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How to have your Espresso Martini AND save for a deposit!

While Espresso Martinis and smashed avo are eating into your savings [1], it doesn’t mean that millennials should give up on the dream of home ownership.

If you can identify just five $20 weekly expenses that you can eliminate from your lifestyle, you could add up to $20,000 to your deposit after three years, and potentially be able to afford a house valued at $100,000 more (obviously assuming you can still afford the repayments!).

Don’t let FOMO get to you! Here’s how to make an Espresso Martini at home to save costs AND save for a house deposit.

Espresso Martini Recipe
Makes two.



  1. Fill a cocktail shaker with ice and pour in the espresso, vodka and Kahlua.
  2. Shake until chilled.
  3. Pour into two chilled martini glasses.
  4. Garnish with a few coffee beans.

Home Deposit Recipe



  1. Check out some property prices and get a feel for what you can afford. Then work out what your savings target will be using the following recipe:

Amount you need to buy the property x 20%
Add Fees and Charges for purchasing the property (such as stamp duty).

  1. Review your budget [3] and make a list of your income and weekly expenses. Try to identify regular areas where you can cut back for maximum benefit. Are you paying for a gym membership you never use? If that’s $20 a week, that’s $1,000 a year. Identify areas where you could cut back but shouldn’t eliminate. Can you reduce your espresso martinis by one a week? That’s $1,000 a year.
  2. Consider utilising the First Home Super Saver Scheme. If you’ve identified savings from steps three and four, consider putting that money in your super to use the government’s First Home Super Saver Scheme. If you earn $70,000 p.a. and have identified $100 a week that you can cut out, the $5,000 that you’ve saved is worth around $8,000 before tax. After three years, you would have up to $20,000 available for your deposit through this scheme. Have a look at the calculator [4] available here to see how much the scheme can help you.
  3. If none of those options work, consider speaking to your parents about a Parent Equity Loan [5]. Parent equity allows borrowers to use the equity in their parent’s property to essentially act as a deposit for their first home.

Find out more about how Beyond Bank [5] can help you get into your first home.

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