Mum pays off £800k mortgage despite never earning more than £25k a year

Mum pays off £800k mortgage despite never earning more than £25k a year


Gemma Bird says she has ‘saved every solitary penny’ since the age of 10 – and now it’s helped her pay off her £800,000 mortgage.

The 39-year-old who lives in Essex, also drives a Range Rover and in 2019 jetted off to Lapland, Mexico, Lanzarote and Dubai – all despite never earning more than £25,000 a year.

It’s led to the mum-of-two being dubbed the Mrs Hinch of the money world as she shares her daily tips and offers on her Instagram @MoneyMumOfficial.

Gemma said: ‘I live and breathe deals. I don’t care how much money you have, people always love a bargain.

‘I’m just a working class girl, but I’m able to afford what I want thanks to how I’ve saved.

‘There should be no shame in living frugally, and now is the perfect time, as Covid has made money tips relevant for so many.’

Her saving started aged 10 as her parents gave her 50p pocket money each week.

To earn a little extra when she wanted something, she would wash cars and collect pennies she found in the street.

At school, Gemma sold chocolates to her classmates, and worked as a mushroom picker at 13.

By 18, she was earning £12,000 a year and saving £850 a month, while living at home.

She says: ‘My target was to get to £30,000 by 24. I also paid £6,000 in cash for my first car.

‘My then boyfriend was on £18,000 a year and we saved £25,000 between us and bought a two-bedroom terrace in Waltham Abbey for £165,000.’

She got a job as an estate agent earning £12,000 a year but still had £10,000 in savings, so her dad went ‘halves’ with her on deposits to buy two more properties.

They each put £3,500 and £5,000 on a £109,000 one-bedroom flat in Walthamstow and a £179,000 three-bedroom in Waltham Cross.

‘I rented out the ones I had bought with my dad,’ Gemma says.

‘I ran the finances at home, so every month, I’d overpay our mortgage by up to £300. We rented out our spare room to a student for £400 a month.

‘By 29, our mortgage was £80,000.’

In 2011, Gemma got divorced and moved back home, but walked away with £66,000 from the sale of their house.

She started working three jobs as a driving instructor, consultant at Halifax and in a pub at the weekend to help her save £30,000 in 18 months.

‘I didn’t drink alcohol. I didn’t go to fancy places – I’d use vouchers for Prezzo and have just as good a time,’ she said.

‘I didn’t go on holiday. Four days a week I would have ‘no spend days’. I didn’t buy takeaway coffee. People think ‘it’s just £5 here and there’ but it soon adds up.’

In 2011, Gemma met her now husband Adam Bird, and they moved into his four-bedroom house in Essex, where he had £225,000 left on his mortgage. She gave birth to their firstborn, Brody, in 2012 and their daughter Bronte in 2019.

Gemma said: ‘When I moved in, I paid £100,000 off Adam’s mortgage with my savings.

‘I then sold the two other properties making £130,000 and paid off the rest of the mortgage. I wasn’t able to do this because I’m amazing, or loaded, it’s because I’m careful.’

She says that living a thrifty lifestyle has helped her have money for luxuries elsewhere.

Gemma said: ‘I’ve never been overdrawn or missed a payment. I’ve never bought something I can’t afford.

‘When I take my children to softplay, I take my own drinks and food. I always check for deals before ordering a takeaway.

Gemma’s top tips to save money

  • Rent out your driveway – I earn £50 a month from this.
  • Write a shopping list – and stick to it!
  • Sell your kids’ old clothes on eBay before buying new ones.
  • Go to free local church groups instead of expensive baby classes.
  • Buy loose fruit instead of packaged as it is often cheaper.
  • Get a year’s delivery package from your favourite clothing brand.
  • Buy your yearly railcard the day before new prices are announced.
  • Buy a nice foundation and you’ll get away with cheap blusher and bronzer from Poundland.
  • Take your own drinks and packed lunches to soft play.
  • Get loyalty cards and reward schemes everywhere – even at your local car wash.
  • Have a day a week where you don’t spend ANY money.

‘I shop at Asda and go to Iceland and Poundland – and I write a list that I stick to.

‘I don’t spoil my children. Before buying them new things, I sell all their old things on eBay.

‘I spent £200 on them each at Christmas, and that included putting £100 into a savings account for Bronte.

‘These small things may seem not worthwhile, but they all add up – and mean you can afford luxuries in life.’

After being made redundant from Halifax in 2012, Gemma then started her own business BB Lingerie with a friend, both putting in £500 to buy stock.

They ‘learned on the job’ and now the business is so successful, and Adam has quit his role in sales to work for Gemma full time.

Gemma’s top money saving apps

Too Good To Go – Buy unsold food from top eateries to prevent them from being thrown away

Plum – This savings and investment ‘robot’ works out how much you can afford to save using an algorithm and moves the sum automatically into a ‘savings’ account

Airtime Rewards – This app turns your bank cards into loyalty cards so your everyday shopping earns cashback

YouGov – Earn points and redeem cash rewards by answering surveys.

Honey – This clever browser extension automatically finds and applies coupon codes at checkout with one click

Then last year, Gemma launched MoneyMumOfficial to help others to save money.

She shares money-saving tips and promotes her ‘Gemma’s No Spend Day’ and ‘Gemma’s Make Money Day’ where she challenges her following to sell five unwanted items a week on Shpock, or eBay.

‘I wanted to incorporate all the things I do regularly onto my Instagram page. That’s when it started spiralling,’ she said.

‘Every day I receive messages saying ‘you’re going to be the next Mrs Hinch’ – which is a huge compliment!

‘People can still have the things they want, but much cheaper – and you’re better off if the money is sitting in your pocket rather than with a huge business.

‘Of course, every family’s situation is different. I can’t say that I can help every single person, but hopefully I can show how I’ve managed to save, and families can use what’s relevant to them.

‘I’ve never ever earned a high salary, I’ve never earned more than £25,000 a year.

‘I’ve managed to do all this by doing what I share on my page – and that’s why I want to shout about it.’

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