💨 Abstract

After buying a home, many first-time buyers find themselves with limited savings. A Reddit user worried about having only £3,000 left post-purchase, while others shared similar experiences of near-empty accounts. Property expert Phil Spencer advises not draining savings entirely, as emergencies like boiler repairs or job loss require a financial buffer. Experts recommend saving 3–6 months' worth of living costs (around £5,899–£11,798).

Courtesy: Eleanor Noyce