How to save for house deposit on $45,000 pa
Answered 2 years ago
I'm going to claim my ftb as lump sum at end of financial year to help, that's around $3,500. But trying to find ways to save each pay. What does everyone else do? I was hoping to save $10,000 by start of July but that might be unrealistic.
My rent $320 a week, power bill about $300every two months, car/internet/phone about $200 a month.
How do others make this work for themselves ☺
Have an answer?
Wasn’t enough, trying to buy In Sydney.
Have 4 kids under 6, im not working. Husbands wage is about $160k
It was the one income and too many kids that didn’t allow us to borrow as much as we need
I do have 10k but it's money I've had for ages saved up and I haven't been actively adding to it and wanted to get serious this coming year. I've been in the same rental for 3 years but it's now too small with two teenagers and a baby. I was hoping I had some chance of buying if I really tried saving hard! Doesn't seem very positive now though. 😂
I work 40 hours a week Monday to Friday already too. Seems dismal
Also, if you're only able to save through forced strategies like overpaying tax then you're not ready for a mortgage. I also doubt banks will see overpaid tax as a savings record.