One savvy spender has revealed how she turned a 99p website purchase into a £30,000 side hustle. She has now managed to make and save enough money to get on the property ladder, despite only working part time.
Emma Jackson, 27 from Sheffield, managed to buy her first home by saving up a £36,000 deposit in five years. She describes herself as “the one-woman team”, working as a babysitter, cleaner, personal trainer and lifeguard during her studies at University.
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By combining her incomes with smart spending and blogging in her spare time on Bee Money Savvy, she has now created a profitable business and is now looking to upgrade into a bigger living space.
Emma, who shares her financial tips on Instagram, told LatestDeals.co.uk: “I was very much on a budget when I founded Bee Money Savvy. I bought the domain name for 99p and paid £30 for 12 months of hosting.
“It was three months before my website made its first £10 and within six months it had its first £100 month. In my first year of blogging, I earned £1,500. That’s grown each year and this year I have earned £30,000 as a blogger”.
Making and saving money can feel like an uphill battle if you’re working part time, on a small wage or struggling in general with the cost of living crisis. For those who want to focus more on cutting back financially, or aren’t able to work, Emma has some tips to follow.
She said: “A great place to start is reviewing your current spending. Print out your monthly bank statements and highlight any non-essential spending to see where you could cut or reduce the cost.
“There are some essential bills that we can’t avoid (e.g. water, council tax, and energy) but take a detailed look at each one to see if you could be eligible for a discount.”
Emma managed to put down a 45% deposit on her current flat and get approved for a mortgage despite her low income. Now, she’s looking to the future.
Emma added: “I was living off a part-time wage and struggling to get a mortgage offer. I managed to get my mortgage by talking to a really great mortgage broker, he talked me through my affordability and I started looking at properties that were within my budget. I had to make some small compromises on size and location but I’m glad I did because now I have my first home and can look at upgrading in the near future”.
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