Real Estate Agent with The Smith Team 21625

Do you want to save for a down payment for you to own a home instead of renting?  The most important first step is saving for that down payment – and yes life’s expenses can get in the way as well as paying your monthly rent.  Balancing your expenses with saving is the trick you have to learn – and this is different for different people.

The following are some helpful hints to help you save for that down payment of the home that you can call your own.

USE A BUDGET APP – A real estate expert has advised to find an app that can help you with your budget and savings – a few of those apps are Dollarbird, Fudget, and Learn-Vest.  They can go through your accounts and track you’re spending – then you can set a maximum budget for spending and make saving for home one of the categories in your budget.

TRY A GYM FREE WORKOUT – You can use the money you spend on a gym towards your saving for a home.  Running or walking outside is a great workout - so is hiking.  If you want to stay inside there are on-line workout videos and you don’t have to leave the house.

GO ONLINE- You can advertise you talents and skills on sites like Fiverr - taking on a little extra work to be able to save more down payment money.

USE AUTOPAY TO PAY YOUR BILLS – Never pay an unnecessary late fee again gives you more money to set aside for a down payment on a home.

CLIP COUPONS – You can save a lot of money if you shop for a lot of items that you have coupons for.  Also there are sites like Coupon Sherpa, DealNews, and others that can make using coupons easier.

WHEN YOU CAN –SHOP GENERIC – Name brands can be more expensive so buying generic when you can – you can save a lot in one year.

There are other saving tips like cutting your cable costs, maintaining your equipment, car and appliances so you won’t have added expenses if they breakdown.  Also withhold less from your paycheck and take the difference and save it.

Bottom Line – The scrimping and saving is worth it- a home of your own.  And, remember that there are programs and grants available with down payment assistance.

Keep in mind that whether you are interested in buying a home or listing a home, a Realtor should represent you– this person is working for your benefit and will help you navigate through the buying or selling process.  I have thirteen years in New Home Sales and fifteen years in General Real Estate sales!

I am here to answer any questions you might have - just email or call me.

I Sell Las Vegas!

Thanks and make it a terrific day…………Robin


Comments (2)

William Feela
Realtor, Whispering Pines Realty 651-674-5999 No.

Rent a smaller place with less rent.

Make your coffee and carry your lunch



These are just a few additionsl things that make a big difference

Jan 10, 2018 11:36 AM
Golden1 Agents
San Mateo, CA

Thank you for sharing.

Jan 14, 2018 03:11 AM