Saving up enough money for a down payment can be tough. The best way is to segregate funds dedicated to that purpose on a regular basis through a separate account – like a savings account. Then try these methods:
1. Set up automatic transfers from your checking account to your savings account on a monthly basis;
2. Every time you receive a $5 bill, set it aside. One woman claimed to have saved $36,000 doing this over 12 years;
3. Set aside raises, bonuses, and tax refunds and put them in your separate account;
4. Keep the change. Set aside and deposit any money you receive back when paying cash;
5. Take the cash from rewards credit cards and put it into savings.
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