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6 Tips on Saving Money for your Downpayment

By
Real Estate Sales Representative with Royal LePage Connect Realty

Are you a renter struggling to come up with a solid downpayment to make homeownership a reality.

Here are 6 little tips that will help you get there faster.

1) Eat at Home-Its cheaper. Pack a lunch and avoid takeout. Eating out for special occasions only.

2) No more pub nights/smoking-No explanation needed here.

3)Cell Phone & Internet-Are you spending too much here?

4)Gym Memberships-skip the membership and get a pair of running shoes-its free.

5)Car-do you really need it?

6)Credit Cards-Pay them off, interest rates are too high here. Speak to your bank to consolidate if you have 1 too many maxed out cards.

Write everything down that you spend money on for a month. Review and see where you can trim and prune.

After you've saved your downpayment send me a note and I will help you find your new home.

Donna Singh, sales rep.

Coldwell Banker Case Realty

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Need a Real Estate Agent in Toronto! Call me to help you!

Donna Singh, sales rep.

Coldwell Banker Case Realty

Cell: 416-575-4663

Pager: 416-461-0925

Chris Wechner
CW Health Inc - Waterford, MI

I like your list, Donna.

Perhaps a person needs a car, but can it be less expensive and more practical (read: smaller down payment, if any at all) until money becomes less of an issue, like AFTER you pay for your home?

Apr 24, 2010 09:51 PM