How does a couple save 20k for a down payment?

Question

Northern California has one of the most expensive real estate in the county. How does a couple save 20k in two years with only 60k income after taxes. Is this unreal if we have to pay close to 1,500 in rent montly?

Answer 1

If you two make 60k and pay 1500 rent. than you should be able to get 100% financing if your FICO score. What you need to do is get preapproval for the amount in which you feel comfortable with. Since N. CA is getting in many foreclosures than find a good Real Estate Agent and when you find the right home jump on it.

Since I am in N. CA if you need help with Real Estate or Loan I can help you. Lets talk!

Answer 2

Stay focus and positive.Once you have negative thoughts they will roll from your mouth and then act on, so say you can and What do I need to do to do it.Actually through a Pre-Foreclosure you can get the property for the debt owed at no money down and no credit check.This can be done California has a high Foreclosure and now more with the prices on houses so high..You can contact me if you would like more info.Good luck.
www.foreclosureavoidance.ws

Real Estate Investor

Answer 3

create a budget, then you will know where you are spending your money

get rid of credit cards and begin paying by cash or check, some prefer to keep one card for emergency situations but it is best to keep this out of reach, and not in their wallet or purse

brown bag it,believe it or not, all of those lunch hours spent at the local restaurants and vending machines begin to add up, bringing your own lunch can save you several dollars each day

call during off peak hours, it is not uncommon for "phone talkers" to spend a couple hundred dollars a month on phone charges

clip coupons, use them at stores that offer double amount
limit your number of trips to the store or the mall, never go shopping when hungry, tired or depressed

put $25 a week or whatever you can afford into your savings account

empty your change into a coffee can or jar each day

Answer 4

Analyze your spending. Can you afford to set aside about 850 dollars every month for the next 2 years? If so- open up a savings account and do so. If you have direct deposit, the best way to do this is to have a certain amount frem each check automatically sent to that savings account. Good luck with the homebuying!

Answer 5

Are your expenditures weekly or month-to-month?, sounds like your doing good so a techniques alongside with your debt. stay on the right track and as answer 2 says pay as much as you are able to off your expenditures, to try this swifter you will possibly be able to might desire to sacrifice a number of your luxuries and placed that funds on your expenditures. The qicker you pay them off the extra useful you're and it reduces the pastime to pay to lenders. flow by your funds back and spot the place you are able to decrease back and yet funds away for the expenditures like electrical energy, telephone/cyber web, food, vehicle coverage, and so on each week so which you have that funds there for the expenditures. Do you extremely need new outfits? ( can those you have see you out for a at the same time as) for leisure you an invitation chum over had play board video games as an occasion with each chum bringing a plate. you will possibly desire to be intense approximately this in case you desire out of your debt. You earn incredible funds, make it paintings for you. good success my costly.

Answer 6

Read "The Automatic Millionaire" by DAvid Bach
It will tell you how to save for a house and how to save for retirement! It changed my life and has made me financially wealthy!