Melton Buying a home is an exciting and life changing experience, however saving the deposit is quite the opposite. The first thing you should do, is work out how much money you can afford to borrow and are willing to spend.
You need to set a plan and goals for yourself to help you save your deposit, work out the total amount you want to have saved and when you want to save it by, and work out how much you will need to put away each week.
Analyse what you are currently spending and find out what unnecessary expenses you can cut out, this will also help you to set a spending budget for each week. When setting a budget, it is important that you make it achievable otherwise it will be hard to stick to. Set up a direct deposit into a savings account. You can easily do this through your banking app on your phone, simply set up a reoccurring payment for the amount you need to save each week.
