How to save for a deposit - FAST!

How to save for a deposit - FAST! 🔥🔥🔥

Almost everything about buying your first home is exciting. BUT, coming up with the money for a deposit Isn't!

It can be a tiring and lengthy ordeal but keep in mind the more money you put down upfront, the less you'll have to borrow.

There are many ways to save for a home that don't require major changes to your lifestyle. With a good savings plan and some discipline, you'll soon have the deposit for your home.

Here are our suggestions to turbocharge your savings:

👉🏻 Pay off existing debt, avoid credit card debt & BNPL,

👉🏻 Take advantage of FHOG's,

👉🏻 Consider moving back home or shared accom

👉🏻 Sell pre-loved goods on Gumtree

👉🏻 Put away 20% of your wage

👉🏻 Rent out a room

👉🏻 Shop at discount stores or bulk buy

👉🏻 Reduce your luxuries

👉🏻 Get a part-time job

👉🏻 Set yourself a budget and stick to it

👉🏻 Use a high-interest saving account,

👉🏻 Invest in micro shares or ETFs,

👉🏻 Shop around for deals.

Spill the beans! What have you done to improve your savings?!