Note the following content is intended to be educational but it does contain promotional material for Kaldi. 

Buying your first home in 2024 can often feel completely unachievable. Let’s take a look at how someone might be able to use Kaldi to build towards their deposit using Kaldi. Let’s call them Yusuf.  

Yusuf always assumed buying a house in London was a pipe dream. After all, the average house price in the capital is an astonishing £523,000. Between sky-high prices and his active social life, saving felt impossible, with Yusuf consigned to renting for the rest of his life. 

Thanks to Kaldi, however, Yusuf's homeownership goal is going from a pipe dream to reality. Kaldi's Savings Goal calculations shows Yusuf how his money could be used to help him achieve his goal. "Turns out, I’m spending way more on impulse purchases than I realised which could all help go towards my house deposit," he admits. It’s a revelation that led to more mindful spending, without cutting out the things he enjoys. Plus, Yusef is being rewarded for the odd time he does decide to treat himself. 

The app's Round-up feature has been key. "Every time I pay with Kaldi on a night out it gets rounded up to the nearest pound, plus I’m getting rewarded with cashback," Yusuf explains. "So I'm literally saving while I socialise. It's brilliant!" 

Yusuf has also taken advantage of Kaldi's investment options. "I never thought I'd be an investor," he laughs. "But Kaldi makes it so simple. It offers funds managed by companies I’d heard of, like Fidelity and Vanguard, and helps me choose based on my goals and risk tolerance. Now my savings are growing in a way that works for me." 

The verdict? Based on the Savings calculator Yusuf is able to keep saving the same amount he was before each month, only now he could reach it quiker, something he never thought possible, especially while maintaining his social life. 

Yusef is also aware that, while Kaldi's investment options offer potential for growth, it's important for him to remember that all investments carry risk. The value of any investment can go down as well as up, and investors may get back less than they put in. However, Kaldi provides clear information about these risks, helping you make informed decisions that align with your goals and risk tolerance. 

Why Kaldi works 

Yusuf's story highlights why Kaldi's approach to saving gets you on the road to reaching your goals. For starters, it’s automatic, with Round-ups happening in the background. It's flexible, too, adapting to different lifestyles and goals that meet your needs. And perhaps most importantly, it's rewarding, with cashback at 100+ major high street brands including Starbucks, Adidas and Ikea. Because who doesn't like rewards? 

But it's more than just a savings app. Kaldi provides spending insights that help users make super smart financial decisions without drastic lifestyle changes. Its goal-setting tools mean you can set up savings goals and get guidance on how to achieve them within a chosen time frame. As Yusef says, “It’s taking those complicated bits that make it all seem a bit daunting and simplifying everything to give me a clear view”.  

Kaldi also offers financial education resources within the app, which helps people like Yusef learn about investing and money management. “It’s more than just shopping and earning cashback, the focus is on saving towards your goal and showing how you can get there faster”, says Yusef.  

“From earning cashback on the shopping I was going to do anyway to investing, I can keep doing the things I value most, whether it is weekends away, going out with friends or listening to Spotify”.  

Even more from Kaldi 

At Kaldi, our goal is to help you reach yours, which is why we have a ton of cool features designed to help you on the way to achieving your money ambitions. 

Auto-Saving: Yusef sets up Kaldi to automatically move any leftover money from his monthly budget into his savings at the end of each month. This way, he's consistently building his savings without having to think about it. 

Linked Accounts: Connect your account to family and friends and see your savings grow every time mum or dad shops using Kaldi. It’s a nice way for them to support your savings goal from their everyday shopping.  

Referral Bonus: Users can earn extra cashback by referring friends to Kaldi. 

Investment Growth: Kaldi offers investment account options to fit users personal situation and a curated selection of funds to invest in. Always remember, when you invest your capital is at risk. 

Budgeting Tools: Kaldi provides budgeting tools to help users work towards their savings targets. 

Ready to start your own savings journey? 

Whether you're dreaming of a major life milestone like Yusuf or your own personal adventure, it doesn’t matter what it is. With Kaldi, you can there – without needing to give up the things you love. Getting started is simple: download the app, set your goal, add funds, start shopping, and watch your savings grow while you continue to enjoy life. 

Remember, the key to successful saving isn't depriving yourself. It's finding smart, painless ways to set money aside consistently. With Kaldi, you can turn your everyday spending into a savings engine, just like Yusuf, all while maintaining the lifestyle you enjoy. 

See for yourself and get started with Kaldi today. Download the app.  

Important considerations: While Kaldi offers innovative features to help you save, it's essential to understand that saving money involves discipline and financial planning. Individual results may vary, and using financial services like Kaldi does not guarantee achieving your savings goals. When you invest your capital is at risk and may get back less than you put in. Always consider your financial circumstances and, if needed, seek independent financial advice. 

‍