Down Payment Tips 5 & 6 |
#5 Reduce or Cut Out a Bad Habit Reducing or cutting even one bad habit can help you put away a good chunk of money in a year. Consider the following habits and whether diverting those dollars can help grow your down payment fund. Implulse buying: If you're prone to impulse shopping, you may want to consider minimizing any purchases that are not immediately necessary. Ordering takeout: Takeout and fast food are easy and convenient, but they are not so easy on our wallets. Try cooking a few meals at home each week instead to cut costs. Pre-planning and freezing meals can also be surprisingly convenient on busy nights! #6 Delay Expensive Vacations Exploring new destinations can be an amazing experience. However, they are often expensive experiences. On average, families of four spend between $4,500 and $5000 on vacations. That's a decent chunk of change! Consider saving that money towards your down payment and opting for a "staycation" instead! Get creative and be a tourist in your own town! Some ideas:
You may be surprised at the memories you make... and the money you save! |
