A 24-YEAR-OLD who has a whopping £100,000 in savings, has revealed five things she would never spend her money on.
Mia McGrath, from , is keen to retire by 40, and is well on her way to having the funds to do so.
Mia has saved £100k at 24
She would never spend money on expensive designer clothes
The influencer, who works in the fashion industry, previously revealed , and the , and has now disclosed the things she believes are a waste of money.
1. Pets
Furry friends may provide a source of companionship for many people, but Mia thinks they aren’t worth the cost.
“I don’t think people realise how costly are until they actually get them”, she said in a video posted to her TikTok account @miarosemcgrath , highlighting that her parents’ cat had to get an operation, which set them back an eye-watering £1,000.
“What 20-something-year-old has £1,000 to drop on an emergency medical bill like that”, she said.
2. A new car
may be essential for many people to get around, but Mia believes it’s never worth buying a new one.
As cars depreciate in cost as soon as they leave the showroom, she think it’s pointless buying new, and would also go for second hand.
“This is something that I probably won’t ever buy”, she admitted.
3. Designer items
Mia is firmly against buying anything designer that “costs more than my rent”.
She revealed that she would love to buy a Chanel Classic Flap Bag, and could technically afford one, but doesn’t see the point while she’s still paying rent.
“It makes absolutely no sense to me”, she revealed.
4. Nicotine products
and can be extremely costly habits, and ones that Mia has never been tempted by.
“It’s such a waste of and so detrimental to your “, she said.
5. The latest tech
Every time Apple launches a new product, many people are tempted to splash out on the latest phone model.
However, Mia thinks this is a complete waste of money.
Money-Saving Tips from Gemma Bird: Save £2k Before Christmas
IF youre' looking to save cash, you've come to the right place, as here, Gemma Bird has shared her top tips that'll save you £2k before Christmas.
- Set a budget: Track your spending and create a realistic budget.
- Cut unnecessary costs: Cancel unused subscriptions and avoid impulse buys.
- Meal planning: Plan meals to reduce grocery bills and avoid takeaways.
- Sell unwanted items: Declutter and sell items online for extra cash.
- Cashback and discounts: Use cashback sites and hunt for discount codes.
- DIY gifts: Make personalised gifts to save money and add a personal touch.
- Pick up a seasonal shift: A really easy way to pick up a bit of extra cash in the winter is to find yourself some seasonal work.
Follow these practical tips from Gemma Bird to boost your savings before the festive season!
“You won’t see me buying the latest iPhone just because it has like one new button”, she said.
Mia’s tips have likely left many people impressed, as her video has racked up a whopping 965,000 views on the video sharing platform.
users raced to the video’s comments section to share their thoughts on her .
One person said: “All my savings goes on the medical of my dog.
“I love my dog so much, but it made me broke.”
A second person said: “This is me. I’m in my 30s now and still don’t spend on these things.”
A third person said: “I’m raising my daughter to be like you!”
