Life is expensive. Like, very expensive. I remember days when I was younger and I thought £100 was a lot of money but now I cry bitter tears when I see that's all I have left, especially when I see half my salary disappear every month to cover things like rent and bills.
I don't make things any better for myself either though. Some months/weeks this year I have pretty much been living hand to mouth, wondering how life and the the things I enjoy can cost so damn much.
This year, I had tickets to Glastonbury but cancelled. There are a couple of reasons for this, but the two main ones are:
1. I didn't want to spend £200 to see Coldplay. Just no.
2. I couldn't guarantee I could actually afford to be there. Festivals cost a hell of a lot even after you've handed over the ticket money. UK Credit have put together an interesting article that shows just how and why.
Like many people, I have dreams to buy a house in the future but I also want to see a lot of the world. Next year we have plans to go to Mexico and have two 30th Birthday Celebrations to sort out (hopefully New York AND California). That's some serious pennies.
I don't have any grand plans to save thousands every month. It's just not possible in London unless you're earning a ridiculous salary. Which I'm not. HOWEVER, I don have some variety of plan to sort my life out and save for these things without living in poverty (yeah, I know that's an exaggeration). I have rambled on about something similar in the past, but this time I am determined,
Step 1 - Cancun
After looking at flights and the resort we'll be staying at (boom for friends with timeshare), it turns out it's not going to be as expensive as I thought it would be. I'll only have to save £1000 to cover flights, accommodation and spending money and as we're not going until 2017, that means I only need to save £50 a month. Achievable.
Step 2 - 30th Birthday Celebrations
The main thing here is that they will be happening one month after the other. My best friend's birthday is in September and mine is in October. FORTUNATELY it won't be a thing until 2018 which means serious saving time.
I haven't looked into the costs or logistics JUST yet but think if I can pop away £100 per month over the next two years, that should definitely be enough. It might be difficult saving £150 per month as I'm not exactly on the highest salary in the world, but as they're actual goals, I'm sure I can make myself do it.
Step 3 - Get a house
I am determined to not be stuck in generation rent for the rest of my life. I have decided that it's just not going to be a thing.
My aim is to have saved enough for a deposit within 5 years. As long as schemes like Help to Buy still exist by them, it may be possible especially considering there are two incomes.
I have no idea where to start with this one as house prices fluctuate and I have no idea where I plan on being in 5 years time. At least I have finally reached a point of determination rather than wallowing in my misery.
Saving is always hard, especially when you live in London, but as long as you can set some realistic goals rather than jumping on trends, you will get there.
Are you saving money for anything fun?
*This is a sponsored post in collaboration with UK Credit but I was going to write something like anyway. All plans are my own and I'm actually doing these things.