Following on from the previous article where I talked about how an Australian chap was trying to save money by peeling bananas when he buys them from a supermarket, today I want to talk about a ‘real’ success of living frugal.
It was recently reported in the press that Londoner, Mal Jones, 30, saved £22,000 by living in the back of a van…in some of the UK’s wealthiest areas.
Mal works as a performing artist travelling up and down the country and so she came to the conclusion that it would be better and cheaper for her to live in a van instead of paying for hotel accommodation wherever she was performing.
Mal first moved into a van when the pandemic hit and has been living in it ever since.
A van means that she can travel to where the work is, she has someone to live, and she can save a lot of money.
She admits that she lives frugally and there is a reason for that… she is saving up enough money to buy a home.
Being just 30 and single, she sees no reason as to why she shouldn’t spend a couple of years living in a van. It is equipped with a bed, cooker, storage and everything she needs to live comfortably.
She has already achieved something that is unusual in the field of performing arts, and that is to save a decent chunk of money. The performing arts is not one of the best paid jobs and so with expensive living costs, most performing artists are left with little money to save.
Mal parks her van up for the night in the areas wealthiest and quietest areas meaning that she can have a decent night’s sleep.
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Fuel, parking prices and clean air zone charges are her biggest costs. She can spend between £80 and £100 a week on those but compared to renting in London which could be £1,300 per month alone, she is saving a lot as she doesn’t pay rent, utility costs and council tax either.
Living in a van is allowing her to save for a deposit for a house, but the downside is that she will need to rent again before attempting to buy a house due to the fact that living in a van means she has no credit history which will affect her chances of getting a mortgage.
Mal’s story is a lot more inspiring than that of the guy who peeled bananas in an attempt to save £0.13 pence when visiting the supermarket.
If you want or need to save a decent amount of money, go big, or go home… as the saying goes.
In this case, Mal went big AND she went home… to her her van home and that helped her save £22,000 for a deposit for a real home.
I’m not sure that I could ever live in a small van like Mal. It is a bit extreme, but she is still young and single and so she can probably adapt a lot easier than me.
I like things to be less cramped.
I appreciate that the cost of living is high, but there are other ways to make the money needed for a deposit for a house, or pay for the ever-increasing cost of rent.
Our good friend Kate Davis has made well over £25,000 trading the financial markets each morning before going to work using just her phone.
It takes just a few minutes to start a profitable trade which she monitors while she is doing her morning workout.
Kate is usually out of the trade with a profit before she sets foot out of the door and on her way to work.
She makes between £50 and £185 each day… and it is all TAX FREE!
Wanting to help others, Kate put pen to paper and created her own training manual and asked us here at Streetwise if we would kindly publish it for her.
We did… and it sold like wildfire!
Kate has now decided that she would like to help more people and so this time, she wants to give her manual away for FREE.
If you would like to get your own copy of Kate’s Treadmill Trader manual, click the link below:
Get Your Free Copy Of The Treadmill Trader Here!
Kind regards.
John Harrison.
PS… Most days Kate spends as little as half an hour before work and makes between £50 and £185 in TAX FREE profits.
And she does it using just her phone!
Here’s that link again: