What’s your money goal?
Specifically trying to put enough money into my LISA [Lifetime Individual Savings Account] each month to ensure I get the full yearly government contribution.
Why is that important to you?
So I can maximise my deposit for a house.
How much progress have you made so far?
I’m on track…Luckily lockdown has helped me get ahead and brought forward the time that we could look to buy.
What challenges are you experiencing in reaching your goal? (Be honest)
The challenge is and will always be putting away the targeted savings amount per month. It’s so easy to plan events or holidays and dig into your savings.
How would it feel to reach your goal?
I’m so looking forward to being a house owner, it feels like a long time coming and a lot of commitment to saving.
Additionally, because the renting market is so expensive buying a house will free up some of my monthly income so we can start to do more and plan more things again which will be an added bonus.
How has your attitude to money changed since working on your goal?
I think I have had savings goals for so long my attitude hasn’t changed a lot. What made a big difference was when my salary and living expenses allowed me to have some money left over and actually start to save. Even if it was putting away a rainy day fund. It’s nice to know that you have a little bit of money just in case.
We reward every story we use with a £25 Amazon Gift Card. Want to share your story?
At LOQBOX our mission is to drive financial inclusion by helping people build their financial health. Talking about money and our goals is really important in achieving this as it helps to inspire and motivate others to take positive action that improves their lives as well. If you’d like to share your story with LOQBOX you can do so here. We reward every story we use with a £25 Amazon Gift Card.
If you’d like to find out more about how LOQBOX can help you build a better financial future — for free — then check out how it works here.
Build your credit score
by saving as little as £20 per month