I saved £40k by the age of 27 – people make the same mistake on payday but there’s a simple rule I live by | The Sun

A WOMAN has taken to TikTok to share the simple rule she followed to save £40k by the time she was 27.

Laura, known online as @lauraannmoore, regularly shares money-saving tips with her 9,900 followers. 

The money and mindset coach, now 29, started saving properly at the age of 19, and by 22 had £15,000.

By the age of 27, she’d added another £25,000 to her savings account. 

But she claims the key was putting the money aside on payday, rather than waiting until the end of the month. 

She said: “I’ve saved over £40,000 and the top tip that I absolutely tell everyone is learn how to pay yourself first. 


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“We have this really bad habit of going, ‘oh I’m just going to spend all my money and then just see what I’ve got left over at the end of the month’. 

“Honey, you’re not going to have anything left over because your brain will spend it all. 

“There’s always more things to buy, more problems to solve, more fun to be had. 

“So prioritise your future self, and that future self wants to have savings, wants to have investments, wants to have big, exciting things. 

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“When you prioritise that person first and pay yourself first at the start of the month, and you spend what is leftover, you’re going to not only build your savings up over time, but you’re also going to be able to enjoy your month because you’ll still have stuff to do. 

“So, pay yourself first, watch your savings grow.”

Fans loved the quick and easy tip, with the video gaining more than 5,000 likes and 105,000 views. 

In the comments, Laura’s followers praised her idea, with one writing: “Genuinely the best advice put saving in ON PAY DAY.”

Another said: “This is so true!!! I also give myself a weekly budget and stick to it. Anything left from that budget also goes into savings.”

Others shared their own saving tips, with one commenting: “I like to save the thousands and spend the 100s. Eg I get 1400 after tax I’ll try to spend as little as possible from £400 after phone bill wifi etc.”

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