Most Marietta Banks are Requiring Down Payments Again

Making a household budget and sticking to it is the easiest way to save for your next Marietta home. However, if you are like many homeowners, finding the extra money every month can be difficult. With that said, cutting back and making realistic savings goals can be accomplished with a little planning and a lot of hard work.

It is important to remember that working toward a goal of owning your own home will be more than worthwhile the moment you can say you are officially a homeowner!

Now that we are all in agreement that the key to saving for your next Marietta home is budgeting, let’s take a look at all the ways you can find the extra money in your budget to accomplish your savings goals.

Let’s explore some of the common excuses for not saving:

I can only afford to save $100 a month. How will I ever be able to afford to buy a home?

Regardless of how little per month you can afford to put away for the down payment on a new home, remember that every dollar counts. And your financial situation could change at any time, so although you may not be saving as much as you’d like right now, you can always increase this amount in the future. Which brings us to the next excuse…

I can’t find any extra cash in my budget to begin saving.

Most people that say they can’t afford to save for their first home often have the ability to save, but choose not to.

What does this mean?

This means that at first glance you may not have any money left over to save each month, but upon further reflection (i.e., making a budget) you may be quite surprised to find many areas in which you can save. For example, how many days per week do you go out to eat? Could you cut those days in half and use the money towards savings? Is your cell phone plan working for you, or are you paying for minutes or coverage that you rarely use? Is it that important to have premium channels on your cable bill each month?

The bottom line is that we can all find areas in which to cut back. If you want to save, you will almost always find ways to do it. It is often as simple as that.

I’m not disciplined enough to save every month.

So many of us make commitments to save every month, but as each month passes, we find other ways to spend the money. A simple solution to this is to set up automatic withdrawals to an interest bearing money market or savings account, either directly from your paycheck or through your checking account.

If you hve ever heard the term “pay yourself first,” this is exactly what it means. Make it a priority to pay yourself first and it will pay off in the form of a new home.

Set your sights on a savings goal and stick to it! You will be rewarded with a new Marietta home of your own sooner than you think!

Tina and her staff of professional Realtors are available to assist with all your real estate needs, to speak with an agent who has local Marietta real estate knowledge call 404.842.1555