Interest rates are low; like really super, duper low. If you’re considering home ownership in the near future, now is the time to start saving. You can do it and we can help with this list of creative ways to save for a down payment.
Save your change
It sounds crazy we know but it adds up faster than you think. If you save it in a glass jar, you will see your progress. Also, consider adding dollar bills. You may be surprised at how not having small bills affects what you purchase.
In the great scheme of life, you can live without cable for a while. Make Hulu and Netflix your channels of choice. Ask yourself if you really need all of the subscriptions and memberships you have. Kindle owner? The public library still exists. Get a new card. Being creative will make “cents” in the long run.
There’s An App for That
As good as our method and software are, it’s tough to rewire your brain as it relates to money. That’s why we offer famously friendly support, live, online classes every day of the week, and stellar self-directed help guides. Not good enough, you say? We agree! That’s why we also have an active blog, podcast, and YouTube channel with more quick tips, budgeting wisdom, and money insight than you thought possible.
Apparently, you can have your own personal banker. This app keeps track of what you spend, how you spend it and what you make. Based on that analysis, the software sets aside a small amount of money for you that you can access anytime. It allows for unlimited transfers and no minimums.
Lender and Employer Programs
Take advantage of special lender programs like 1st-time home buyer clubs or certain types of mortgages if ou qualify. Depending on your income, there are also Employer Assisted Housing (EAH) programs. Ask questions. Depending on what you do for a living, where you work and where you’re willing to live, there are options available.
Put my experience to work for you. I’m not going anywhere. And we can work with one of my trusted mortgage advisors to find even more creative ways to save for a down payment. The money I can help you save today will help you reach your goals tomorrow! And, I can help you embrace your space while you are planning your new one. Contact me today!