Feb 26 • 07:03 UTC 🇬🇧 UK Mirror

Couple buy house at 19 after ditching takeaways and nights out

A young couple achieves homeownership at the age of 19 by significantly reducing their spending on takeaways and nightlife.

Megs Clement and Sam Rice, both 19, have made headlines after purchasing their first home in Devon after just 18 months of diligent saving. The couple, who have been together since they were 16 years old, managed to gather a deposit of £19,000 from a total expenditure of £28,000. Their determination to save was fueled by a desire for independence, which was ignited by house-sitting for Megs' grandparents, ultimately prompting them to reassess their financial habits.

The pair adopted a frugal lifestyle, setting a target of saving £1,000 each per month, which meant cutting back on their previous habits of indulging in fast food and frequent nights out. This shift aligns with a broader trend among Generation Z individuals who are increasingly choosing to prioritize savings over traditional social leisure activities. Their success highlights a growing consciousness among young adults about financial stability and homeownership as attainable goals, even at a young age.

Megs, who is now working in end-of-life care, expressed pride in their achievement and indicated that their choices have allowed them to focus on building a life centered around their newly acquired home. As they undertake the journey of homeownership, their story serves as an inspiring example for other young couples who may feel discouraged about starting their own financial journeys amid the rising cost of living in many parts of the UK.

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