by Deep Pockets
I used to underestimate the need to put saving structures in place. I have now learnt that it is important to align your savings goals with liquidity time frames (cash needs to be available when needed). When my husband and I initially combined our finances, our main goal was saving for a property so we had one savings account for everything and this somewhat … Read More How to effectively structure your savings
by Deep Pockets
I remember the excitement I felt when I had started my first year at high school in Zimbabwe and the school I went to made an announcement that we could use calculators in our mathematics classes. Gone were the days where we would spend time trying to solve mathematical problems on paper. Fast forward a few years, we have smart phones that pretty much … Read More The convenience of technology
by Deep Pockets
Saving the deposit for a house can be very difficult and can take a long time to achieve. This is why it is very important to be aware of the different type of schemes that are available to help you with this process. The schemes mainly benefit first time buyers and enable them to raise a deposit which is less than the required 10% … Read More Ways of getting on the property ladder for the first-time buyers
by Deep Pockets
When my husband and I got married we discussed our finances and set our goals. The first thing we wanted to do was to buy a house before starting a family because we were renting a small one-bedroom apartment. Moving to a bigger apartment or house whilst still paying rent was not an option. We decided to clear all our debts and start saving. … Read More How understanding our financial personalities helped my husband and I save for our house deposit in less than a year
by Deep Pockets
During the past year, blogging had taken a bit of a back seat due to the many changes that were happening in my life! I returned to work after my first maternity leave during the summer of 2018. It was great going back to work as I had missed my work colleagues, however being a working mum and commuting every day was hectic and … Read More It’s good to be back!
by Deep Pockets
Once you have set your savings goals and are happily saving, the next question you need to answer is are your savings working for you? One of the default ways I like to save money is by using a savings account. There are many options for savings accounts that are available. Most of which are offered by banks. I generally find that accounts where … Read More Are your pockets getting deeper?
by Deep Pockets
As a young adult, one of the areas I struggled with was financial education. During my last year of high school, general information like career advice was readily available however, I don’t recall receiving any basic financial advice. The knowledge I had at the time was based on observations from people around me. Further education One of the major decisions I had to make … Read More Advice to my 18-year-old self
by Deep Pockets
In previous blogs we have looked at how to plan for purchasing a property and the costs to consider. In this blog we will be focusing on an important aspect of the process which is credit scores. When purchasing a property, you can either buy with cash, which is ideal. The other option is to take out a mortgage which is a secured loan. What is … Read More Owning that Property – Credit Scores
by Deep Pockets
In this blog I will be providing tips on the costs you should budget for when planning to buy a newly built house. In the previous blog we looked at how we conducted the initial research. How much is it actually going to cost? Do some research to find out how much it will actually cost to buy the property and the maintain it. … Read More Owning that Property – Finance Management
by Deep Pockets
The journey to owning a property for us was a hard and long process but rewarding in the end. It was one of our main goals because paying rent felt like we were paying someone else’s mortgage. I learnt a lot along the way and will share this in upcoming blogs. The blogs will include information on costs to expect and how to navigated … Read More Owning that property
