Strutt & Parker tells millennials, cut out the luxuries if you want to save for a deposit
According to the analysis, £6000 could be raised by cutting one night out a week for a year, dropping the takeaways would raise another £2640, and making lunch rather than hitting the sandwich shops would repay £2576 a year. How has Strutt & Parker’s advice gone down with wannabe first-time buyers, looking for an average London deposit of £64,000? Want to guess? Not well, if you read the responses over here. But head to the bottom of the page for the inevitable “we didn’t have iPhones and foreign holidays” comments from the other side of the generation gap.