19 Years old, £26K per annum, living at home.

Hi everyone this is my first post and I’m making this on this throwaway as I’d like to be more personal.

I’d be grateful if anyone could spare some time to provide some guidance and wisdom.

To provide some context, I’m a degree apprentice at a top 10 professional services firm in audit. This is my first job and I’ve been at the company for a year and have just been promoted to a second year.

I live in the south west region with my parents 10 minutes close to the central city, I’m not expected to contribute anything towards the house however I do help out where I can as my parents do a lot for me as you can see by them not setting any financial expectations from me.

Currently my outgoings roughly are around £500, this is mostly made up of clothes/shopping which in all honesty is excessive in my opinion. Haircut 2x a month at £40 total, Phone bill at £15 a month, Gym at £25 a month.

I have no debt as I recently just cleared off my work loan which was interest free and came out of my pay check automatically.

Now I currently have liquid savings around £2K, long term crypto at £300, another crypto SHIBA based account at £700.

I have setup a S&S ISA and a LISA but neither account has anything inside as I’m still unsure how much I should be putting into these and what’s the best strategy.

……

Now I’m unsure on what my next steps are, I know that since being promoted I’d like to be better at managing my savings and roughly looking to save £1250 each month as it gives me around £600 still left.

The problem is I’m not sure what I’m saving for and recently I’ve been trying to figure out a way for me to earn some passive income such as rental income, as around 10-15 miles away I can afford a two bedroom flat for a 5% deposit by the time it’s December.

I assume I could then rent this out and earn around roughly £1000 gross based on the area and the rents for properties and net £500 roughly including the mortgage payment. This will also be helpful as I’d like to get married within the next 1-2 years due to religious reasons and this will help at least build my property in the mean time, which is a more important reason for me doing this.

I know this sounds very extreme as I’m 19 and getting a mortgage is very scary but my parents aren’t very helpful for this information and they think I’m too young to introduce this much stress in my life but I’d like to know at least what I’m getting into if I take this matter forward and any advice on what else I could be doing to better my situation as I want to set myself up for the future.

Thank you all for reading and apologies for the long post.

I’d appreciate some advice and guidance as I’m very lost in all honesty.