• Lifestyle.
    • Curly Hair.
    • Beauty
    • Everything Home.
  • Productivity
    • Organization
  • Finance.
  • What to Buy.
    • Amazon
    • Gift Guides
  • Shop My Instagram
  • Contact Me.
    • Facebook
    • Instagram
    • Pinterest
    • YouTube

Kelsie Bodden

Authentic Content to Inspire

How to Save Money for a House

February 21, 2021

How to Save Money for a House

Saving money for a house can feel overwhelming and impossible. No doubt it’s not something that just happens overnight! Today I’m sharing with you 2 proven steps to implement regarding how to save money for a house, the easy way (kinda)!

Determine How Much You Need & Be Realistic

The truth is saving for a house doesn’t mean just saving for the down payment, there are costs for inspections, valuations and other closing cost that people often forget about. When purchasing a home these are cost that can add up significantly. Therefore, I HIGHLY recommend you consider these when trying to figure out how much money you should save.

To help you determine what this number looks like for you consider the following points:

  1. Get pre-approved – This way you know what your overall budget is.
  2. Decide how much you want to put down for a downpayment. (5%, 10% or more?)
  3. Get quotes on how much inspections / valuations will cost.
  4. Ask you realtor for an estimate on closing cost.
  5. Decide if you want move in ready or a fixer upper. Then set a budget for renovations if needed.

After taking those points into consideration and realistically determining how much you need to save for your house, now you can figure out how much money to set aside each month/paycheck to reach your target. This leads me to the next step, budgeting.

Set a Budget

To successfully save money for a house you need to come up with a solid plan. This starts with managing your money effectively, and what better way to do so than putting together a budget.

To help you build better money habits and save money for a house, I have created a FREE Monthly Budget Template! All you have to do is sign up below and your download link will be in your inbox!

Join my email list to receive my free printable budget template to help you get started:

    Built with ConvertKit

    If it seems like it’s going to take you FOREVER to hit your target try these tips to help get to your goal faster:

    1. Cut back on expenses
    2. Pick up a side hustle
    3. Automate your savings
    4. Stop using your credit cards

    I’m so excited for you to start your journey to homeownership and I hope you found these steps on how to save money for a house useful!


    For more things to consider before buying your first home, check out my post on 3 Things to Consider Before Becoming a Homeowner :

    How to Style Open Shelves in KitchenJune 2, 2021
    Top Shelf I’m no interior design expert, but I’m all about making …
    Home Renovation Q&A: Budget, Decor Ideas, Finding the Right PlaceMarch 20, 2021
    Answering all your Renovation Questions below! Finding the Right Place Q. What …

    Come hang out with me! If you are interested in watching my current renovation project don’t forget to follow on Instagram for weekly updates and subscribe to my Youtube channel for more behind the scenes.

    Filed in: Finance, Home • by kelsiebodden •

    Kelsie Bodden

    Woman in pink dress takin selfie

    Just a 24 year old, trying to navigate through this crazy life and sharing with you my tips, tricks and lessons.

    Think of me as your go to girlfriend for
    getting your life together. On my blog I cover everything lifestyle from home organization, managing finances to beauty on a budget.

    When I'm not busy working as an accountant I'm sipping on coffee, or cuddling with with shih tzu (Blu).

    About me

    • Facebook
    • Instagram
    • Pinterest
    • YouTube

    Search the Blog!

    Popular Post

    How to Style Open Shelves in Kitchen

    Woman in pink dress takin selfie

    Quick Date Night Makeup

    Follow

    @kelsiebodden

    fit check | 🦋 fit check | 🦋
    Fridays hit different when it’s a long weekend 😌🤌🏼💖
    Sushi date to start the weekend 🍣 🍸 Sushi date to start the weekend 🍣 🍸
    Big Memories 🤍🤍🤍 #engagement #engagementp Big Memories 🤍🤍🤍 #engagement #engagementparty #misstomrs
    An aperol spritz moment 🍹 An aperol spritz moment 🍹
    Sunday Dreaming 💭 Sunday Dreaming 💭

    Copyright © 2022 · Theme by Blog Pixie