I’ve managed to save £63,000 to buy a house by living on just £5 a month…here’s how I do it
A WOMAN has managed to save £63k to buy a house by living on just £5 a month – here’s how she did it. South Korean youngster Ji-hyeon Kwak shot to fame after sharing her extreme saving hacks on TV. Ji-hyeon, 24, got her first job at 19 and put aside £63k over four years […]
A WOMAN has managed to save £63k to buy a house by living on just £5 a month – here’s how she did it.
South Korean youngster Ji-hyeon Kwak shot to fame after sharing her extreme saving hacks on TV.
Ji-hyeon, 24, got her first job at 19 and put aside £63k over four years to finally bag herself a spot on an apartment waiting list.
The thrifty young’un pulls in £1,255 (2m won) a month, which is near the minimum wage, and spends as little as £5 (8,400 won) a month on groceries.
Ji-hyeon says she eats a varied diet and uses an elaborate system of coupons and discount cards to make ends meet.
In a recent appearance on South Korea’s Master of Living programme, the 24-year-old revealed she uses several apps to collect points and coupon codes that she then spends of a variety of products.
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And she scans every single one of her receipts and earns a few pounds each time.
She also walks two hours a day to save money on transport, only drinks tap water and homemade tea and eats whatever she can for extremely cheap or wins via her apps.
If she happens to win bottled water, she’ll sell it online and save the money.
“I won a subscription for a special supply apartment for the first time in my life for a single-person household,” the money savvy worker said.
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“I was so surprised that I won the first challenge. I wondered if it was a dream or real life.”
She added: “I got a job when I was 19 and I’ve been working until now, and I have achieved 100 million [won] (£63k) in four years by working on a side job, saving money, and relentlessly. But I have no regrets.”
According to local media outlets, the monthly minimum wage based on the hourly rate in 2022 is around £1190.
Ji-hyeon said she started saving so she could move out of home.
“My family situation or environment was not good. Since then, I have been collecting it like crazy,” she said.