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.
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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.