Regular saving is more effective than relying on irregular one-off sums.
Once you know the amount of deposit you’ll need, make a plan to reach this goal.
How long it’ll take depends on how much you can afford to set aside each month. Be realistic about how much you can afford. It can help if you set up a standing order into savings for the day after you get paid.
For example, if you want to buy in three years’ time and will need £10,000: you’ll need to save around £265 a month.
But, if you only feel comfortable saving £150 a month, you'll hit your savings goal in just over five years instead of three.
This might seem a long wait, but it’s better than trying to save too much and giving up altogether.