How to Save For a House: 10 Ways to Make Your Biggest Purchase Ever

[{"selector":"#anim-a2ec70ec-b9c1-491f-a423-27a25e926342","keyframes":{"opacity":[0,1]},"delay":300,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-50209971-0946-4b00-b791-74cd067349a6","keyframes":{"transform":["translate3d(-116.93811%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":300,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Are you looking to buy a house? Here is how to save for a house. Plus 10 ways to make the biggest purchase ever. Take a look at these tips.

[{"selector":"#anim-a993b7b6-1dca-487f-8058-d6fc27e9eb13","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-4bbc17a3-11b7-4105-b62d-0c91755f6455","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Buying a home may be the biggest purchase a person can make. And, with home prices rising, it can also feel intimidating or even impossible, especially for a first-time home. However, there is no need to fret. You are in the right place.

[{"selector":"#anim-dd3f62a2-f535-4256-9477-c9d338f18193","keyframes":{"opacity":[0,1]},"delay":200,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3b88cc17-eee1-44a2-a3f6-7d713161e4a8","keyframes":{"transform":["translate3d(94.24658%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7056f125-34f9-46fd-a070-6de7ab8c8d5c","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-16f55266-e9be-4fb5-a38d-7649f0b0439a","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-bf0f23da-0f65-4303-87f9-09e517924d77","keyframes":{"opacity":[0,1]},"delay":200,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-86fd6498-2c1a-4a2f-8d59-7bd19ef0cf9e","keyframes":{"transform":["translate3d(112.87672%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Why Do People Want a 20% Down Payment?

[{"selector":"#anim-5e119b9f-739d-4b4a-a959-14bc821d1857","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-77a8b871-d9a4-4aae-ad19-4ea3ee5c138c","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-5c6be18b-d43c-4170-a7a6-3c60b76e8f3d","keyframes":{"opacity":[0,1]},"delay":200,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cddf2525-fe0f-4eb7-8b12-b784fd31adcc","keyframes":{"transform":["translate3d(-100%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Home borrowers that make a down payment of less than 20% are typically required to pay for private mortgage insurance (PMI). This insurance is not the same as home insurance.

10 Ways to Save For a Down Payment

[{"selector":"#anim-0be02a02-c15e-4534-b69c-4342139b4ba9","keyframes":{"transform":["translate3d(-115.2381%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-390eea5e-e640-4476-920a-c2c327c5a9ad","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b52ba598-613a-4f8e-a377-948f90536708","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

1. Track Your Expenses Before you can start putting away money for your down payment, you first need to identify and track all your expenses.

A budget does not mean taking the fun out of your life. Instead, a budget is the best way to make sure you have enough money every month.

[{"selector":"#anim-a4b8c141-931b-4be2-8bee-9d365a7861b6","keyframes":{"opacity":[0,1]},"delay":200,"duration":2500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3d3a4f91-66dd-4cd6-8237-3c1a920f8acd","keyframes":{"opacity":[0,1]},"delay":200,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5ed955f2-c24a-4b9f-b339-de65a3e534b8","keyframes":{"transform":["translate3d(-105.47945%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

3. Automate Savings Talk to your payroll department to have them transfer a certain amount or percentage to your desired account.

[{"selector":"#anim-5db295b7-88e1-476f-92cf-e6a98a76965c","keyframes":{"opacity":[0,1]},"delay":200,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8d764074-4665-49c7-8820-40b2615e9e13","keyframes":{"transform":["translate3d(0px, 99.78808%, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":2500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ca6136a8-6143-47f7-b608-e2b2890b98cd","keyframes":{"opacity":[0,1]},"delay":200,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5336ae36-d9d7-490f-838a-4829dc72aa70","keyframes":{"transform":["translate3d(100.00000%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a2d308a7-280a-4fe0-a0af-86dcfa24acd5","keyframes":{"opacity":[0,1]},"delay":400,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7f144c9f-5707-4a9f-80af-682cf711b619","keyframes":{"transform":["translate3d(99.15254%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Swipe Up to read more about 10 Ways on How to Save For a House

