Best Way To Save Money For Your First Home

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Mortgage and Lending with Atlantic Home Loans 12937

AUTOMATE YOUR SAVINGS - IT'S AS SIMPLE AS THAT!

Whether it's $50 or $1,000 per month, start diverting some amount of money out of your checking account each pay day and put it into a separate brokerage account, such as Vanguard or Fidelity.  While auto-debiting directly into a local bank account is fine, you are less likely to tap into the funds if it's in a separate account with an instituation located remotely. 

Start with an amount that you likely won't miss each month, and increase the amount over time, especially when you receive a raise, or if your cost of living declines.  If you're budget is too tight, look for ways to reduce your bills such as auto insurnace, cable, entertainment, etc.  Allocate that money to an auto-debit savings account and watch your savings grow over time.

 

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Topic:
Home Buying
Location:
Rhode Island
Tags:
ri housing
ri mortgage banker
ri mortgage broker
ri real estate
east greenwich real estate
newport real estate
warwick real estate
cranston real estate
tiverton real estate
portsmouth real estate
middletown ri real estate

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