I saved £45k to buy my own house at 28 despite never earning more than £24k – it was thanks to side hustles
A PROUD homeowner has opened up about how she bought her first property aged just 28.
And Dee revealed that while she never earned more than £24k per year, she managed to save a whopping £45K – and she credits her side hustles with getting her onto the property ladder.
Dee, who has shared her story via her TikTok account @savingmoneybish, explained that she had various things she did on the side that helped her raise the cash over six years.
And for anyone looking to follow in her impressive footsteps, she has laid out her plan, as well as how she follows a strict budget at all times.
Dee said: “Here is how I saved £45,000 to buy a house on my own at age 28.
“Firstly, I’ve always tried to have multiple streams of income – I make money from surveys, market research, product testing.”
Further recalling how she made extra income on top of her salary, she said: “I cleaned offices on the weekend and I grow social media accounts to work with brands.”
And she said it had more than done the trick, as it had given her savings an extra boost.
Dee said: “My salary never exceeded £24,000 and while this was enough to cover rent, bills and so forth, I wasn’t going to achieve my savings goals.
“That’s why for me side hustles were essential.”
But Dee also revealed that there were some extra things she did to ensure she could get the keys to her first home.
She went on: “The extra income was all well and good, but I actually had to save it for it to be a useful tool for my future.
“I set up separate bank accounts for my savings and then adopted the zero based budgeting approach where every pound was assigned a purpose.
“As for spending, I try to buy second hand, I get cash back when I can, I don’t buy into trends.
“And I’m not afraid to say no to social events when they don’t fit into my budget.”
Going into this further, she shared another video in which she broke down her outgoings for one single month.
She said it was key to noting down exactly to the penny how much she earned, followed by exactly where her money would be going.
Once this was done, Dee said she transferred the remaining money into a separate account so she could buy food and toiletries.
Meanwhile, she would put anything else into savings pots, as she explained: “I give each of them a name. For example ‘fun money’, ‘house deposit’, ‘the holiday’ pot.
“And I’ll top each of those pots up with the amount that you see here.”
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