Thursday, 25th February 2021

Live with your parents until you're 50: how to quickly save a house deposit

NEED to scrape together a whopping great deposit for a house? Save tens of thousands of pounds instantly with these tips.

Live with your parents until you’re 50

Moving into a house with friends or a loved one will stop you going crazy, but at what cost? By living with your parents for a good five decades you should just be able to save a deposit, unless they charge you rent. Which they probably will because you eat all their food using their gas and electricity.

Never do anything

Any economist will tell you that doing things costs money, so by doing nothing you’ll save a fortune. All you have to do is find a way to live without food, shelter, going out or buying things. Sounds tricky? Maybe, but it can’t be much harder than living a normal life and somehow saving enough for a deposit.

Sell your assets

Got a Bitcoin kicking around on an old hard drive? It’s time to cash it in. If you’re a normal person though you’ll have to make do with selling all your childhood toys which have failed to appreciate in value. But once you rustle up the remaining £20k from somewhere else you’ll be well on your way.

Buy a fixer-upper

Crap houses cost f**k all because nobody wants them, this means they’re practically affordable. By drastically lowering your expectations you could easily purchase a burnt-out houseboat in Chester, then you just need to spend an eye-watering amount on renovations to make it habitable. It really is as simple as that.

Live somewhere nobody wants to live 

A three-bedroom semi-detached can be yours for a tenner if you’re okay with living in Peterborough, mainly because it’s such a dump that not even pigeons want to live there. There are plenty of dirt-cheap shitholes like this outside the M25, but there’s little chance you’ll walk past a celebrity, so is it really worth it? No.