Not everyone thinks of getting their own house in their twenties but James Taylor and his girlfriend decided to take the big step of their lives and save £18,000 for the house deposit. "The best savings tip I can give is to find remote work or some side jobs and give it your all," he suggested.
The 26-year-old, James Taylor decided that he have had enough with the renting. The man who had been living in a rented place in Manchester city centre came up with a savings plan along with his girlfriend.
Together with his girlfriend, James, the marketing director, decided to save £18,000 ($23,400) and buy a new build in Greater Manchester.
"My girlfriend spent countless hours searching for a perfect location that would still be close enough to Manchester city centre, and within a few weeks we'd reserved the plot," he said.
According to James, "It took six months in total to save up for the house deposit - including enough left over money for furniture and the other bits we would need to buy. The biggest sacrifice was my time as over the six month period I was also doing freelance work and growing my business over the weekends."
The hard-working man further told the media he opened a Help to Buy ISA and took up work seven days a week to help boost his income.
"Prior to my job now, I worked for a digital marketing agency for three and a half years. From the start, I always dabbled in little bits of freelance work. It wasn't until I decided to get serious about saving for the house deposit that I really ramped-up the level of work, to the point where I was working weekends for the purpose of saving not only the deposit, but to also have enough money left over to buy things like a couch, white goods, etc. The sacrifices for me were the time in building up the freelance side of work, as it had to be done after work and on weekends," he added.
When asked about some tips, the 26-year-old revealed, "I had a salary of £24,000, and was also earning around £3,000 more each month thanks to the freelance work. The part time job covered the essentials like rent, and the freelance money went straight into the house savings. The best savings tip I can give is to find remote work or some side jobs and really give it your all."