It is hard for young people to get on the property ladder with ever increasing house prices and stagnant wages.
As a millennial, owning a house can seem unobtainable and making the most of the small amount that can be saved is crucial.
In The Telegraph Katie Hobson, a 24 year old student from Hull, talks about how she is managing to save £50 a month. But what are her best options so she can buy a house when she leaves university?
Joe Roxborough, Chartered Financial Planner with Ascot Lloyd, gives advice on the different Isa options that could work best for her, including a Lifetime Isa which comes with a 25pc bonus from the Government, but adds that at the end of the day
“She should always invest in the number one savings vehicle first: herself. By completing her studies Ms Hobson is on a path to a secure, long-term career and a better paid job, which will help increase the amount she’s able to save.”
Read the full article on The Telegraph's website.
