I’m a research associate saving 60% of my salary to pay off a £44k uni debt to my parents. Here’s my money month

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Keen to break that money taboo, we’re chatting all things personal finance with you, our readers! This week's Money Matters Month is from a 24 year old research associate in Sheffield…

Remember Grenfell? Of course you do. Millennials are still living in flats surrounded by dangerous cladding and trapped in mortgage prisons as a resultRemember Grenfell? Of course you do. Millennials are still living in flats surrounded by dangerous cladding and trapped in mortgage prisons as a resultIf you’re not sure what you’ll be doing or where you’ll be in five years, hitting pause on your plans to invest is a good idea.

So how to combat it? Firstly, work out what’s affordable for YOU. Set yourself an annual and monthly budget that feels sensible and in keeping with your financial goals. Next, work out how many orders a week/month that allows. Finally, delete the apps, unsubscribe from those enticing emails and enjoy your takeouts guilt-free.Your big financial goal to pay back your parents for your university education is a wonderful thing and understandably you want to take care of them as they get older.

 

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