saving for a down payment?

Question

any tips on the best way to budget and to save for a down payment on a house?

Answer 1

Well there are many ways. You could check several websites Like daveramsey.com clark howard.com to start with...

If you have been working for a period of time you take all your take home pay and divide it up where the money goes. So much for car payments, Rent, Insurance, Food, Clothing, and so on then every month you make that money go where its suppose to go and don't forget to add what your wanting to put aside for your down payment...

Answer 2

Like "nancy kay" said... * applaudes* !!

You are more than capable of eliminating various things in your life, in order to put more in a savings account for building up a down payment! Sooooo many do not want to give up privileges in order to obtain their goals which is why so many fail ! Only you can make a change in your financial life so go ahead and DO IT... no trying... lets DO !! : )

Answer 3

i don't comprehend the area approximately saving 10% plus enterprise matching and yet another $3K to the Roth. Are you contributing on your employer's 401K and the Roth to boot to paying off the domicile early? if so as this is super. yet once you're questioning of that 401k as fee reductions for use to repay the domicile, that ought to be undesirable. those are retirement bills and could are available in very available once you're on your 60s. at the same time as that is solid to repay your contemporary loan earlyl and shop that domicile as a condo, you're nonetheless going to prefer a minimum of 20% down plus remaining for that new domicile. and don't overlook all the extras that take money, like window remedies, redesigning, new fixtures, and so on. better to sustain for an even bigger downpayment. It additionally won't be any such solid theory to tie up you income condo components.

Answer 4

Open a high interest e-savings account like ING direct or Citibank Direct so your money can grow. You must be diligent in adding money to this account every week!

Stop going out to dinner (take that money and add that money to savings account)

Buy mostly "On Sale" items when grocery shopping and use coupons!

Answer 5

what you might wanna figure out first is your credit score. usually a middle score of 660 or higher will allow you to get a 100% loan so you won't need a down payment at all, unless you still insist on doing so. chekc that out first and see where you are at. if you're only 20 or 30 points off then you might wanna up your score and keep the money you already have for later.

Answer 6

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