Simple Strategies to Help You Save For a Down Payment on a Home
Posted by Terry Paranych on
Bulk-up your down payment savings with the help of these simple, practical strategies:
Finding Money in the Margins
Save your down payment faster by doing away with lavish expenses and saving any additional funds that come your way:
- Amass windfalls – Instead of looking at work bonuses, raises, or other unexpected monies as a reason to spend, consider them a reason to save (if feasible, you may even want to consider asking for a raise).
- Consider a staycation – Trading in your tropical getaway for a week at home may not sound glamourous, but it will be worth the sacrifice when you’re holding the keys to your new home.
- Sell some stuff – If you have any stocks, now is a good time to cash in. Otherwise, you may be able to capitalize on…
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