A WOMAN who owns three properties and has a whopping £75,000 in the bank has revealed how she plans to retire at 40.
Charlie Louise is on a mission to save as much cash as she can, and in a video posted to her TikTok channel, recently revealed the five money rules she always sticks to.
Chloe has £75k saved at just 27[/caption]
She shared her money saving tips[/caption]
The savvy saver’s first rule is that she only ever eats out on special occasions, or when she’s doing mystery shopping, which is where you review meals in exchange for free food.
She added that she only ever has a takeaway about three times a year.
Charlie’s second rule is to prioritise putting her savings into a stocks and shares ISA, so that she can see her money grow.
She is currently 25% of the way towards her £100,000 goal.
For this penny pincher, work does not end at 5pm, and Charlie revealed she spends her evenings doing mystery shopping, market research and product testing.
“My 20s are for making money so that I have more freedom in my 30s”, she said.
She added that her goal is to make £27 a day, as over a year this will add up to a whopping £10,000.
Every month, Charlie allocates herself just £200 for non-essentials, and only uses her credit card for rewards.
“I say no to going out with friends if it would take me over my £200 monthly budget”, she admitted.
Finally, Charlie makes a strict budget for everything and buys gift cards where she can to earn cashback to overpay on her mortgage.
“I don’t bury my hand in the sand regardless of whether it’s good or bad”, she added, referring to her financial situation.
Charlie’s @charlie_louise_cc video has likely left many impressed, as it has racked up over 188,000 views on the video sharing platform.
TikTok users raced to the video’s comments section to share their thoughts on her money-saving hacks.
One person said: “These are really good rules.
“I’m so jealous of your stocks and shares balances.”
Money-Saving Tips from Gemma Bird: Save £2k Before Christmas
IF youre’ looking to save cash, you’ve come to the right place, as here, Gemma Bird has shared her top tips that’ll save you £2k before Christmas.
- Set a budget: Track your spending and create a realistic budget.
- Cut unnecessary costs: Cancel unused subscriptions and avoid impulse buys.
- Meal planning: Plan meals to reduce grocery bills and avoid takeaways.
- Sell unwanted items: Declutter and sell items online for extra cash.
- Cashback and discounts: Use cashback sites and hunt for discount codes.
- DIY gifts: Make personalised gifts to save money and add a personal touch.
- Pick up a seasonal shift: A really easy way to pick up a bit of extra cash in the winter is to find yourself some seasonal work.
Follow these practical tips from Gemma Bird to boost your savings before the festive season!
A second person said: “Congrats, very reasonable and effective strategy.”
A third person added: “I love this for you!”
“So inspiring.”
