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House and home

Savings after moving house

(29 Posts)
Georgesgran Mon 07-Nov-22 10:50:20

It’s hard to say - a bit like how long is a piece of string. We can never second guess what the future holds or how other circumstances might change - a new car, special holiday or replacing a bath with an accessible shower, etc. Would credit or a bank loan be difficult to secure if funds were needed urgently? On the other hand, there’s the ‘ Can’t take it with you’ school of thought.
I was surprised (not sure that’s the right word) to read today how many adults have barely £100 in savings. It was always said to keep at least 3 months income in reserve, but is that now 3 months pension, or 3 months of what you would’ve earned?

VB000 Mon 07-Nov-22 10:47:26

If you mean how much the new house will cost in improvements, it's a case of how long is a piece of string... fitted wardrobes are expensive, but Ikea ones (or equivalent), installed by a handyman would save you a lot of money.

We had Hillary's blinds and really pleased with them, after getting the Black Friday discount last year. However, someone we know got blinds online (just put in their measurements) and a handyman fitted them. The cost was the same for the whole house, as my 3 windows! Wish I had known!

With your loft, fencing etc, the cost all depends on dimensions. The electric sockets, depends whereabouts they are etc, so difficult to price them up without getting an electrician to quote.

grandMattie Mon 07-Nov-22 10:40:28

If I get what I’m looking for, I shall be quite well off as the sale price of my house is about twice the price of an apartment.
So it’s difficult for me to judge.

truman Mon 07-Nov-22 10:36:32

After moving house how much in savings do people have left. I am just trying to estimate how much to use on buying things for the house and savings in the bank. We are both retired so no wages coming in but we have the SP and a private pension each (but not huge ones). I am really interested in people who are retired and moved house paid stamp duty and all the other bills and what they had left for everything in the bank. We are moving soon and we had to put more towards buying the house to get the one we wanted.
Not much to do inside the house. It does not require a new kitchen or bathroom. Carpets are fine. Just new wardrobes to buy as mine here are fitted. New blinds, loft ladder and boarding, a couple of extra sockets. New side gate and a bit of fencing. We will obviously keep some money for emergencies. I am just curious as people have different ideas of the amount required.