Well, now that you’ve realised that it’s probably too late to get your beach bod back for summer, let’s focus on another New Year’s Resolution: buying your first home!
We know it can seem impossible, and the newspaper headlines won’t make it look any easier; but as we covered in a recent blog post, it is getting easier for first home buyers.
So if one of your New Year’s resolutions is to finally buy your first home; then here are a few simple steps to take, to get the ball rolling.
Half for Play – Half Away
If you want to make the most of the slow start to the year and get your foot in the door fast, then start putting away half of your pay.
This means that if you’re a couple, then try living off one of your salaries, with the other going straight into savings. Or, if you’re flying solo, try living off only half of your salary.
It may seem extreme, but if you budget right, it can be an easy way to get your deposit together – fast.
Skimp My Ride
Sure, those mag-wheels, the race-bred engine and that gorgeous paint job were all a great idea a few years back, but is it just as important now?
No one likes making a sacrifice, but when you’re chasing a bigger goal like buying your first house, sometimes it’s a necessary (and fast) way of scrounging some of your deposit together.
So have a quick think about how important your vehicle is to you (this