Bathurst Blog

Saving for a Deposit

Don’t despair if you haven’t got the money yet for a home deposit. A positive outlook, a budget and a plan will get you over the line.

Professional advice is extremely useful. There’s help out there if you seek it.

Most importantly, saving starts with a plan and a budget. Add up your monthly expenses and total that against your income. Where can you trim expenses? Do you need two new cars? Maybe cut back on your entertaining or phone bills? Look at ways to earn extra money. What about working at the weekend markets, taking on casual work or having a garage sale?

A good idea most financial consultants like is to put a fixed amount in a special account every payday.

Whatever plan you choose, it’s better than no plan at all. And as the savings mount up there is tremendous satisfaction, especially when you saved enough to make that long-anticipated deposit on your new home.

Raine & Horne Bathurst encourage enthusiasm. If you have a real estate need or question, feel free to contact us on 6331 6555 or call  into our office for friendly assistance.

We’re experts and we’re here to help.

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