Many things pop up at the time of purchasing a home you may not think of such as who pays for the home inspection--- you! Who pays for closing costs--- could be you. The time to save for a new home is now.
The list below will help you save up to $10,000 in One Year!!
Skip the fancy morning coffee
A small coffee at your favorite drive through coffee house costs around $4.00. That adds up to $1,460 a year! Buy a bag of gourmet coffee and make it yourself. I love my Ninja! I can make specialty coffee everyday and it is well worth the money upfront.
You can have fun without spending a whole lot of money. It just takes a little creativity! Television and Movies have so many different viewing capabilities these days--- Amazon, Netflix, Hulu to name a few. No need to go to the theatre all the time--- make sure you do for special occasions though. (We HAD to see Beauty and the Beast or remember when Hunger Games finally came out after all the books were made??? Yep--that is a special occasion.) Many museums and art galleries are free or offer free days. Check your local library for free classes, lectures, and book clubs.
$150 month x 12 months = $1,800/year
Cut Back at the Holidays
Plan ahead and make next Holiday a bit smaller. No one is really going to miss not opening that scarf this year. Talk with your family and tell them ahead of time that you’d like to skip the gift exchange this year.
$800 x 1 month = $800/year
Save JUST $25 a week from your paycheck
It’s easy to save money if it never makes it into your pocket. Set up an automatic withdrawal from your checking account to your savings account on the same day that you get paid. $25 a week will add up to $1,300 in just one year! If you can double that, you could save $2,600 in a year!
$25 week x 52 weeks = $1,300/year
Hopefully these tips help and when it is time to talk about buying a house---- even before you start saving--- give me a call!