Saving for your dream home is a fun way to be able to put money aside for something
that you desire in the future. There are a few ways that you can put money aside without
it feeling like you are tapping into money you need for everyday expenses. Here are
some ideas that you can try to utilize in saving a little extra cash for your dream home.
Loose Change
Loose change is one way that you can use to save without feeling the effects. Anytime
you receive change from a money transaction, place it in a container to be counted at a
later time. Some banks have change counters that you can use for free. Other change
counting machines charge a fee; you will want to avoid those. Instead, have a coin rolling
date in the future with some of your children or friends.
Credit Cards
Pay credit cards in full each month. One of the biggest money-suckers of all is the credit
card trap that people allow themselves to fall victim to. If you are able to pay balances
off, you will not be forking over money to credit card companies that could instead be put
in your own pocket.
Using Cash
Use cash as much as possible when you need to buy something. Get into the habit of
carrying cash for your purchases so you will not be tempted to buy it on credit. If you stop
the credit cards from being used from the very beginning, you will not have the
temptation to use your money to pay other bills, allowing the finance charges to escalate
on your credit cards.
Savings
Make a habit of placing a predetermined amount into your dream house fund each and
every week. Take this money off of the top of your income for the week and do not
incorporate it into the total that you have available for bill-paying. If you treat this money
as a bill in itself, it will become habit to account for it.
Have the money direct-deposited into a dream home bank account. If you never see the
cash or have the chance to hold it in your hand, you will not miss it. You can have your
company withdraw it right from your paycheck and have it placed in an account that you
will not touch until you are starting to look at real estate for your new home.
Financial Moves
Sell extra items that you have accumulated around your home and use this money
exclusively for your dream home account. Everyone has something that someone else
wants; you just need to market your wares properly in order to make a decent profit.
Place some things online and auction them off at the proper times of the year where you
will make more money for these things. Sell winter clothing in the autumn and sell
summer clothes in the springtime. Sell new items in the autumn so people buy them for
holiday gifts.
Keep tabs on any money you have saved and move it into higher rate certificates of
deposit or fluctuating stock option accounts. Make sure as well to get a certificate of deposit. You will need to keep abreast of what is
happening with the stock market and make decisions that you believe may land you
extra money. Stick with medium risk accounts as you do not want to lose your entire
savings because of a company going out of business.
