’ve been living in our own place, it has been very difficult to save money. As you can imagine, having lots of outgoings like the rent, the mortgage, the bills etc., leaves you with very little to play with, let alone save for a rainy day. Little things, like when our dishwasher broke, we needed to find around Β£200 at least to buy a new dishwasher, and that money is hard to just pull out from nowhere.

You can imagine having limited money is stressful (I think we can all relate), and this causes little petty arguments, which is really silly because I hate arguing over money – where are the money trees now please?

But, recently Jords and I have been very good at working out how we can save some aside to help us out a bit!

  • Β£1 jar – this is something Jordan does really well. If he ever pays with cash and gets change in Β£1’s, he puts them straight into an old large Jack Daniels bottle, and before you know it, there’s a few hundred pounds in there!
  • I’m starting to put away any extra money I earn, for example from blogging. Any sponsored content I work with and earn some extra pounds, I will save and put away as this is additional money to my monthly wage
  • Any money we have left over after our joint bills come out, we will put that money away in our joint account savings
  • I’ve recently started to sell some clothing bits on eBay, most of them are new and I quite frankly don’t have enough room for them! – This is good little side earner
  • Jordan’s been making a few extra items on the side to sell on his Etsy site, which has been making a bit of extra money and he’s beeb saving all this putting it to the side.

Do you have any money saving tips? If you do let me know how you do it in the comment box!

Bex

xx

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5 Comments

  1. 20th March 2018 / 14:02

    Congrats on two years of owning your place girly!!!

    • Rebecca
      Author
      20th March 2018 / 18:35

      Thank you lovely 😘

  2. 20th March 2018 / 06:56

    Great tips and so glad you’re still loving your own little place!

    • Rebecca
      Author
      20th March 2018 / 06:52

      Ahhh that’s so good! Yeah it’s really handy and he doesn’t really notice it going πŸ™ˆ xx

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