Saving has become a golden financial tip that everyone who desires financial security works with. It is increasingly touted as one of the many ways by which you can grow your income and build stable wealth while reaching long- and short-term financial goals. With saving, every note counts as small amounts do add up over […]
A savvy couple has revealed the easy money-saving tricks they used to save a £20,000 mortgage deposit in just a year.
Marketing manager Callie O Grady, 23, and her partner Karl, 28, an engineer, set themselves a goal to purchase their first home in 2021, but as first-time buyers during a global pandemic, they knew it wouldn t be an easy task.
The couple who live in Staffordshire challenged each other to save more than £10,000 each in 2020, to put towards a deposit on their future home.
By forgoing takeaway coffees, swapping branded foods for own-brand products and setting strict budgets, they achieved their goal and put away £20,000 in just 12 months in an effort to secure a mortgage.
NICE SAVE
We saved £20k in a year so we could buy a house, here are our easy tips so YOU can too
Updated: 15 Jan 2021, 11:58
A COUPLE who managed to save £20,000 in a year for a deposit have shared their six simple tips to help people get on the property ladder.
Callie O Grady, 23, and Karl, 28, set their sights on getting a mortgage this year, so they each set themselves a £10,000 savings goal in 2020.
7
Callie and Karl set themselves a goal of saving £10,000 each in a yearCredit: Jam Press
Callie, a marketing manager, says she was fortunate enough to work during the pandemic and used the time to squirrel away money.
My Money: I m a 33-weeks pregnant doctor
Published
image copyrightHelen Edwards
My Money is a series looking at how people spend their money - and the sometimes tough decisions they have to make. Here, Helen Edwards, 37, from Stafford in the West Midlands takes us through her week s spending.
Helen is an NHS doctor who specialises in emergency medicine. Her husband, James, is a junior NHS doctor training to be an anaesthetist.
Their work is mostly shift-based so they are able to divide the care of their daughter Beth, aged two, although she also goes to nursery two days a week and they have help from Helen s parents.