Your Zestimate Can Be Way Off
Talk to a Human
Do you want content like this delivered to your inbox?
Share

3 Ways to Save Money for A Down Payment on A House

Share

3 Ways to Save Money for A Down Payment on A House

The Kent Redding Group

Purpose DRIVEN ♥ Passion LED ♥ People FOCUSED #1 Berkshire Hathaway Team in Texas 

Purpose DRIVEN ♥ Passion LED ♥ People FOCUSED #1 Berkshire Hathaway Team in Texas 

Aug 28 2 minutes read

Do you want to buy a home in Austin but can’t seem to make progress when it comes to saving money for a down payment to actually buy a home?

In this article, we will share with you 3 ways you can save money for a down payment on a home.

#1 - Transfer A Fixed Amount from Your Checking Account Each Month

The first and most popular way to save money for a down payment on a home is to transfer a fixed amount of money from your checking account each month and have those funds deposited into your savings account.

As with anything in life, the key to success is to commit to never using those funds and one of the best ways to do this is to recruit your spouse or partner to hold you accountable so you won’t tap into those funds and use them to purchase something else.


#2 – Skip Vacations For At Least One Year

Yes, you may love going to Cabo every year but if you’re spending up to $1,000 or more on your vacation, that’s money you could be saving for a down payment on your home.




#3 – Slash Your Expenses

Another great way to save money for a down payment on a home is to slash your expenses. This can be done by doing simple things like changing cellphone or cable TV providers, eating out less or changing insurance providers.

Once you begin to cut your expenses you will be amazed to see that it’s entirely possible to save $250 per month simply by changing your everyday services or habits.


Search for Homes in Austin Texas 

Ready to buy a home in Austin? Contact us today [email protected] or click here to connect with us online.

Selling Your Home? 

Get your home's value - our custom reports include accurate and up to date information.

Get Home Value
We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies. More info