I saved £25,000 in a year with help of ‘minimal’ money challenge to buy £250,000 first home

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I saved £25,000 in a year with help of ‘minimal’ money challenge to buy £250,000 first home
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I saved £25k to buy my first £250k home

first home inSoph, who works in property development, hated paying rent and longed to be a homeowner by the time she turned 30.

Many people find it difficult to save for a deposit over time, so Soph knew if she gave herself a firm deadline of one year to save for her first home, she’d perform better.I wouldn't have my £152k home without an 'epic' scheme & I got £3k free cash too Plus there's the 52-week challenge, which works by getting participants to put aside £1 for the first week, £2 for the second, £3 for third and so fourth, until the end of the year.

My first home is forty years old. The attached garage and back extension provides space so I can create more rooms in the future.How did you decide on the location?had a list of features that were definite, and features that I could live without. This helped me quickly say no to some properties.This is because I work in the city and have a hectic lifestyle, so I really value my downtime and peace is important to me.There are a mix of families and couples living here, which I love.

I set up a dedicated savings account and had £1,000 a month go directly from my wages into the account.I moved back in with my mum who had an empty box room in an effort to shrink my outgoings. I prepared meals once a week and ate what I had in the freezer or my mini cupboard which meant I didn’t waste anything.

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