[{"selector":"#anim-a9b7ed66-9644-4288-bb77-148d2ad6e566","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-881938e3-2335-4a24-bf07-dee8f9852543","keyframes":{"transform":["translate3d(0px, -123.81632%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Learn more

More stories

[{"selector":"#anim-ab01b843-182c-4ea4-af5e-cdcf821b6158","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0dee0a21-50a5-4af7-a51b-96c30e4197e1","keyframes":{"transform":["translate3d(-132.41381%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bf4c8ae3-aefc-4933-b3da-12641d97fa87","keyframes":{"opacity":[0,1]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c44db0ca-30db-4ef4-9aae-260c2e886b62","keyframes":{"transform":["translate3d(-199.50248%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b342fd16-1505-464b-9e51-083085987aab","keyframes":{"opacity":[0,1]},"delay":600,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5d7b1ae1-3bf4-4ec7-b10c-06091a2d1c3f","keyframes":{"transform":["translate3d(-133.10347%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-61b952ef-eb01-4932-b82b-4d8cea3740dc","keyframes":{"opacity":[0,1]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0a1fe35a-25c3-44d1-90a9-45a271f54c23","keyframes":{"transform":["translate3d(-199.50248%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cd816bf0-8a55-4ae7-a056-23245024667d","keyframes":{"opacity":[0,1]},"delay":1200,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3b4adedb-954e-4715-9120-bf5c40cbcec7","keyframes":{"transform":["translate3d(-132.41381%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1200,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f5d5ab89-581d-4852-9419-09c844ec00d8","keyframes":{"opacity":[0,1]},"delay":1700,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5e26f372-99e0-4b39-895f-faee22ea24eb","keyframes":{"transform":["translate3d(-199.50248%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1700,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-55e7b56f-8318-4466-8afb-5c109d597719","keyframes":{"opacity":[0,1]},"delay":300,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-633acd48-6952-4693-8c6c-ba44f29fca68","keyframes":{"opacity":[0,1]},"delay":900,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-27cd7a13-c862-48fa-a266-58300535354a","keyframes":{"opacity":[0,1]},"delay":1500,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cfada823-1ce1-45aa-8fbf-c8e68b48b0b0","keyframes":{"opacity":[0,1]},"delay":200,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cdfacbc1-5e26-4669-bbcd-c04e29d7fd1e","keyframes":{"transform":["translate3d(-132.41381%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b2740a1e-2653-46ec-b7b3-c4f2248f80b3","keyframes":{"opacity":[0,1]},"delay":800,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9b1ff473-4230-448f-a736-a4c43633de06","keyframes":{"transform":["translate3d(-132.41381%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":800,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7c01e809-0955-4d56-b1bb-09dcc1de752b","keyframes":{"opacity":[0,1]},"delay":1400,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e108410e-bd3e-463c-a076-31d282e14366","keyframes":{"transform":["translate3d(-132.41381%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1400,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Should You Own your Own Property? Homeowners Insurance: Everything You Need to Know Before You Buy The Truth Behind The Dave Ramsey Baby Steps

How to Save For a House: 10 Ways to Make Your Biggest Purchase Ever

Read More

Are you looking to buy a house? Here is how to save for a house. Plus 10 ways to make the biggest purchase ever. Take a look at these tips.

Read More

Buying a home may be the biggest purchase a person can make. And, with home prices rising, it can also feel intimidating or even impossible, especially for a first-time home. However, there is no need to fret. You are in the right place.

Read More

Read More

What Are the Costs When Buying a House

A down payment is an out-of-pocket expense a homebuyer will pay when financing a purchase. The amount is usually a percentage of the purchase price, which can vary depending on the type of loan.

Why Do People Want a 20% Down Payment?

Read More

10 Ways to Save For a Down Payment

Read More

1. Track Your Expenses Before you can start putting away money for your down payment, you first need to identify and track all your expenses.

Read More

A budget does not mean taking the fun out of your life. Instead, a budget is the best way to make sure you have enough money every month.

2. Create a Budget

Read More

3. Automate Savings Talk to your payroll department to have them transfer a certain amount or percentage to your desired account.

Read More

Swipe Up to read more about 10 Ways on How to Save For a House

More stories