A British youtuber revealed how she managed to buy an apartment at 22 without the help of her parents

No need to limit yourself to going out with friends or to stop going on vacation, the British youtuber Hazel Wood managed to get her first apartment at 22 without borrowing money from the bank or their parents.

The Esbad native has revealed that she does not have to make big sacrifices to achieve the following goal: for many young people, it would be impossible. Wood revealed that saved for two years, period in which he lived with his parents, but without limiting his travels. Everything was a planning question.

"I really think it's possible for young people to get there," he told the British newspaper. Daily mail. The influencer I was determined to save 26,274 USD in two years, So he set a basic budget in which he planned to feed himself, get a mobile phone plan and pay for his car, to find out what he could reduce.

"For example, changing the vehicle has saved me $ 131 a month." Pbading a phone plan to a SIM card can dramatically reduce costs. I also canceled my subscriptions to Spotify, Netflix and Hayu, which saved me $ 34. Everything counts. "

By reducing costs he stopped eating in restaurants and buying clothesbut that did not mean to stop having fun. So decided to set a monthly budget of $ 262 to go out with friends. "Instead of going to expensive bars, we would meet at home to drink a little, and then we would leave, so I spent less in a bar."

When, in early 2018, he reached the goal of 26,274 USD, he gave a down payment for the purchase of a one bedroom apartment in Witham, Esbad, but he declared: "Despite my deposit, I could not borrow enough for a property of 262,761 USD. because of my income. "

"So I opted for a loan of badistance with the purchase, with a mortgage guarantee, which allows you to use a deposit of 5%, The government gives you a loan of 25%. Finally, I only had to deposit $ 13,136 as a deposit for the property and I had half of my savings, which I then used to cover court costs, land rent, service charges and the furniture. "

Hazel Wood was one of the people that the British government helped to buy their own home. These present two diets: Help with the purchase: Shared ownership and Help with the purchase: Mortgage guarantee loan.

With the scheme you have chosen, the government lends up to 20% of the cost of a new house, so that the person will only need that a deposit of 5% and a mortgage of 75% to make up the rest. They do not charge interest on the 20% loan during the first five years of the property.

Through YouTube, Hazel Wood already boasted about her low-budget, but tastefully decorated, furnished apartment. He also counseled his followers on the subject, and admits that continues to try to save for a larger property.

"It would be nice to keep my apartment to rent it, but at this point it is only a dream, it is not yet an objective. For now, it's worth having my own house. "