Hi, guys. I could really use your
help. I'm trying to save up and
move out byy the time I'm 30, my
money is all over the place.
My friends on social media are all
buying their first houses.
I feel so far away from it.
On the road team
Waay.
What do we actually know about him?
And trying to save to buy my first
property.
I work full time as a paramedic.
I even have part time jobs on my
days off.
Here he is.
Waay.
As you're hero, as a paramedic.
And we salute you but today
we're going to save you and your
finances.
You have seen your friends
going to the next level of thier
life
Uploading photos of them in front of
a house with the keys and,
you know, the usual stuff.
When you see people post pictures up
like that, how does that make you
feel?
It kind of wants me to go
out and do something to
help me get to that stage.
You're working a lot at the moment.
Tell me about that.
Yeah. So I'm a full time paramedic
with the ambulance service that also
got a second job working at a GP
surgery and they also do kind of
event work when I have
some days off.
So what's the driver behind all of
the hours you're working?
I feel like I should be out there
doing something to keep myself busy.
Your parents? What they do?
My dad passed away when
we were quite young, actually.
So I'm the only man in the house
at the moment, so I think there's
that element to it as well.
It's really easy to fall into that.
I've just got to work all the time.
Yeah. The thing that concerns
me is I don't want you to get burnt
out. Yeah. That's one of the things
that we need to look at is
building some space into your diary.
Okay, so you're not working all the
time. It might be, you know,
go to the cinema or you go and play
cricket or whatever.
But a day where you're not thinking
about work.
Yeah, absolutely.
It's important to make time for
yourself away from work
so you don't burn out.
Planning social events with friends
and family in advance is a
great way to make sure that you
build time for yourself into
each week.
So now we need to look into your
spending and see what's essential
and what's not. So tell me what
else you spending your money on?
Probably eating out, especially
during shift work and things like
that.
Let's talk about food then.
So when it comes to takeaways, I
mean how many do you order a month?
I think working shift work and night
shift especially I can imagine my
spending is probably quite high.
You did show me some bank
statements. Sure.
And then, you know, you spend around
3 to £400 a month on
paper. Does that sound about right?
Yeah, that is surprising.
It kills me, but.
Yeah. Yeah.
All right.
Well, these costs can easily creep
up without you noticing.
So the best idea is to look for your
bank statements. And at the moola.
Cutting out here can be a simple way
of reducing your monthly outgoings.
What else are you spending your
money on?
Obviously, I've got monthly car
payments as well to do.
Okay. Right. So there is over that
one. Yeah.
Wow. How much money does it
actually set you back each month?
Probably close to a thousand.
Yeah.
It's a dream car.
It's great.
But one of your other dreams is
also to get your house exact.
Yeah, for sure.
For sure. So, you know, why don't we
jump in and you take me to where you want to live
Perfect. Jump in. No problem.
Coming to the area now.
Oh, this is this is a really nice
area.
I had to look at some of the prices.
So you want to get a flat here?
This is around £170,000.
Okay.
And the house was about £245,000.
So it's pretty good.
How much you're looking at the save.
Yeah. So if you went for a flat,
thats 10% deposit, about £70,000,
you could save up. Right. And here I
am going to talk about some tips
that help you get there.
So, number one, I want you to
remember, it is more than just
saving for your deposit.
Yeah, there are other costs
involved. The list of fees,
mortgage brokers, moving costs is a
lot more. It goes into it.so as well
as your 10% you need to save up.
Yeah. Maybe put together an extra
four or £5,000 just to cover.
Just be there. Yeah, sure.
Safety.
Okay.
Ok. Number two, don't
set yourself any possible targets.
I know you mentioned you want to buy
a house by 30 yet, but I don't want
to put too much pressure on yourself
to achieve, as I said.
It's really important that you
understand that this is your your
first home.
It doesn't have to be your dream
home. And so we can build from
there. That's all I want you to do
is focus in on the deposit.
So talk to me about how much have
you save right now?
Probably about six. Seven grand max.
My gosh.
And how much are you saving on a
monthly basis?
Maybe about 400.
Okay. All right.
So where are you saving your money?
At the moment, I've.
Got one of these kind of lifetime
ISAs. I've got stocks of shares
ones, and I've got my normal current
account.
Okay.
Excellent. I'm so happy to hear that
you got a lifetime, Isa.
That's a great account, especially
for a first time buyer.
All right, so are you maxing
out your lifetime assets?
Probably not. Not at the moment
All right. So you can pull up to
£4,000 a year into a lifetime, Isa,
and you get 25% on top
interest from the government.
So that should be your main focus.
That's where most of your money
should be. And once you've maxed
out, then you can look at putting
money into the other stuff.
That is so important.
You put your money in the right
places to work for you.
If Iz sves this 4000 a year and
the last time I saw you get 25
times more interest than what you
get on a typical savings account,
it's a no brainer.
What I'm happy to say is, is that if
you carry on with what you're doing
max out the lifetime Isa you will
get see your goal before the age of
30.
How does that feel?.
Amazing.
So if I could focus on things
probably about two bedrooms,
something around a 180 mark
So team got an amazing video
message from Az.
Hi, guys. Thank you guys so much for
your help. Emmanuel.
So I've been maxing out my lifetime
Isa now to benefit,
you know, the government bonuses
that you can get a.
Nick Thank you.
I really enjoyed our sit down
chat. I'm really starting to put
myself first here.
Thanks for your advice.
My takeaway intake is dramatically
decreased, but you got one
confession to make
a country about the beast.
Best of all, I finally took your
advice. Took a long overdue holiday
away from work. Cheers guys!
Oh, that was lovely.
Really nice
Being such a lovely guy.
Honestly, I'm so happy for him, you
know? Now he's got a goal.
Yeah. You know, he's going to be
able to buy the house that he wants.
Listen, just so I'm so happy for him
He's really taking our tips and just
run with it.
He really has.
You know what, it couldnt happen to a nicer
guy. So, honestly, honestly, brilliant.
Really, he deserves every.
Every bit of this.
Hands in, hands in. Go!!!!
On to the next one