Save, save, save – there’s no tricks here, it’s as simple as spending less than you earn and putting that money aside where you can’t touch it. How? Increase your income – second job, get promoted, move jobs, get flatmates. Reduce your expenses – get a cheaper flat, live at home, get rid of short term debt, review your variable expenses – ie the non-essential cost to live eg eating out, entertainment. If you can save $200/week, that’s over $50k in 5 years and 10% deposit on a $500k home.
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