We know that saving for a house deposit seems impossible. Well we’re here to share some top tips to use, both at Christmas and all year round, to help make buying a home a reality in 2019.
Use apps for great savings
Take a look and see what apps are on the market to help you save a few pennies. Trainline claims to save you up to 51% when you buy in advance . On selected journeys, they also release discounted tickets on the day of travel.
Check out coupon browser extensions
This is a great tool not many people know about. Google Chrome extensions such as Honey automatically find and apply coupons while you do your online shopping. Honey is currently used by over 10 million people , so it’s got to be worth at least a look!
Turn down your thermostat
Moneysupermarket.com says that by turning your thermostat down by just one degree, you could save £75 every year. The best part is, because it’s such a small amount, you won’t even notice the difference.
Handmake your gifts
Whether it’s for Christmas or a birthday, everyone loves a hand-made gift, so if you have a secret love of arts and crafts, this is the perfect time to put it to the test! Making gifts, cards and wrapping paper yourself can save you money, but is also great fun! If you have little ones, get them helping out too.
These six tips won’t save you an entire house deposit in a year – but they’ll certainly get you started. And don’t forget, if you opt to buy via the Shared Ownership scheme, you’ll only need a 5% deposit for the value of the share you’re buying, which could be as little as £3,500.
Are you eligible for Shared Ownership?
Well if your household earns under £80,000 per year, and you don’t currently own a home – then you may just be. For more information, take a look at our Shared Ownership guide.