It is a good idea to start saving for a down payment as soon as possible, but it may be hard if you have a lot of bills. The first thing you should do is to get out of debt as fast as possible and try to minimize the use of a credit card. Another good alternative is to see if you can make some side money off of the hobbies that you enjoy the most.
Key Takeaways:
- Try to see if the hobby you enjoy can make you some extra side money.
- Audit yourself and see where the best place to freeze your financials are.
- If you have credit card debit, it may be easier to get that out of the way first.
“Give yourself some time and get creative with the following savings strategies, and you can hit your down payment target.”
Read more: https://www.ally.com/do-it-right/home/ways-to-save-for-a-down-payment/
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