How to Save for a House Down Payment While Renting

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The idea of having your own place to call home is thrilling. But when you have the fixed cost of rent taking a big portion of your budget, saving up for a down payment might seem impossible.

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When it comes to the big financial step of purchasing a home, it is important to know exactly what you are getting into. Unfortunately, it isn’t as simple as a monthly mortgage payment. Some of the other costs that come with purchasing a home include:

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Insurance, Downpayment, Closing Costs and more.

How fast can you save for a downpayment?

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Saving money on groceries: Meal planning, coupon cutting, and making more food from scratch can all add up to significant savings on your grocery bill.

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Eat leftovers.

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How to Save for a House Down Payment While Renting

The idea of having your own place to call home is thrilling. But when you have the fixed cost of rent taking a big portion of your budget, saving up for a down payment might seem impossible.

When it comes to the big financial step of purchasing a home, it is important to know exactly what you are getting into. Unfortunately, it isn’t as simple as a monthly mortgage payment. Some of the other costs that come with purchasing a home include:

Insurance, Downpayment, Closing Costs and more.

How fast can you save for a downpayment?

Saving money on groceries: Meal planning, coupon cutting, and making more food from scratch can all add up to significant savings on your grocery bill.

Eat leftovers.

Consider money saving apps: Apps like Ibotta or Rakuten will save you money and those pennies will really add up.

Swipe Up to Learn More!

Check out how we save over $31,000 in a year for free straight to your inbox!

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