- Work in 'ok' jobs for our ages, making £25k + £35k
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Also is £1k per month a good amount? Feels like it compared to our friends but maybe a drop in the ocean for you Mustacheians!
The trick is to not look at the amount you're saving in absolute dollars, but as a percentage.
12k/yr out of 60k gross is a 20% savings rate. It's pretty good compared to most people, it's fairly low for a Mustachian (the average here, according to a poll of a few hundred forum users, is about 50%). You are in a high cost of living area, but still that could probably be pushed up.
With only a two year timeframe, it's probably not worth putting your money into a riskier investment that will earn more. On a long timeframe (i.e. the rest of your life - financial independence, early retirement, etc.), yes. Two years until you will need it, no.
If the timing on the house purchase is flexible (i.e. you'd be okay if it had to be delayed a year or two due to potential investment losses), then you're okay with risk and may want to go for it for the potential gains. That depends on you and your partner's personalities.
Welcome to the forums!