Kennie, a compliance officer who describes herself as a "career and life bestie," has shared her tips for saving £50,000 in four years, reassuring viewers that it's not as complicated as it may seem. In a TikTok video, Kennie revealed that she didn't do anything special to save money, but her method required consistency and avoiding "lifestyle inflation."
She shared a three-step strategy that she used from the age of 21 until she was 25. Firstly, she recommended paying oneself first, with half of her £28,000 annual salary going straight into savings.
Secondly, she advised looking for high-paying jobs and switching companies for better wages but warned against lifestyle inflation. She sold her BMW to avoid unnecessary costs and invested the money instead, buying a cheaper car to align with her saving goals.
Finally, Kennie suggested living with their parents for as long as possible to reduce expenses. In the video's caption, she aimed to inspire those working 9-5 jobs who feel they can't save. Many have praised her tips for their simplicity and practicality, and the video has been widely shared.
Original story - https://www.thesun.co.uk/fabulous/21724227/money-saving-advice-lifestyle-inflation/