Do you currently rent? Would you like to become a home owner? Here is some advice to assist you in achieving that goal.

Save your spare change

Empty your pockets each day and put the spare change in your home buying account. Although you won’t miss having the change in your pocket, it adds up quickly.

Use the “no change” rule. That means that you don’t spend any change at all. Instead, you save it. Even if something costs $6.07, you pay $7.00 and pocket the $0.93, which will be added to your collection.

It sounds like so little, but if you and your partner both do this, you’ll end up with about $20 a week, or $80 a month. If you stick to it, you’ll have saved enough for a down payment on a home before you know it. And since some of our home loan programs allow you to buy a home with as little as $500 down, you’ll be ready in just a few months.

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