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Genius engineering means it will be easy for me to save on my home deposit and you can too

One WOMEN has revealed her genius strategy for saving enough for a home deposit – and she tells everyone exactly how they can do it too.

A budget influencer with the username ‘She’s on a Budget’ shared her personal savings challenge, which ensures she’ll have enough savings to fund her purchase. home.

A budget influencer reveals a strategy for saving enough money for a down payment on a home

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A budget influencer reveals a strategy for saving enough money for a down payment on a homeCredit: TikTok / @shes.on.a.budget
Her smart tracking is the key to her success, she says

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Her smart tracking is the key to her success, she saysCredit: TikTok / @shes.on.a.budget

This strategy is based on cash stuffing, which is when you save cash by putting it in an envelope.

Budget influencers use a “smart tracker” for this particular savings challenge. This is a piece of paper with 250 cells, numbered from one to 250.

She also has 250 corresponding envelopes, each with a number stamped on it.

Each week, she would pick out an envelope, look at the number printed on it, then put the money inside and put the money towards her end goal.

However, she did say that if her budget allowed it, she would pick more than one envelope per week, speeding up overall progress toward reaching her goal.

“I have numbered my tracking from one to 250, and if I manage to put that in each specific envelope, no matter how long it takes, I will eventually hit my 31,375 savings goal,” she said. pound.

“My plan is to draw one envelope, or at least one per week, sometimes it can be two, sometimes it can be four, it just depends on what my budget is set up like. how.

“At the end of the savings challenge, I will cross out all the boxes and the total amount in those envelopes will be the amount at the bottom here.”

The clip has already garnered 14,000 likes, and commenters are eager to start the challenge themselves.

“This is such a great idea and it can be done!! Thanks for showing us this,” one person commented.

Another said: “This is genius! Oh my God!”

The savvy saver started her online budgeting journey by challenging yourself to pay off debts of more than £12,000.

Now, she has 45,000 followers on Tiktok, as well as over 5,000 on YouTube and over 5,000 on Instagram.

For more money-saving tips, see how you can save £100 per week with no effort with these simple changes.

And this Woman saves £8k in a year using simple tricks – it’s easy and made Christmas cheaper – here’s how you can do it too.

Meanwhile, my partner and I never have takeout or designer stuff and we’ve saved £20k in 10 months – here are my top tips.

Mom Savvy shares the simple way she got her refund after forgetting to cancel her subscription – and she thinks it always works

https://www.the-sun.com/lifestyle/4568559/genius-technique-save-house-deposit-you-can-too/ Genius engineering means it will be easy for me to save on my home deposit and you can too

PaulLeBlanc

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