Saving for your Dream Home

Posted by Christina Bieniek on Thursday, November 5th, 2015 at 9:57pm.

Hello Readers,

 Hope everyone had a fabulous week! I always get asked the question how do I save for a down payment on my dream home. I know life can be expensive, you just have to make sure that you plan and stay on track and anything is possible… here are some tips and tricks to help you save. 

Keep Track of every dollar. If you know where your money is going each month, it will make it easier for you to save. Make a chart of your bills, your food expenses and savings. Each month review your statements and stay on track

Rate every purchase. Know the difference between “want” or “need”. Those $200 dollar black boots are a want-not a need ladies!

Have saving goals and stick to them. Once you determine the difference between want and need use the extra money to put in your savings. Do you need that double mocha latte from Starbucks that’s five dollars? Or can you make coffee at home. Remember: every dollar counts!

Set funds aside. Have separate savings account for your down payment (I would recommend calling it dream home) to remind you what you are saving for. The name of this savings account will make you think twice before dipping into the funds for unnecessary purchases.

Have your savings come out automatically. If you are paid through direct deposit, set it up so your paychecks can go into more than one account. I promise you, you won’t miss money you don't see in the first place.

When your down payment goal is in sight, find a Realtor that can help you take the next step to finding your dream home. Feel free to contact me for saving tips and anything else related to the Real Estate Market.


Your friendly neighborhood Realtor,

Krystyna Bee



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