BenjiXI
2018-11-11 17:01:46
- #1
Hello dear community,
My girlfriend and I are 19 / 21. We want to fulfill the dream of owning a home someday. (Please no comments like "grow up first," "see if you stay together," blah blah blah). We have been together for 5 years now and both started our apprenticeships this year. We would like to build a house in our early 30s if everything goes well and want to start saving money to make this possible someday. Together, we could save €800 in the first year of apprenticeship, €1000 in the 2nd and 3rd years. Afterwards, we would like to save a bit more each month, about ~ €1200. Our saving period would be around 7-8 years. Now the question is how to save the money best: building society savings, daily allowance account, or a securities account, although the latter requires quite a lot of knowledge (I have only skimmed through it). I think many here already have lots of experience and can give us helpful tips that we would be very grateful for. We would also like to be flexible with the money, meaning that if something comes up in those 7-8 years and the house purchase does not happen, we don’t want to have debts or have to pay money because of fixed terms or other reasons. As I said, I am unfortunately very inexperienced and am dealing with this topic for the first time.
Thanks in advance for the help and tips. If more information is needed, just let me know; unfortunately, I don’t know which data are interesting in such cases.
My girlfriend and I are 19 / 21. We want to fulfill the dream of owning a home someday. (Please no comments like "grow up first," "see if you stay together," blah blah blah). We have been together for 5 years now and both started our apprenticeships this year. We would like to build a house in our early 30s if everything goes well and want to start saving money to make this possible someday. Together, we could save €800 in the first year of apprenticeship, €1000 in the 2nd and 3rd years. Afterwards, we would like to save a bit more each month, about ~ €1200. Our saving period would be around 7-8 years. Now the question is how to save the money best: building society savings, daily allowance account, or a securities account, although the latter requires quite a lot of knowledge (I have only skimmed through it). I think many here already have lots of experience and can give us helpful tips that we would be very grateful for. We would also like to be flexible with the money, meaning that if something comes up in those 7-8 years and the house purchase does not happen, we don’t want to have debts or have to pay money because of fixed terms or other reasons. As I said, I am unfortunately very inexperienced and am dealing with this topic for the first time.
Thanks in advance for the help and tips. If more information is needed, just let me know; unfortunately, I don’t know which data are interesting in such cases.