This week looks set to turn sunny after several weeks of rain, prompting everyone to make the most of the fine weather. But water experts have issued a warning about a disease that can lurk in hot tubs and paddling pools.
05.06.2024 - 12:19 / manchestereveningnews.co.uk
First-time buyers are being advised to cut out their caffeinated treats in return for saving for a deposit to get on the property ladder. But according to an expert, this could take them a lot longer than expected.
Latest purchase data provided by Cheddar suggests that the average UK shopper splurges £8.10 each month in coffee shops. Given that the average house deposit in the UK has hit a staggering £62,664, this means that young Brits could feasibly step onto the ladder by giving up their caffeine fixes - for a whopping 644 years.
First-time buyers are often advised to give up their little luxuries to contribute to their savings. but for those living in London, Cambridge, and Oxford however, it would take them 1,276, 1,149 and 1,119 years respectively of giving up coffees in order to be able to afford to buy a house.
READ MORE: The six areas in Greater Manchester where house prices are rising faster than inflation
Luke Ladyman, COO and Co-Founder at Cheddar remarked: "For too long Brits have not been given the tools and education to properly manage their finances. The all too common wisdom that all it takes for the younger generations to save up for their first home is to cut back on daily expenses like coffee is a clear example of where our national conversation around financial wellbeing is missing the mark.
"Hopefully, by putting such ill-conceived common wisdoms to bed, we can start to truly empower young people when it comes to their finances. Our money simply isn't going as far as it did last year - or even last month and it's vital we look to empower consumers with the education and tools they need to improve their financial wellbeing."
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This week looks set to turn sunny after several weeks of rain, prompting everyone to make the most of the fine weather. But water experts have issued a warning about a disease that can lurk in hot tubs and paddling pools.
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