Savings account:First-time buyer, 20, recalls ‘incredible’ feeling | Personal Finance | Finance

The Manchester United footballer, who recently signed a new two-year contract with the club ahead of a loan move to Birmingham City for the 2021/22 season, is very comfortable in the goal. Meanwhile, off the pitch, keeping to financial goals has led her to becoming a homeowner at the age of 20.

The coronavirus lockdown meant major lifestyle changes, but the stringent measures actually meant she could boost her savings total.

Emily set aside £500 a month during this time, as she had “hardly any outgoings”, then added and made deductions from it when she could or needed to.

“When I finally moved into the flat I was proud of what I had achieved. It was empty, but it was mine,” she said.

The footballer, who has teamed up with NatWest for a campaign to help young people set financial goals and start a regular savings habit, spoke to about the achievement.

“It was incredible to finally get the flat bought, for it to be over the line and be mine was a big weight off my shoulders. I was really excited to get it decorated and make it my own,” she said.

“I did most of the decorating myself as I was so excited to have my own place that could be done up exactly how I wanted it.”

On her process of saving, Emily added: “I just knew my goal was the deposit and I had some savings already so was really cautious of my outgoing spending and tried to keep as much aside to save up as I could.”

So, what should people who want to achieve their own goals – be it on a personal or professional level – do? Start small, Emily suggested.

“Small steps are moving you in the right direction, whatever your goal might be,” she said.

“So set your goals and keep your eye on the ball as you progress on your savings journey.”

NatWest is currently offering a ‘market-leading’ three percent interest rate on its Digital Regular Saver.

The account, which aims to help people build a savings habit, is exclusively reserved for the bank’s current account customers, who are 18 or older and a UK resident.

Between £1 and £50 can be saved in the account each month, and the three percent gross / 3.04 percent AER rate is paid on balances up to £1,000.

Her flat may have been her most ambitious purchase, but there’s been plenty of other things Emily has strived to afford over the years.

One of her earliest memories setting a financial goal was saving for a new pair of football boots.

“I was young and had to have the coolest ones around,” she remembered. “Saving my birthday and Christmas money so I could buy them is one of my earliest experiences of setting and goal and saving towards it.”

Then, as her career began to take off, Emily worked towards purchasing her first car, in order to get to and from training.

“I had a look at how much I could afford to set aside monthly to reach that goal.

“It was hugely important to me in the early stages of my professional career.”

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