{"id":22490,"date":"2020-07-10T15:11:34","date_gmt":"2020-07-10T15:11:34","guid":{"rendered":"https:\/\/www.thehouseshop.com\/property-blog\/?p=22490"},"modified":"2024-04-26T19:37:38","modified_gmt":"2024-04-26T19:37:38","slug":"get-your-house-deposit-together-quicker-with-these-saving-tips","status":"publish","type":"post","link":"https:\/\/www.thehouseshop.com\/property-blog\/get-your-house-deposit-together-quicker-with-these-saving-tips\/","title":{"rendered":"Get your house deposit together quicker with these saving tips"},"content":{"rendered":"\n<!-- SEO Ultimate Plus (https:\/\/seoultimateplus.com) - Code Inserter module -->\n<script async>(function(s,u,m,o,j,v){j=u.createElement(m);v=u.getElementsByTagName(m)[0];j.async=1;j.src=o;j.dataset.sumoSiteId='b68b392479b5981b8acf46565e9fe32a0734fc21a1f7c1e60121eaa6ca1a1c64';v.parentNode.insertBefore(j,v)})(window,document,'script','\/\/load.sumo.com\/');<\/script>\n<!-- \/SEO Ultimate Plus -->\n\n<p><span style=\"font-weight: 400;\">Fed up of living at home? Or are you sick of having to check in with nosey landlords? Buying and owning your own home is something that most of us aspire to do at some point. However, to get your foot on the first rung of that property ladder, you&#8217;re going to need a house deposit.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Whether you&#8217;re utilising a Help to Buy Scheme or you&#8217;re simply painstakingly putting away money each month, you&#8217;re still going to need thousands of pounds set aside to open up the most basic of housing options. Saving can feel like an uphill struggle, however, there are plenty of ways you can boost your savings and reach your goal faster.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Read on to find out how you can get your house deposit together quickly!\u00a0\u00a0<\/span><\/h2>\n<h3><span style=\"font-weight: 400;\">Set up an ISA<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">An individual savings account is where you can place your savings and grow tax-free interest. Click here to find out more about <\/span><span style=\"font-weight: 400;\">stocks and shares ISA<\/span><span style=\"font-weight: 400;\">. You can withdraw your money without worrying about penalties and access your account whenever you need to, and there are no hidden fees or costs, meaning everything you put into your account is truly yours. You can transfer everything in just a few clicks if you have an existing ISA.<\/span><span style=\"font-weight: 400;\"> <span>In the journey towards saving for a house deposit,\u00a0<\/span><a href=\"https:\/\/www.compareaccounts.com\/savings\/bank\/\" rel=\"noreferrer\">comparing savings account benefits<\/a><span> from various banks can profoundly impact your savings growth. By choosing the right savings account, you can secure higher interest rates, benefiting from compounded growth over time. It&#8217;s essential to assess and compare these accounts carefully, ensuring your hard-earned money works as efficiently as possible towards your deposit goal.<\/span><\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Cut back on your spending<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">It sounds obvious, but you may not be saving as much as you could be simply because your spending habits haven\u2019t changed. If you\u2019re eating out several times a week, shopping online every day, and throwing additional items into your basket at the supermarket, then you\u2019re literally pushing your dream of owning your own home further away. Cut back on your spending habits, and you\u2019ll notice an increase in your savings.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Make a note of where your money is going &#8211; you can do this the good old-fashioned way with pen and paper, or there are online alternatives that help you to track your outgoings, like mobile apps. This way, you can review the patterns at the end of the month, and going forward, you know where you need to be more careful with your spending. It\u2019s always good to be aware &#8211; you might be surprised at how much you spend on eating out or going to the pub, both of which you can reduce until you have your deposit in place. Every little helps.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Move to a cheaper property<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">It\u2019s a bold move, but there are huge savings. Could you and your family downsize for a few months to save on rent and utility bills? If you\u2019re living with your parents and pay them some sort of rent each week, discuss reducing the amount you\u2019re paying and offer to do more around the house instead.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Make your savings automatic<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The physical act of moving money from one account to another can be all it takes to put off saving anything at all. When you make your savings automatic with a standing order, you don\u2019t have to think about it. It\u2019s all done for you, leaving you to get on with your day and focus on saving more elsewhere! It\u2019s best to set this up just after the time you get paid, so it doesn\u2019t have too much of a negative impact on your main balance figure. If you get a bonus or some unexpected funds, you should immediately add this to your deposit savings pot, instead of blowing it all on something unnecessary. Be sensible, and the dream will become ever more real.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Declutter<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Okay, so you might not get huge amounts for those old textbooks and CDs, but every pound counts when you\u2019re saving for a house deposit. <\/span><a href=\"https:\/\/bestlifeonline.com\/declutter\/\"><span style=\"font-weight: 400;\">Decluttering your home<\/span><\/a><span style=\"font-weight: 400;\"> will simplify your personal possessions, making moving easier. Selling your items through social media marketplaces or on eBay will also help you top up your savings account. Win-win!<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">And finally, know how much you need to save!<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">By researching house prices in your area, you\u2019ll be able to grasp how much you\u2019re going to need to save and how long you think you may need to save. You can work out how much you need to cut back each month this way and then plan accordingly. Do plenty of research!\u00a0<\/span><\/p>\n<h6><span style=\"color: #999999;\">ref: 3765.33110<\/span><\/h6>\n","protected":false},"excerpt":{"rendered":"<p>Fed up of living at home? Or are you sick of having to check in with nosey landlords? Buying and owning your own home is something that most of us aspire to do at some point. However, to get your<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/get-your-house-deposit-together-quicker-with-these-saving-tips\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":41,"featured_media":3929,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"wl_entities_gutenberg":"","_lmt_disableupdate":"","_lmt_disable":"","spay_email":""},"categories":[16],"tags":[],"wl_entity_type":[602],"modified_by":"Editor","_wl_alt_label":[],"jetpack_featured_media_url":"https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2015\/04\/pile-of-cash.jpg","wl:entity_url":"http:\/\/data.wordlift.io\/wl0502\/post\/get_your_house_deposit_together_quicker_with_these_saving_tips","_links":{"self":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/22490"}],"collection":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/comments?post=22490"}],"version-history":[{"count":2,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/22490\/revisions"}],"predecessor-version":[{"id":30735,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/22490\/revisions\/30735"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/media\/3929"}],"wp:attachment":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/media?parent=22490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/categories?post=22490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/tags?post=22490"},{"taxonomy":"wl_entity_type","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/wl_entity_type?post=22490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}