Need help saving money to buy a home? At INHP, you have the opportunity to work with a certified homeownership advisor to help you prepare your finances, improve your credit score and save for a down payment.
Here are four tips Connie, an experienced INHP advisor, recommends her clients keep in mind when saving money:
- Keep a budget: In your budget, make sure to write everything down. If you tend to overspend, use cash instead of credit or debit cards.
- Always save something: It’s better to save something small than nothing at all. If you can, be consistent with the amount you save and remember your ultimate goal to help you stay focused.
- Know your triggers: If you tend to overspend when you’re happy, sad or bored, recognize those triggers so you can redirect them.
- Save for unexpected expenses: Life happens, and you’ll need to be financially prepared for things that may suddenly come up. Connie recommends starting with $500-$1,000 for unexpected expenses and building from there.
Ready to buy a home but need a little help with the down payment? You could qualify for up to $7,500 in down payment assistance funds if you choose to finance your home with INHP. Learn more here.