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A mother has revealed that she was able to save enough money to buy her first home in just two years.
Ria Alice, 25, and her boyfriend Reivan Griffin, 26, bought a £ 145,000 Victorian terraced house in Nottingham last year after placing £ 14,500 for a 10% deposit, while They did not have money from their mother's bank. Dad & # 39 ;.
The couple, who has a four-year-old son Markus, saved about £ 700 a month, largely due to the family's decision to move to Ria's mother's house, where she did not pay rent. nor invoice.
Medical badistant Ria and Reivan, delivery boy, also changed their lifestyle, including removing takeaway coffees, exchanging phone contracts and canceling monthly subscriptions to the Beauty Box, Tidal and Hayu brands, which have allowed to save £ 30 a year. month – or £ 720 over two years.
Even seemingly small savings were quickly added. By changing auto insurance provider, for example, Ria and Reivan were entitled to an additional £ 340 over 24 months.
Savvy savers, who have been together for nine years, have also adapted their way of socializing and spending time with their family, exchanging expensive meals in the restaurant and evening outings on the couch, and free outdoor activities for Markus.
Ria Alice, 25, and her boyfriend Reivan Griffin, 26, have bought a £ 145,000 Victorian terraced house in Nottingham last year, after putting £ 14,500 in two years, while in the United Kingdom it's a good thing. they did not have money from the bank of their father and mother. In the picture, the couple with his son Markus
Medical badistant Ria and Reivan, delivery boy, also changed their lifestyle, including removing takeaway coffees, exchanging phone contracts and canceling monthly subscriptions to the Beauty Box, Tidal and Hayu brands, which have allowed to save £ 30 a year. month – or £ 720 over two years. In the picture, the comfortable living room of their family home
The couple, who has a four-year-old son Markus, saved about £ 700 a month, largely due to the family's decision to move to Ria's mother's house, where she did not pay rent. nor invoice. In the picture, Markus's elegant room in the family house
Savvy savers have also adapted the way they socialize with their friends and spent time with family, exchanging expensive meals at the restaurant and evening outings on the couch, and free outdoor activities for Markus. In the photo, the elegant kitchen inside the renovated Victorian house
Revealed: the bank account that helped Ria maximize its savings
In a video posted on her YouTube account, Ria explained how she had optimized her savings by opening an ISA for purchase support to which the government could contribute.
She said: "To start buying an ISA purchase aid, you can start by paying £ 1,000 plus 200 withdrawals a month. The maximum you can save each month is £ 200.
"When you open it for the first time, you can immediately shell out £ 1,200 and you need a minimum of £ 1,600 to qualify for your government grant."
According to the website of help with the purchase, the government can provide up to £ 3,000 if you have saved £ 12,000.
The disadvantage of the buy-back system is that public financing can not be used for "the exchange of contracts, to pay the attorney's fees, the real estate agents' fees or any other indirect cost related to the purchase of a house ".
Ria said:I will not lie, saving a deposit for our house was a difficult process. We went back to my mother's house and eliminated all non-essential expenses.
My motto was "Live as if you were broke!" so I got rid of all my subscriptions online and stopped taking coffee to take away, for example.
"It was really a killer. But you must remember that these small sacrifices will not last forever. They are temporary and mean that you can improve your life and that of your family. & # 39;
In a YouTube video about her journey, Ria also revealed that she was maximizing her savings by opening a Help-to-Buy ISA that saw the government contribute to its small budget.
A person's mother was living with her grandmother before returning home, which meant that she had been saving for several months in the run-up to the two years of crisis for filing.
Ria reduced her monthly expenses to save enough for her first home, a Victorian terraced house. In the photo, the living room being renovated and decorated by the couple
The couple bought the property and are turning it into the house of their dreams. In the photo, the living room after some work
Ria revealed that sometimes she had to take care of her son while she was not sleeping much after working overtime. In the photo, Markus, four
"Going back to my mom's house gave me a huge opportunity to save for a mortgage deposit," Ria continued.
Small changes, big savings: how Ria saved for her security deposit
– She transferred her family to her mother's house, where she did not pay rent or bills. This represented the majority of the £ 700 saved by the couple each month
– Exchanged expensive days with family for cheap days. Examples include Easter egg hunts and Halloween trails that cost £ 1 on admission or sometimes even for free.
