4
Looking at my old budget spreadsheet from a year ago versus now... the difference is wild.
Back then I was just saving whatever was left over, but after setting up a $400 automatic transfer to a high-yield account, it actually grew. What's one thing you did that actually made saving for a down payment click?
4 comments
Log in to join the discussion
Log In4 Comments
harper_foster17d agoMost Upvoted
Automatic transfers" sound good but is a down payment really that big of a deal right now.
6
phoenix_grant3417d ago
Oh man, I totally see it as a huge deal. That down payment is the main wall stopping people from even getting to the mortgage part. Just look at rent prices now, they're crazy high. Putting even a little aside automatically is the only way most folks I know will ever save enough while covering current bills. It turns a giant goal into a bunch of small, possible ones.
8
ericj4517d ago
Automatic transfers are the only reason I saved anything last year. Rent eats everything unless you hide money from yourself first.
7
the_william17d ago
What do you think people should be saving for instead?
3