Trying to save money for your Home Deposit can seem like an impossible task.
Everyone appreciates how hard it can be to get enough deposit together to make that big step and especially when you are paying rent or board in the meantime.
It’s not you, it’s me…..
I remember when we first met, I was freshly 18, just started out in a full-time job. I was slowly learning how money worked when I was told; ‘You should apply for a credit card, it will boost your credit rating’. So I took an application form sent it away and a week or two later you arrived in my mail box.
Everyone is talking about how interest rates are at an all time low and at the moment they really are.
What does this mean for you? if you haven’t had your home loan reviewed in some time it could be costing you shoes! (or savings)
Have you got credit card debit that is weighing you down? The EOFY year a great time to look at where your debts are and how you can start lowering them.
Earlier this year I shared one way to smash down your Credit Card debt and in case you missed it you can find it here; ‘Smash your credit card debit’
I have another way you can smash your credit card debit through consolidating it however there are some important things you need to consider when you do to make sure you are actually saving time and money.
Genuine Savings is a term most Banks and Lenders use for your Deposit when you are purchasing a house. Banks and Lenders are looking for a commitment to show you can save money or at least commit to a regular payment each week/month/fortnight.
So, what is considered Genuine Savings?
Check out the blog video here
I want to write a blog on how to save you money but the truth is there are so many ways you can save money, lots of little changes you can make to your banking which will save you a little here, a bit more there. So where to start? If I wrote everyway I knew in one blog post it would be too long and you would most likely be overwhelmed rather than inspired.
For now I will share 3 simple ideas to save you money and I will make sure to follow up in the future with more hints and tips.