How can I improve my savings to buy a house in a year?
Cara Martin, 28, is a qualified social worker and works full time in adult mental health for the Belfast Health and Social Care Trust. She lives at home with her parents in the family home in the south of the city. “My financial goals include increasing my personal savings and working towards buying my own home within a year,” she says.
Besides getting a foot on the property ladder and increasing her savings, Cara would also like some investment advice. “I am sceptical of the risks of making a bad investment and would like to have solid advice to help me make the correct choice when investing my money.”
Case notes
Income: £22,000 per year
Monthly outgoings: £400 rent, £134 for a car, £15 for private health insurance, £15 for mobile phone.
Debt: £20,000 student loan
Savings: None
Read the rest of the article on the Independent website, with advice given by Dennis Hall of Yellowtail Financial Planning and two other advisers.
