5 tips for saving for your first home

Buying your own home seems impossible for you? The following 5 saving tips will help you on your way! 

1. Draw up a plan

Make sure you know how much you need to save for the amount you need to be able to deposit at the bank to take out a loan. Also take into account the notary fees. Make sure you ask several bank agencies so you can see who offers the best loan.

2. Keep a household book

Note down your income and expenses each week and see where you can save. Just write them down on paper or use a handy app such as Mijn Geldzaken Budget App. 

3. Open a separate savings account

Set up a separate savings account for your home. This way you know that you cannot take any money out of it until you have actually reached your goal.

4. Ensure more income

Think about how you can earn even more! Go for an extra flexi-job or ask your boss for a raise! List all the things you have achieved for your employer and why you deserve a raise. 

5. Keep an eye on discounts and try to avoid expensive purchases

Some expensive purchases are unavoidable. We all need transport or, for example, a washing machine. When buying such things, always try to look out for discounts. For example, you can wait until the sales. 

Source: Zimmo