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How to Save Money for a Home

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Here are my top 10 tips to save money for a home

  1. Create a monthly budget that focuses on saving not spending.
  2. Don't touch your savings unless you absolutely have to.
  3. Make savings automatic - take a portion of your income and put it in savings right away.
  4. Save 100% of the "extra Boosts" - You know those times you just have money fall on your lap? Yes ... put it in savings and don't touch it.
  5. Save in big chunks. Whenever you have extra, put it in savings immediately.
  6. Downsize before you upsize. Stop buying things and start selling things.
  7. Work more. This is a tough one, but you'd be surprise how much less you'll spend shopping if you're busy working!
  8. Save less for retirement. This is not a longterm strategy. For a short time only, shift some of your retirement alottments to saving for your home.
  9. Ask for support. Do you have family willing to help with a money gift? You never know until you ask.
  10. Don't punish yourself. You will fail once, twice, three times and more. Don't fall apart. Get back up when you fall down.

I'm hosting a first time home buyers workshop on Saving Money for a New Home. Want to come? It's FREE!

I love coaching soon-to-be home owners by laying out a plan for their down payment savings and home affordability plan. If a plan would be a good thing for you, please come to one of my 2-hour workshops. I hold them every month of year in Holmdel, New Jersey. They are free and you'll leave with a written plan you can follow over the course of 6 months, 1 year, 2 years or more if necessary.

You're under no obligation to work with me in the future. I simply do this because I wished someone had offered me the same opportunity leading up to my first purchase. I could have cut my time in half with a good plan. Let me help you out ... I promise you'll find the plan very doable and something to look forward to.

If you'd like to be in the next session, >> Click here to Contact Me! <<

Take care!