com on the side, used frugal habits and additional income to achieve this goal. At age 25, she bought a one-bedroom flat near Sheffield for £80,000 with a £36,000 deposit, funded by a Help to Buy ISA and previous job income. 16% and paid it off within that period, now renting the flat out for £600 a month.
Her income includes around £2,140 a month from her day job and between £2,600 to £4,000 before tax from her website, plus £100 to £200 a month from side-hustles like market research. This month, she made £500 in extras from sources like switching bank accounts and online surveys. Jackson saves £500 a month in a stocks and shares ISA.
It taught us how to save, and my brother is very similar to me. We were very aware that our parents didn't have a lot of money. My dad would work extra shifts at the weekend and my mum had a big budget spreadsheet. I would sit there and watch her fill it in.
Her money-saving mindset stems from her upbringing. 'It taught us how to save, and my brother is very similar to me. We were very aware that our parents didn't have a lot of money.
My dad would work extra shifts at the weekend and my mum had a big budget spreadsheet. I would sit there and watch her fill it in,' she said. Jackson's frugal habits include taking two-minute showers and only using the dishwasher once a week, keeping her water bill at £15 a month.
They would go to car boots on the weekends or work extra shifts and I absorbed that. So when I went to university to study sports development, I did every job I possibly could; I worked as a cleaner, lifeguard, personal trainer.
She spends around £50 a month on gas and electricity by using heating at no more than 18 degrees and relying on an electric blanket. Additionally, she only has one subscription for phone data at £1 a month and avoids others like Netflix or Amazon Prime. The exact details of her retirement plan and savings goals remain unclear, as does the current value of her investments in the stocks and shares ISA.
Jackson continues to build her financial independence through disciplined spending and diverse income sources.