Save for a down payment of your WNY home with tiny steps!
Easy steps to save for the down payment for your new home!
Saving doesn't have to be hard! You might even have fun!For many, the hought of saving for a down payment in Western New York seems daunting. How, in today's world can one clean up their credit obligations, save for a down payment to qualify for a mortgage, and still have the money to take care of the day-to-day expenses?
The answer is simple; one step at a time!
Even if there are no credit obligations that have to be taken care of, the other two items still present a challenge. Along with all the advice you already know about cleaning up your credit cards, and the value of saving – here are some ideas on how to cut your daily living expense. Some are serious and some are silly, but they may be helpful. The hard things to do are not always easy, but they can be fun it you get into the right mind-set.
See how clever you can be on saving money. You don’t necessarily have to go completely without, but figure out ways to reduce the costs of daily living. Get one or two couples to join in with you to see who can “under” do rather than “out” do each other.
Some ideas for a Western New York austerity budget that come to mind:
- Buy that special coffee by the pound and brew it yourself. Read Also: How to save money for your WNY down payment
- Brown bag your lunch for work four days a week.
- Get take out for dinner rather than eating in the restaurant
- Better yet, buy that special steak and cook it at home.
- Barter services – especially babysitting.
- If you have a best friend – do each others manicures and pedicures.
- Save on gas – carpool, shop with a friend, combine trips, stay home.
- Look into consignment shops – there can be great finds at them
- Or – if your friends are your size, have a trading party – everyone brings what they no longer wear and offers them to the group. Bet there are a number of items that were impulse buys and still have the tags on them!