31 Ways to Save for Your Down Payment
Posted by Michael Marciano on Tuesday, December 13, 2022 at 9:00 AM
By Michael Marciano / December 13, 2022
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There’s a meme going around that says something like, “I unsubscribed from Netflix and have been packing my own lunch; should be able to afford a house any day now!” This is exactly the type of zinger that resonates with today’s generation of homebuyers. Home prices are at record highs, and factors like student loan debt, salaries not keeping pace with inflation, and high rent prices all make saving for a down payment really difficult.
To put it another way? It’s passé (and laughable, really) to tell anyone that skipping an iced coffee run here and there will magically translate to a down payment fund in this unprecedented market. But if you are looking to put some money aside for...