– Change of car insurance provider to a supplier costing £ 14 less per month
– Canceled monthly subscriptions – like Beauty Box, Tidal and Hayu, which saved £ 30 a month – or £ 720 in two years
– stopped drinking coffee to go
– Kept the old telephone handset and opted for a SIM-only offer to save money
– Swap parties with friends to chat on the couch – with a cup of tea & # 39;
– Took extra night shifts as a caregiver for extra money
"I was very lucky to be able to do that because it meant not having to pay rent or other household bills elsewhere.
Ria also examined her levies to see if there was any way to reduce her expenses.
"For example, I bought cheaper car insurance and it went from £ 72 to £ 58 a month," she said.
"And when my phone contract ended, I just kept my old handset and switched to a SIM-only deal, which significantly reduced my costs.
"Unless you need it, do not spend it. And I did not need a new shiny phone.
"The way I thought was," Will I miss the opportunity not to take this coffee to go every day, or would I rather save all that money and be able to buy my house anymore? " early?"
Like many parents, Ria was anxious to entertain Markus, but she found clever ways to do it without spending her money.
She added, "And I've never missed spending days with Markus. We discovered local activities such as Easter egg hunt and Halloween trails that were worth £ 1 for admission, and sometimes for free. & # 39;
She continued, "For moms who want to continue treating their children alongside savings, there are so many local and family friendly activities to do for free or for a small fee. You just have to do your research and look around.
The mother of a child (with her son Markus) said that she was willing to make sacrifices, including finding new ways to spend time with her son to reduce expenses.
Ria also looked for cheaper auto insurance offers and opted for a phone contract reserved for sims to reduce its collection costs. In the photo, the room of his son
The owner made the decision to spend nothing, including the purchase of a new phone. In the photo, the room of his son
Ria took the same approach when it was time to spend time with her own friends, explaining that she was giving up meals to the benefit of a cup of tea on the couch.
The resourceful mother also urged others to try to find extra income.
"When you save for a deposit, work harder," she explained. "Find a second job, join a temporary employment agency. No matter what to earn a little more money while sparing.
"In addition to working in my regular job, I worked night shifts to earn extra income.
She added, "Sometimes the next day. I would not have organized childcare for Markus, so I would care for him after very little sleep. & # 39;
The mother of one person revealed that she "would live as if she were broke" – not buying holidays or splurging on impulsive meals. In the picture, his bedroom during renovations
Ria (her bedroom photographed during the renovation), who now shares her life on YouTube, revealed that she had begun documenting the renovation of the house and giving tips to save
Ria said that it was possible for all young people to access the property with dedication and research. She canceled a number of nonessential subscriptions such as Tidal and Beauty Box.
Ria (photographed with Markus) said that making sacrifices for not buying coffee every day or relying on subscriptions was worth it because it allowed him to buy his house earlier.
Get on the property: Four steps that everyone can take
COME WITH YOUR PARENTS: If you can, go back to your parents 'or grandparents' house – anyone who can accommodate you can reduce rents while saving. It makes a huge difference.
ADDITIONAL WORK: Whether it's for a second job, extra shifts or to join an agency, find a way to increase your income and save more money. Once you receive this extra salary in your bank account, put it directly into your savings.
Manage your outings and see what you can sacrifice: Make a list of your expenses and divide them into a list of what is important and what is not. Do you need this Hayu subscription? Can you reduce your car insurance? It's amazing what you can save by re-evaluating your expenses and eliminating all non-essential costs!
Live as you are broken: This is my favorite tip for those who want to access the scale of the property! Live as if you did not have money to make this meal at random or on vacation. Only go out on special occasions and only buy what you need, not what you want.
"It was really hard, but it pays when you have more money to save. If you really want this property then you will do what you need.
Although Ria's house needs a lot of modernization, she was still on the moon when they bought it.
"Buying a home has also helped me a lot in building my social media platform," she said. "I'm now posting home improvement videos on YouTube that have opened a new audience to my channel."
She continued, "Even though I love our home, I will not stay here forever. We want to stay here for about seven years. I am inspired to continue renovating properties now and climbing the ladder.
"YouTube subscribers often ask me for videos about buying your first home. I love helping them with tips and documenting our refurbishment path on social media's ###.
"I plan to create more content for first-time buyers and I'm doing a video on what to look for when viewing a property."
Ria, (photo with Markus), was inspired to continue renovating properties and climbing the ladder
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