Any experience how to save for owning a home.?
Answers:
The two of us quit smoking and saved a boat load of money in one year!
Other answers:
save to have some money once you buy a home. you can always have a zero down, so no problems there. you can start just putting in 100 away every month or as much as you can every month to a savings account. once it's grown to $1,000, you can get a CD so you can get a higher % return for your money. and you can add more to the !,00 as you save more and more. eventually it'll multiply high enough to however much you want to save for your home. good luck!
save to have some money once you buy a home. you can always have a zero down, so no problems there. you can start just putting in 100 away every month or as much as you can every month to a savings account. once it's grown to $1,000, you can get a CD so you can get a higher % return for your money. and you can add more to the !,00 as you save more and more. eventually it'll multiply high enough to however much you want to save for your home. good luck!
Create a budget of your monthly expenses in a list form. Take 1 or 2 items from that list that you can live without. Take the money you would normally spend on those things and put it in a time locked savings account at your local bank. That way it will deter you from withdrawing any of the funds before the time you specify (I would make it 5 years).
Good luck!
Activate some auto debit savings as soon as your salary get credit. This will make sure before you start spending there will be some savings.
If the first option doesn't work out..open a join account with your trustworth partner or wife. so that without the approval of others the fund will not be withdrawn.
I'm not a professional but it is very true that pennies count. Every time you want to spend money unnecessarily (ie. lattes, eating out when you can make yourself something, getting that new something that you really don't need, throw the money in a cookie jar or a bank shaped like a house! You will really be surprised how the small stuff ( coins, dollars or twenties) add up! Clean it out every 6 months and put the deposit in a high yield savings account. There is no quick method that I know of.