WEBVTT

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Hi, guys. I could really use your

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help. I'm trying to save up and

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move out. By the time I'm 30, my

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money is all over the place.

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My friends on social media are all

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buying their first houses.

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I feel so far away from it.

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On the road team

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Waay.

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What do we actually know about him?

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And trying to save to buy my first

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property.

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I work full time as a paramedic.

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I even have part time jobs on my

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days off.

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Here he is.

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Waay.

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As you're hero, as a paramedic.

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And we salute you but today

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we're going to save you and your

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finances.

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You have seen your friends

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going to the next level of thier

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life

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Uploading photos of them in front of

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a house with the keys and,

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you know, the usual stuff.

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When you see people post pictures up

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like that, how does that make you

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feel?

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It kind of wants me to go

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out and do something to

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help me get to that stage.

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You're working a lot at the moment.

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Tell me about that.

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Yeah. So I'm a full time paramedic

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with the ambulance service that also

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got a second job working at a GP

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surgery and they also do kind of

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event work when I have

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some days off.

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So what's the driver behind all of

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the hours you're working?

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I feel like I should be out there

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doing something to keep myself busy.

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Your parents? What they do?

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My dad passed away when

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we were quite young, actually.

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So I'm the only man in the house

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at the moment, so I think there's

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that element to it as well.

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It's really easy to fall into that.

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I've just got to work all the time.

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Yeah. The thing that concerns

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me is I don't want you to get burnt

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out. Yeah. That's one of the things

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that we need to look at is

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building some space into your diary.

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Okay, so you're not working all the

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time. It might be, you know,

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go to the cinema or you go and play

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cricket or whatever.

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But a day where you're not thinking

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about work.

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Yeah, absolutely.

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It's important to make time for

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yourself away from work

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so you don't burn out.

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Planning social events with friends

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and family in advance is a

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great way to make sure that you

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build time for yourself into

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each week.

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So now we need to look into your

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spending and see what's essential

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and what's not. So tell me what

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else you spending your money on?

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Probably eating out, especially

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during shift work and things like

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that.

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Let's talk about food then.

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So when it comes to takeaways, I

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mean how many do you order a month?

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I think working shift work and night

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shift especially I can imagine my

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spending is probably quite high.

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You did show me some bank

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statements. Sure.

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And then, you know, you spend around

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3 to £400 a month on

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paper. Does that sound about right?

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Yeah, that is surprising.

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It kills me, but.

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Yeah. Yeah.

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All right.

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Well, these costs can easily creep

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up without you noticing.

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So the best idea is to look for your

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bank statements. And at the moola.

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Cutting out here can be a simple way

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of reducing your monthly outgoings.

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What else are you spending your

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money on?

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Obviously, I've got monthly car

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payments as well to do.

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Okay. Right. So there is over that

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one. Yeah.

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Wow. How much money does it

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actually set you back each month?

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Probably close to a thousand.

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Yeah.

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It's a dream car.

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It's great.

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But one of your other dreams is

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also to get your house exact.

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Yeah, for sure.

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For sure. So, you know, why don't we

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jump in and you take me to where you want to live

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Perfect. Jump in. No problem.

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Coming to the area now.

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Oh, this is this is a really nice

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area.

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I had to look at some of the prices.

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So you want to get a flat here?

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This is around £170,000.

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Okay.

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And the house was about £245,000.

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So it's pretty good.

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How much you're looking at the save.

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Yeah. So if you went for a flat,

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thats 10% deposit, about £70,000,

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you could save up. Right. And here I

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am going to talk about some tips

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that help you get there.

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So, number one, I want you to

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remember, it is more than just

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saving for your deposit.

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Yeah, there are other costs

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involved. The list of fees,

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mortgage brokers, moving costs is a

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lot more. It goes into it.so as well

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as your 10% you need to save up.

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Yeah. Maybe put together an extra

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four or £5,000 just to cover.

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Just be there. Yeah, sure.

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Safety.

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Okay.

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Ok. Number two, don't

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set yourself any possible targets.

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I know you mentioned you want to buy

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a house by 30 yet, but I don't want

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to put too much pressure on yourself

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to achieve, as I said.

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It's really important that you

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understand that this is your your

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first home.

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It doesn't have to be your dream

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home. And so we can build from

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there. That's all I want you to do

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is focus in on the deposit.

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So talk to me about how much have

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you save right now?

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Probably about six. Seven grand max.

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My gosh.

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And how much are you saving on a

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monthly basis?

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Maybe about 400.

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Okay. All right.

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So where are you saving your money?

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At the moment, I've.

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Got one of these kind of lifetime

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ISAs. I've got stocks of shares

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ones, and I've got my normal current

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account.

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Okay.

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Excellent. I'm so happy to hear that

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you got a lifetime, Isa.

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That's a great account, especially

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for a first time buyer.

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All right, so are you maxing

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out your lifetime assets?

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Probably not. Not at the moment

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All right. So you can pull up to

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£4,000 a year into a lifetime, Isa,

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and you get 25% on top

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interest from the government.

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So that should be your main focus.

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That's where most of your money

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should be. And once you've maxed

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out, then you can look at putting

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money into the other stuff.

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That is so important.

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You put your money in the right

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places to work for you.

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If Iz sves this 4000 a year and

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the last time I saw you get 25

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times more interest than what you

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get on a typical savings account,

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it's a no brainer.

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What I'm happy to say is, is that if

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you carry on with what you're doing

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max out the lifetime Isa you will

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get see your goal before the age of

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30.

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How does that feel?.

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Amazing.

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So if I could focus on things

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probably about two bedrooms,

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something around a 180 mark

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So team got an amazing video

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message from Az.

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Hi, guys. Thank you guys so much for

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your help. Emmanuel.

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So I've been maxing out my lifetime

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Isa now to benefit,

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you know, the government bonuses

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that you can get a.

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Nick Thank you.

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I really enjoyed our sit down

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chat. I'm really starting to put

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myself first here.

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Thanks for your advice.

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My takeaway intake is dramatically

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decreased, but you got one

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confession to make

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a country about the beast.

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Best of all, I finally took your

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advice. Took a long overdue holiday

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away from work. Cheers guys!

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Oh, that was lovely.

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Really nice

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Being such a lovely guy.

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Honestly, I'm so happy for him, you

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know? Now he's got a goal.

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Yeah. You know, he's going to be

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able to buy the house that he wants.

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Listen, just so I'm so happy for him

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He's really taking our tips and just

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run with it.

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He really has.

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You know what, it couldnt happen to a nicer

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guy.

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So, honestly, honestly, brilliant.

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Really, he deserves every.

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Every bit of this.

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Hands in, hands in. Go!!!!

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On to the next one