August 2016: House Buying Savings Update

31st August 2016
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Here is our August update on our progress on saving money to buy our first house if you missed last month update you can view it here.

House Buying

We are still adjusting our family budget to meet our goal of saving £605 each month our target is to save £34 500 in the next 4 years.

Here is what we have saved so far…

 

Month £s Saved This Month Total Saved So Far Family Reward
Starting Savings

July 2016

August 2016

 

£11500

£605

£655

£11 500

£12 105

£12 760

 

 

 

 How We Are Saving More Than Our Set Monthly Savings 

So this month we managed to top up our monthly saving goal of £605 by £50 to make the savings of this month £655. Hooray! We have done great, haven’t we? 

We like to top up our savings when we have extra money from our budget. This helps us to reach our goal faster and we will be able to save more money too.

How We Are Reducing Grocery Money By Trying Other Brands

We are trying to scrutinize our spending budget every month for this month we are still working on ways of reducing our grocery. We started last month working hard on reducing our grocery

So far we have managed to reduce our grocery money from £80 to £70 each week our aim is to reach £50 a week.

This month we have tried our some supermarkets own brand grocery items. Some of the items we liked and we will be definitely be swapping for our usual brands.

Read More: 8 Supermarket Own Brand Items I Tested And Will Buy Again

Unfortunately not all supermarket brands went a treat in or house, we did not like some of them. We found out that sometimes its worth it to pay a little bit extra on some of our grocery items.

Read More: 9 Supermarket Own Brand Items I Will Never Buy Again.

Trying out  some supermarkets brands helped us to save a little bit of money as supermarket own brand items are usually inexpensive as compared to any other brands.

During the coming months will continue to find ways we can reduce our grocery shopping even more. I sharing with you any tips and advise along the journey so stay tuned.

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  How We Plan To Buy Our First House Using Cash In 4 Years
  July 2016: House Buying Savings Update

 

 

 

 

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