She started saving money from the age of 16 to achieve this dream. Her mother is proud of her "driven" daughter who understood the need to save money early on.
Many people in their adulthood are scared of making decisions. Buying a house is an expensive affair, so much so that any wrong decision can wipe out a person's whole life earnings. Moreover, consistent demand for properties in the market ensures that the prices of houses are perpetually sky-rocketing.
Beating all the fears and anxiety that comes with buying a house, Isabella Hunter bought her own house at the young age of 19. Hunter put down a $23,050 deposit on a two-bedroom semi-detached house valued at $145,000 in Dearham, Cumbria, just weeks after she turned 19, per Metro.
It was not easy for Hunter to achieve this commendable feat. Along with her training to become a nurse, she worked in a takeaway on weekends at the time. Moreover, she had been saving money wherever she could from the age of 16.
"I started working when I was 15 and I opened the account with my $ 1355 savings. The maximum I could pay in was $271 per month, so that was my target," Hunter explained. Mentioning various ways in which she saved money, Hunter said, "I went on less nights out and I would always take a packed lunch to work rather than buying food out every day. I saved any money I was gifted for birthdays or Christmas."
She continued, "Lockdown really helped me to work more and save more. I stayed motivated because I knew what I wanted and knew smaller sacrifices would be worth it once I got a place of my own. I am a saver at heart. When I get paid before I spend anything I move a set amount into a separate savings account. When I went to college, I had two days with no lessons, so I got a job in a GP surgery to gain experience and then I worked weekends as well."
Not just that, Hunter makes smart financial decisions. "I don't need or want the latest phone or designer clothes. I do love a deal and will always shop around, I get a student discount and I have a blue light discount so I make sure that I am getting the best price possible," she said. Explaining the benefits of investing early, she said, "I wanted to get on the property ladder as it gives me independence and makes financial sense. It's an asset and my mortgage is much cheaper than renting."
After getting the keys to her first property in April 2021, she was more than happy to DIY her way into her house by painting and decorating it herself. "It needed a new kitchen but the rest of the house just needed redecorating. I got my sofa and armchair on Facebook Marketplace and I love to shop in charity shops."
Meanwhile, sharing how her "driven" daughter understood the need to save early on, proud mom Kerri Hunter said, "When Izzie got pocket money from us and her grandparents she would save up to buy something she wanted, so she understood that you have to save if you want something from a young age." She continued, "Izzie has always been very driven and when she sets herself a goal she does everything she can to achieve it. She works hard to get what she wants and it's been quiet without her at home, but the treat cupboard seems to stay full longer these days."
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Representative Cover Image Source: Getty Images | Catherine Falls Commercial
