We started by renting a house from my parents to get used to "living" together.. make sure we were compatible!
Our goal was then to purchase our first home, which we did in Oct 2007. Basically anything that was "cheap" so we could have a practice run at what it was like paying a mortage, rates etc etc...
Next we did a few reno's (by a few, I mean we gutted the entire place!) and have sprused it up a hell of alot! We've just started working on the gardens...
Next we want to buy some land, about 5 acre's, and build our dream home, and we'll probably stay here until we cark it . Hopefully we'll be able to keep the house we have now and rent it out (i don't think I could part with it anyway, we've put in so much work and it's so pretty!) so it will be able to pay for itself to an extent iykwim and use it as a kick start for our own childrens futures.
Fingers crossed!!
Each financial year I write out a list of our financial goals. At the moment the main one is to get the mortgage paid off while interest rates are low.
At the moment it's survive but when I'm back at work we want to do up the front and back yard, pay off our furniture (interest free card) and then save to buy a new car and hopefully then start saving for our next home. God that is alot, LOL!!
I'd love to go and speak to someone who can help us get our money sorted out so we can build our wealth for some financial security.
Nurse Dan- Me too, can anyone recommend where you get onto a financial planner that would be free, or cheap? We have some debts that we really need to clear up so we can start saving to buy our first house, we do up a strict budget each fortnight, but I want to see what a proffessional would do with our money...
We have just got a new car which was one of our goals, now the goal is to get rid of the debts so we can put that money into a home deposit fund!
I just opened a new savings account the other day. Its for saving for a deposit for a house. Sick of renting and paying off someone else's mortgage Hopefully in 12 months time will be looking at buying or maybe building.
We're putting our savings away with a few 'goals' in consideration. Right now, those goals are to buy a house, and to finance relocating to Canada (so, the 'buy a house' bit could well fit, just not buy a house in Australia!).
We're in the process of selling DH's dad's yacht atm (someone has put a deposit on it and we're just doing some final negotiations before the papers are signed) so if that works out we're looking at either putting that money towards the aforementioned goals, or using it to pay our car out so we're not paying so much interest on the repayments.
Our priority at the moment is making money from our shares & increasing our super. Since we put all our super in to a self managed fund we have increased it by 30% (its been about 4 month now!). We also have shares in some very solid companies and are using our trading profits to reduce our peronal debt. Once we've cleared our personal debt we plan to get a new car and then using the same share trading system sink all the profits in to our mortgage to get that down as quickly as possible.
. Hopefully we'll be able to keep the house we have now and rent it out (i don't think I could part with it anyway, we've put in so much work and it's so pretty!) so it will be able to pay for itself to an extent iykwim and use it as a kick start for our own childrens futures.
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Hopefully in 12 months time will be looking at buying or maybe building.
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