The small town of Lochgelly in Fife finally joined the rest of the UK when it?s average house price rose to £104,738, meaning that every town in the UK has an average house price of at least £100,000 minimum. The overall average house price in the UK actually tops £200,000 now.
I did a check on the average house prices in my area, and I should be looking to splash out £176,636 to buy my own property. Of course their are some cheaper options, but why opt for that when I can be ?average??
I?m saving my money, well actually paying off my debt and I should be completely debt free in a couple of months which will be a nice thing, especially when it?s so easy to spend nowadays with many people gettign further into debt. Back in October I told you how I had £2,350 on my credit cards, well now I have only £700 on them, meaning that I?ve payed off £1,650 in 6 months which isn?t too shabby. I could actually pay off the remainder now, but am biding my time in case anything urgent pops up that needs paying. As my credit card is still ?interest-free? for another 6 months then there?s no rush for now.
I?ve got no overdraft, I?ll soon have no credit-cards, and then that means I?ll actually have ?real? money in my account, not money that I?m just looking after for the bank. I must admit that I still have my student loan but that is a long-term debt which I am letting sit on the back-burner as the interest rates are low enough to not be of concern at the moment and are certainly much lower than any loan I would get to finance a house.
If I bought a house, I would obviously be going it alone and so can?t expect to get a huge mortgage, certainly nothing near the ?average?, so I think the best thing for now is to try and get together a nice deposit so that when I do take the plunge I?ll be able to enter with less-debt. Of course I?m hoping that there?ll be a crash in the housing-market before then!!
Header image under CC by _moonpie