Once you’ve decided it’s time to buy your own home, saving for that 5% or 10% down payment is step one toward doing it. Instead of waiting years, here are the six fastest ways to save for a house in a matter of months.
- Explore the market.
- Keep your priorities in focus.
- Automate your savings.
- Generate more income.
- Track your daily expenses.
- Reduce household expenses.
Implementing only one of these ideas may not increase your savings significantly, but if you try a few of them, it can make a real difference to your savings account after a few months and get you on the right track to having enough for your new home.