Mortgage free homeowner shares ‘secret’ which enabled her to pay off mortgage by age 42

Mortgage free homeowner shares ‘secret’ which enabled her to pay off mortgage by age 42

Treating oneself here and there is a decision some may take for a wealth of reasons – but it seems non-essential spending soon adds up.

Staggeringly, analysis has found British households could save nearly £2,000 per year, if they halved the amount they spend on “non-essentials”.

Using Office for National Statistics data, Atom has calculated that if British homes halved their outgoings on things such as takeaways, beauty treatments and alcohol, they could save £1,899 annually.

Edward Twiddy, Chief Customer Officer at Atom bank comments: “With the huge changes we’ve seen in the financial climate this year as a result of COVID-19, it’s more crucial than ever before for people to understand their finances and how to get the most out of their earnings.

READ MORE: Nationwide explains how former FlexDirect customers can access 2% interest offer

Published at Fri, 04 Dec 2020 22:18:00 +0000