You are currently viewing Savvy mum who saved £12,000 to buy a house shares her essential ‘no expense’ rules – World News

Savvy mum who saved £12,000 to buy a house shares her essential ‘no expense’ rules – World News

A mum who managed to save £12,000 and buy a house on her strict budget diet has shared her essential ‘no spending’ rules.

Caz Mooney, 33, said she was always money conscious and first committed to budgeting in 2019 when she saved up to buy her £143,000 home.

The stay-at-home mum, from Offaly, Ireland, has revealed her money-saving secrets for those affected by the cost of living crisis, including how to feed a family for £5.

By sticking to a strict ‘no spending’ rule throughout the year, Caz and husband Seamus, 39, saved £12,600 and could afford their own four-bedroom detached house in just eleven months.

Caz’s budgeting skills grew during the family’s “no-expenditure” year in 2019, when they imposed strict rules on themselves about what they could buy.







Caz, Seamus, Aaron and Eva when they got their house
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mediadrumimages / @irishbudgetingj)







The family staying in the UK
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mediadrumimages / @irishbudgetingj)

“Obviously we bought food and things as we needed but we had no takeaways, no new clothes and we weren’t going anywhere that cost money. money,” she said.

“We said no to something like this for a year, and it was really difficult.”

The mother said the hardest thing was probably for their children Aaron, 12, and Eva, 10.

“We had to explain to them that they couldn’t go to swimming lessons, that they couldn’t go to the movies. Anything that cost, we just had to say no,” she said .







Caz and Seamus upgraded their house themselves
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mediadrumimages / @irishbudgetingj)

“We sat them down and told them why we were doing it, and we got the house we were saving for in the year, so I think that’s a good lesson for them.

“I think the thing I’ve learned the most is that the more you tighten your budget and work as hard as you can to find the extra money, the money finds you.

“The savings we were making started out smaller and over the months we almost doubled what we were saving at the start.

“We were saying yes to all the side activities, so we were doing everything, like surveys, personal training, selling a lot of items and even doing mystery shopping.

“By the end of October, we had enough saved up, so it only took us eleven months to save money for our house.”







Caz and his family on a free day
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mediadrumimages / @irishbudgetingj)







The family followed a budget diet
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mediadrumimages / @irishbudgetingj)

The couple decided that now they had a house and were in a better financial situation, that they would have another child, one-year-old Luca.

They stuck to their budget habits and started working on their new home, doing all the work themselves to save on labor costs.

Caz now shares budgeting tips on his @irishbudgetingjourney Instagram page which has attracted over 10,000 likes in just four months.

Her Meals for Under £5 include a sausage casserole recipe which costs a total of just £4.21, excluding cupboard essentials.







The couple also shared how they improved the kitchen
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mediadrumimages / @irishbudgetingj)

Ingredients include 1kg carrots, 1kg potatoes, shallots, sausages, tomato paste and a can of mixed beans.

“What we’re trying to do is make budgeting easier,” she said.

“Before, when I saw online budgeting, it was mostly financial advisors and saving seemed so complicated.

“Now we’re starting to talk about those skills a lot more, which is great. I looked at this whole online community and decided I wanted to share my own advice.”

Now Caz has taken a break from her career to be a stay-at-home mom and says she’s managed to cut the family’s grocery bills by 60%.







The garden has also been transformed
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mediadrumimages / @irishbudgetingj)

“We used to spend £210 a week on groceries but now it’s just £84. It’s for a family of five and includes formula and nappies for Luca,” she said. declared.

“I’m not loyal to any one store. I look at all the stores and decide where I go to shop based on the specials they have.

“Before I buy anything, I first buy my freezer and my cupboard.

“I do a lot of discount shopping, and a lot of it is about storage, making sure you store it the right way and making sure it won’t spoil.

“Whatever I buy, I withdraw money for each category. So if I buy diesel, I have £100 a month for it, and I just take out what I need each time and I can’t go over budget.”







Caz only pays cash to keep him from going over budget
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mediadrumimages / @irishbudgetingj)

Caz added that anyone can lower their bills, even those affected by the cost of living crisis.

“I don’t think they need to go straight to the extreme where I am,” she said.

“I would start by taking a month to track where your expenses are, then get a highlighter and categorize them — clothes, utilities, nights out, for example, and then see if you can change any of those categories.

“Don’t be afraid to try shopping elsewhere to see if you can save a little there, or take public transport if you can.

“So start looking at your budget and try to save a bit of what you spend.”







Mom’s Super Budget List
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mediadrumimages / @irishbudgetingj)

The budgeting genius gave the example of cutting grocery expenses with specific goals in mind and figuring out if it makes a difference in lifestyle.

“I’m watching a lot of groceries and some food prices have gone up over 50%, and of course diesel prices have gone up,” she added.

“I bought a lot more discounts and promotions, and instead of going to do things in the car every time I need to, I try to do a few different things in one trip, so I uses less diesel.

“I have a local fruit and vegetable vendor and they sell oddly shaped vegetables that are cheaper.

“I’m just being a lot more cautious, but I see that I’m going to have to increase my spending limits for categories shortly.”







Caz Car Maintenance Fund
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mediadrumimages / @irishbudgetingj)

Caz has received messages from some of his followers worrying about how they will survive the current situation.

Despite how gloomy it may sound, she says she tries to maintain a positive attitude

“I have people texting me saying they’re really struggling and they don’t know what they’re doing,” she said.

“I’m doing a series on my page that’s five meals for 5 and it’s blown up. It shows where it’s at, when people really need to know how they can feed their families for a five.

“The worry is not just how difficult it is, but how bad it will get. It can be very worrying, but as much as I can I try to stay positive because it can be really overwhelming and people can just switch off.”

She added that even when saving money, savers need to make sure they consider their own happiness.

“I make sure I have a personal spending budget so I can do my nails and do things to make me happy.

“It’s important to do those things that keep you sane and happy, it’s just a matter of figuring out what you want to spend money on.”

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