Tips to Help You Save For a Home Deposit

1.

Budget - Often easier said than done, your commitment to both creating and seeing out a budget plan could make or break your savings goals.

2.

Investigate high-interest bank accounts - Although they can be scarce nowadays, if you shop around it’s still possible to find savings accounts with interest rates above 1%.

3.

Consider investing - If buying a home is still a little way down the road, investing may be a worthwhile consideration.

4.

Sort out any debt - Depending on the type and amount of debt you are dealing with, its presence could impact your borrowing power or chances of approval.

5.

See a financial advisor – Everyone has unique circumstances, which is why seeking professional advice can be a great way to refine your savings strategy.

Your choice made easy!

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