Help with my dilemma

**Bournecrazy** · 06-08-2008, 01:58 PM

i am torn between saving for my house fund and my holiday money fund i cant save much each payday but i cant decide weather to work on one for bit then the other or just go halfs on everything. i do however have a £50 automatic payment set up each payday for my house fund but i do like to add to it.

i dont get much left over after bills/debits so i can only nomally get about £100 left to save . i just dont know where to start, anyone with ideas?

im also due about £200 off ebay soon in the next few weeks - where the heck do i put that? i have to many things lol

**Bournecrazy** · 06-08-2008, 02:03 PM

its a shame you cant get savings snowballs, like you can with debt

**mombottoo** · 06-08-2008, 02:32 PM

What will do you the most good in the long run? Having your own house or going on holiday? I'd put any extra funds towards the house fund if it were me.

**Bournecrazy** · 06-08-2008, 02:40 PM

my holiday is paid for im just saving up for spending money lol. like to do things in advance, i am going to make an extra payment to the house fund in a sec

**FrugalMomof3** · 06-08-2008, 04:42 PM

I say put more towards the house fund, the more you put ON the house the more of a down payment you have, the less you pay each month OR time of the loan can be cut down considerably.

If you can, put 75 to the house fund and 25 to your vacation/holiday fund until you feel your holiday fund is good enough, then put the 25 back to the house fund.

**Bournecrazy** · 06-08-2008, 05:25 PM

im gonna add a little bit extra too it every wee even if its only £10, my change jar has £8 in it already so in a while i will put it in the house fund

**Bournecrazy** · 06-10-2008, 02:29 PM

ive put an extra £50 into the house fund in the last few days, money from ebay finally starting to come in

**Wendy99** · 06-10-2008, 11:17 PM

I'd do $75 towards the house and $25 towards the holiday ... you can always adjust to your holiday to a "lesser" one ... the house would be my priority imo

**Bournecrazy** · 06-11-2008, 11:17 AM

what do you mean by 'adjust' my holiday? - i didnt understand what you meant

the house is being priority at the minute, i added another £50 today and the automatic payment goes out tomorrow too as its pay day and will prob add more. but id like to have the holiday money saved for well before xmas so im not panicing at xmas as its so busy

**Greebo** · 06-11-2008, 11:23 AM

Originally Posted by Bournecrazy

what do you mean by 'adjust' my holiday? - i didnt understand what you meant

It means spend less and make gifts rather than buy them.

**Bournecrazy** · 06-11-2008, 11:28 AM

oh okies, think that might be hard to do, nbut im not planning on buying many gifts on holiday most of the money is for a mini 3-day cruise to Egypt (aholiday within a holiday) and ive also budgeted in for food costs as we are away for two weeks self catering so i dont want to eat out every day

**MysticEagle** · 06-11-2008, 02:15 PM

I agree to put more toward the house fund. You can always cut expenses while on your trip by doing only a few really special things and taking advantage of food specials. Like lunch is usually cheaper so eat big then and skimp at dinner.

Also I would love to visit Egypt someday for the archaeological sites. I plan on visiting the Egyptian exhibit in Atlanta this fall. Guess that will have to do.

Enjoy your trip!

**Greebo** · 06-11-2008, 02:19 PM

Originally Posted by Bournecrazy

oh okies, think that might be hard to do, nbut im not planning on buying many gifts on holiday most of the money is for a mini 3-day cruise to Egypt (aholiday within a holiday) and ive also budgeted in for food costs as we are away for two weeks self catering so i dont want to eat out every day

Ahhh! Typical crossing the pond lingo confusion. In the USA, at least in my experience, a holiday fund is like a Christmas fund, while what you described is what I'd call a vacation fund.

Why can't you Brits speak proper English, huh?

**Bournecrazy** · 06-11-2008, 02:36 PM

Originally Posted by Greebo

Why can't you Brits speak proper English, huh?

haha that made me laugh, i do try and change my words around for you guys - like converting my pounds to your dollars so you can all understand me. lol

Egypt is great, i went in March this year and went snorkling most of the week i was there, we are going back next year to see the pyramids and that side of the country.