“I now have a mortgage to pay, and I guess I’ve grown up, and so that coupled with the pandemic has made me change my perspective. Instead of having to have something right now for immediate self-gratification, I have to sit back and think, wait, you can go another month without that rug and pay for it with cash, not credit. I would hope my frivolous days are behind me.”
He also added that, like other millennials, his financial position has stabilised as a direct result of having to stay home and not needing to commute to work. “I’ve never been more financially secure, which I really don’t take for granted. I did move back home for six months during 2020 to ensure my mum was ok as we lost my father back in 2019.
“This enabled me to clear the small amount of debt I had and save while purchasing my flat. In hindsight, thank god I did as I could save for the furnishings as all my other savings went towards the deposit.”