1. Rates are crazy low.Lower rates mean more affordable lending, or more for your money if you choose to reach higher. 2. Because it will appreciate.According to CoreLogic, “The overall
Saving For A Down Payment Part 2
Saving for a Down Payment, part 2( part one can be found here.)
Depending on how long you have before you want to purchase a home can impact how aggressively you have to start saving. If you’re trying to save up your home fund but you’re not planning on buying a home in the next 6 months, there’s several easy changes to make in your life that can result in a lot of money-saving as long as you are disciplined and can stick to a plan. There are some easy 1K saving plan ideas that are basic ways to save $5000 for a home, like this one here
Another option is to look into selling plasma, blood, eggs, etc. I have a sorority sister who paid her school tuition completely off by selling plasma. Depending on where you are , It can bring in around $200 bucks a month, not bad for something you make naturally: plus you get the added bonus of helping people who have a variety of different illnesses with their treatments.
There’s tons of websites out there with lists on cutting your power bills down so you can save that money but unless you’re keeping track of how much you were spending before that’s not going to really help much, so I suggest building a spreadsheet of what you’re spending now, and then try to cut down on a lot of those kinds of energy /water/ utilities costs and comparing them. This will help you figure out how much you’re saving exactly and then you can move all that money just directly into savings.
Good luck with your money saving and saving up for that down payment!
Bonnie hails from Denver, Colorado. She went to school in Pittsburgh for 3 years, majoring in event management, technical theater design, and marketing. She finished out her degree in Denver at MSU. A....