Financial Experts’ Advice on Saving for a Down Payment

Getting enough money together for a down payment can be one of the biggest hurdles to becoming a homeowner. Thankfully, Forbes magazine has put together a very helpful list of experts’ tips on how to save up for a down payment. They are:

  1. Prioritise it
  2. Automate it
  3. Gamify it
  4. Set aside unexpected money
  5. Build a side business
  6. Budget for it
  7. Increase your income
  8. Live with a roommate
  9. Maximise earnings on your stuff
  10. Rent cheaply to save up

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