The importance of saving money

Home / Blog / Being a mum / The importance of saving money

Chloe from Teen Mom UK explains how she is saving money and how it’s all worth it in the end!

Here’s what Chloe says in the video if you can’t watch it…

Hi I’m Chloe, I’m 19 and from the show Teen Mom UK.

The biggest challenge for me at the moment is the house situation.

So, at the moment I’m living with my Mum.

I work part time, Jordan works full time. He works in the day and I have to work in the evenings so that we don’t have to put Marley in childcare and that’s gonna take a massive chunk of our wages.

Luckily I’ve got a very supportive Mum and his Mum and our families. So in between the swapping, I start at 4, he finishes at 5, my Mum will have Marley.

So basically, what we earn, we literally save £50 of it for living off and everything goes into the savings account.

And that is from us being lucky enough to live with my Mum.

I know that if we were already in our own place and renting, it’ll be a lot harder but I would always recommend just trying to save because even if it’s not for a house, something’s going to go wrong.

I feel like your washing machine will break or your dishwasher breaks or the kettle or anything and that’s where your savings are going to massively help.

For us, we’re saving for a house so we have literally saved every single penny we have earned and it is so worth it now.

Whereas before when we were struggling, it was not very nice and we kept thinking, ‘oh we’re not having a life from this,’ but now we’ve got to the stage where we can get a house, it was all worth it.

And I’d say that is a massive throw out there is to try and save as much as you can.

I know it is hard but if you’re not looking at a house and you’re happy renting and everything like that, always save ‘cause you’ll always need that little bit of money behind you for anything and it is hard but it’ll be worth it in the long run.

Read more advice from other young parents on the links below:

0 Comments

Leave a reply

Your email address will not be published. Required fields are marked *

*

The Lullaby Trust, 11 Belgrave Road, London SW1V 1RB Registered Charity Number: 262191. Registered Company Number 01000824

Log in

or    

Connect with Facebook

Forgot your details?

Create Account