Right now, move away from the UK.. if you are serious about saving.
I mentioned my circumstnaces earlier in the thread.. but serriously, if like me, you are expecting the Uk to go through a turbulent few years with brexit, then being outside is amazing.
I have around 250,000 rmb in savings currently, and 1 year left working out here in china,
1 year ago when I arrived in china, 250,000 Rmb, was worth roughly 24,900 pounds.
Today its worth 28,885
Extra 4k at the moment..
No idea if I should transfer my money back into pounds or not.. I thought I should a week ago, and yet its dropped again since then.
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Anyway, point is:
Working in another country (especially an asian country)
- Lower cost of living = easier to save
- Wage premium for British workers
- Often accomodation is packaged with the job giving even more for savings
- Avoid problems with the pound/currency
- Great life experiance + Great transferable skills (depending on job) for when you return to the Uk
Honestly, if you are a single 20 something who has just graduated.. no idea why you would limmit yourself to just england when there are so many good opertunities in other countries, that can make it so much easier to save money + gain experiance.