Saving More For Your Down Payment

It’s that busy time of year where everyone is spending on those special Christmas gifts, entertainment, and family celebrations. Something to think about come the New Year (or possibly a New Years Resolution!) could be “How can I save more money to purchase my dream home?” Well we have some helpful tips for you to get one step closer to your goal.

Tip 1 – Limit spending on the non-essential items.

Its tough to sacrifice the luxuries but try visualize your home purchase every time you have that urge to go to the spa, buy that $8.00 coffee, or get the itch to plan a luxurious vacation. You’ll be surprised on what you will save by just cutting back on a few of these things.

Tip 2 –  Avoid an unnecessary purchase.

Do you really need that new car or new phone that just came on the market, or will what you have get you through until you purchase your home. We live in a fast-paced world where we always feel like we need to keep up with the new items coming on the market while we try to stay current and up to date but that iPhone 4 can get you through, I promise!

Tip 3 – Find free entertainment…It’s everywhere!

We are surrounded with beauty here on Vancouver Island which to me means free entertainment! Take a hike with your family, go to the beach and search for sea glass and treasures, or take a walk on the harbour and watch the action on the water. For the Friday and Saturday night socials, invite your family and friends over for a game night or movie night. Make it a potluck so you have everything you need without breaking the bank.

The tips could go on and on but this is a great start to begin saving for that dream home you can’t stop thinking of. Stay tuned for more hints and tips throughout the season on how to get one step closer to owning your very own home.