A SAVVY woman has revealed how she saved an incredible £45,000 by using one simple and cheap trick.
Demi Jackson took to TikTok to share how her £1 hack worked wonders enabling her to buy her first home and have everything she needed.
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The 28-year-old – who goes by @savingmoneybish on the social media platform – has the internet in a frenzy following her revolutionary advice.
The clip has racked up more than 5,000 likes and received over 60 comments.
In the video she revealed her magic method is the “zero based budgeting” approach.
This is a strategy that means “every pound spent has a purpose” and certain amounts from a person’s income are allocated into different categories.
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For example some of Demi’s categories are “Fun money,” “Holiday pot,” and “Christmas 2023“.
Commenters were delighted with the tip, “Love this, you’re smashing it,” wrote one, “You’re incredible,” wrote another.
A third said: “THANK YOU for not being just one of those people who are like “I got 44,999 from my parents and i saved the other £1 myself.”
This isn’t the only TikToker to share money saving tips recently.
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Earlier this month we told of a womans easy hack to save more than £5k a year.
TikTok user Emma jumped on the trend after seeing it done on the platform and she showed just how easy it easy for anyone to do.
She bought two packs of envelopes from Amazon and wrote the numbers one to hundred on them, which she will use to save her money.
She then shuffled them up so the numbers weren’t in order and the idea is to pick out two a week at random.
Then, you simply put the amount it says on the envelope inside it – whether it be big or small.
“Today, I got two, £2. Not too bad for today,” she says in the clip.
She then puts two £1 coins inside the envelope and seals it up before saying, “This means, by this time next year I would have saved over £5k.”
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