Have you had your eye on your perfect home for some time now? Do you daydream about making it your own? If so, it sounds like it’s time for you start thinking about your home loan deposit. Then you can go on to secure the home loan you’ll need for your dream future.

It can be a challenge to save up enough money for your home deposit, but a few minor changes to your lifestyle can do the trick.

Sell sell sell!
Firstly, sell anything you don’t use or need. Perhaps you can get by catching the train or bus and sell your car, or even sell your exercise equipment and go for a run outside instead.

Cut out that daily cup of coffee
You’d be surprised how much money you can save simply by skipping a few coffees and Friday night dinners out or Sunday shopping sprees. Curb your spending habits by just a little and watch the savings grow.

Clear out your closet
Sell some of your smaller belongings online. Clothes you haven’t worn in a long time, old DVDs and CDs or games. While you might not make mega-bucks from this, every bit counts.

When you do shop, shop smarter
For those things you really need, keep an eye out for sales and discount deals. If you need a new outfit for that special occasion, always look on the sale rack – it’s more than possible to find fabulous clothes on a bargain budget! Try to do your supermarket shopping in the evenings after dinner, so that you are not hungry and therefore don’t by lots of snacks. At night, often breads and other perishable goods will be discounted because they need to be sold that day.

Every dollar will get you closer to paying that home deposit, so make goals and save one dollar at a time.

Buying a home is one of the most significant commitments Australians make in their lifetime, so it’s important to do it right.

Remember, a Trusted Mortgage Broker can help you through the process of securing a first home buyer loan.

Trusted Mortgage Broker has a great range of mortgage calculators to help with all those tough decisions that come with finding the right loan. Have a look at our calculators on our website to help you further. www.trustedmortgagebroker.com.au/calculators/

About the Author

Sue Hayter

Sue's service commitment is fantastic. At Trusted Mortgage Broker we work with our clients to ensure they understand their options, know exactly how much they can borrow and ensure they choose the right home loan and the right lender that is not unsuitable to their individual needs.

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