Saving

How to save for your first home
How to save for your first home is a question we can all answer for ourselves so the real question we need to ask is am I committed to make sacrifices to start saving for my first home?
It’s easy to say you’ll start saving next pay but when it comes to the crunch, will you be able to say no to going out with your friends on Friday night after work, shopping on Saturday, dinner at a restaurant Saturday night and Sunday you’ll want breakfast down at your local Bakery. What is all that called, a life style and if you want to start saving for a home loan then you’ll need to make some changes to your life style.
Here are some hits on how to start saving –
1. Save a minimum of 10% of your earnings each week. This will be difficult but a good starting lesson in remaining dedicated. It doesn’t matter how small or large the saving are, it’s a start to success.
2. Sell stuff. Anything in your house that you have not used in 6 months, sell. Garage sales, ebay of the Trading Post are all excellent ways to make money fast. You may think you having nothing anyone else would want to pay money for but you’ll be surprised what you’ll find if you dig deep enough. You could as friends and family to donate property they would like to clean out of their house.
3. Save all your change – every coin in your pocket at the end of the day should be placed into a piggy bank.