Recent content by krystal27

Sounds like a good idea!

I thought I'd provide an update on this thread given you all gave me such great advice. Since early December we've knuckled down, reduced our debt, and have saved a 5% deposit for a house and land package. The land doesn't settle for some months, so we have time to save more. When I went...

Thanks Corey, as much as I'm smitten with the property we're going to let it go for now. I'm hoping by the time we are ready to go - debts minimised and savings where they need to be that the credit file is looking healthier.

Hahaha, depends which way you look at it - we currently live in an old inner city house where we pay for the location. We're looking to buy well out in the suburbs to be closer to family and friends, and only need a unit at this stage. So lifestyle change in terms of location, but quality of...

Yes David I should cancel the MasterCard but my husband has hidden it, hahaha! And thanks TMNT, I've never had a savings account before this year so for me to have over $16k in one account is a definite achievement, even though it does seem paltry in comparison to what we earn, we are...

sounds like it!

Ha, good question! He is very careful with his cash, but I think because I'm the breadwinner (he earns less than half of what I earn) he has always let me maintain control - and look where it has gotten us!

Definitely interested in a portfolio, I'm hopeless with money (clearly) so need all the help I can get! Thanks to everyone for responding this seems like a great forum!!!

Yes, we are tightening up, only reason we haven't saved more is I had to finish paying off the wedding then had some serious medical issues that left me with $24k in bills I had to pay off quickly which sucked a lot of our cash (I chose to go private and pay more rather than go on public waiting...

Thanks Peter, this serves me right for going to open for inspections yesterday!. We're thinking about moving into a smaller rental so we can push our savings up to $3k a month, so thinking that is probably our best option in the short term.

Bankwest have said we "approve comfortably" with an 8% deposit, which we'll have by March at this rate, but it's more the LMI I'm worried about. Only reason I'm looking into it now is because we found a great property.

My husband and I want to purchase our first home under $300k, we have: 5% deposit 1 x $24k debt ($470 a month consolidation loan which we just got last week) - this was used to consolidate six debts. 1 x MasterCard $1000 limit nothing owing 1 x Visa $6000 limit $5500 owing We pay $2100...