SERVICES FOR BUYERS-SAVING FOR THE DOWN PAYMENT
Here are some quick ideas to help you start saving for that down payment on your dream home.
Plan for PROGRESS—What does your dream budget look like?
Remember why you’re saving. What’s your focal point? What’s the dream? What’s the end game? Keep photos or a list of features of your dream home nearby—in your budget, your wallet, or where you pay bills, to remind you what your working for.
The TEN-DAY RULE—Slow your spending
Avoid the trap of the impulse buy. If it costs more than $25, take ten days to decide whether you really want to make that purchase.
Avoid the CONVENIENCE BUY
Consumers pay quite a bit for convenience. Try to avoid making those purchases—pack a lunch, become better friends with your kitchen, help your bottom line.
H2O your way to that down payment
The National Soft Drink Association reports that the average household in America spends approximately $850 each year on sweetened drinks, while water costs pennies on the gallon.
TRACK your expenses
The only thing more productive than creating a budget is reading and tracking your expenditures. Take some time each week to understand your spending habits and find new ways to save.
ELIMINATE the excess spending
Find space in your budget for cheaper substitutes. Can that gym membership be swapped for home workouts? Can date nights be exchanged for a movie at home that was rented from the library for free? Are there services you are paying for each month, but not actually utilizing?