A woman has shared the list of rules she has set herself in a bid to avoid overspending . Mia McGrath, 23, has managed to save an incredible £60,000, but had had to be ‘strict’ with herself to do so, avoiding ‘unnecessary spending’. During her time at university, Mia began to focus on her personal finances , and decided that she wanted to be able to buy her own home.
She realised that with a salary of £30,000 she would need to put down a deposit of £120,000 in order to be able to get a foot on the property ladder and purchase a £300,000 London home. The TikToker , who recently went viral sharing her hacks to ‘live below her means’, has now saved £63,000. She told Absolutely Business : “As a woman on social media, it’s so tempting to over-consume.
We have so many temptations now like overpriced skincare, makeup, and clothes. Buy now pay later services are the credit cards of my generation and they're making it easier for people to live beyond their means. “[In order to save money ], I cut back and started to live below my means.
This meant bringing my lunch to work every day, making coffee at work instead of buying it out, shopping sparingly and avoiding takeaways and Ubers.” Another thing that Mia says has been a key factor in helping her to save money is being able to live at home, a privilege that she understands not everyone has. When it comes to what she spends on, the TikToker says that there are five things she never spends money on.
Mia refuses.