Kennie Bukky, a UK-based professional, bought her first home at 25, showcasing financial savvy and determination despite economic hardships. Her journey highlights the importance of financial planning and resilience in achieving homeownership goals.
One millennial managed to save enough money to buy her own property by the age of 25, despite the gloomy economic landscape facing young people. Kennie Bukky, a U.K. based professional who's under 30, is a compliance officer who has worked at firms including KPMG and By 25, she had managed to save £50,000 (around $63,000) and got a mortgage on her first home. Her savings and mortgage have been verified by CNBC Make It.
Bukky explained that she didn't have financial help from her parents and instead had to be extremely financially savvy, as inflation, the high cost of living, and skyrocketing house prices continued to In fact, only 36.5% of adults say they feel better off financially than their parents, while 42.8% say they're worse off, according to CNBC's Internationalto deal with the stress because they don't believe they'll ever be able to own a home or start a family.'I've come from a background where we've had to be careful about money and money wasn't always in abundance. There was always a scarcity mindset around money and my upbringing,' Bukky said in an interview with CNBC Make It. 'I never really had any money lessons or anything for my parents at all … I hated the idea of being restricted because of money and I started to learn from an early age that if you save money, you have the freedom to do whatever you want with that money.' Here's how Bukky, who chose to keep her legal name and age private for privacy reasons, managed to save five figures in her 20s.Bukky felt her degree in forensic science didn't have enough earning potential — so she pivoted into the finance industry, starting out as an onboarding analyst at banking firm RBS making £28,000. She was committed to saving money, even the
HOMEOWNERSHIP MILLENNIALS FINANCE SAVINGS ECONOMIC CHALLENGES
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