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Let’s Make Money!

By Kimberly Shane

Lets make money blog.jpgLet’s make money!

How can anyone expect you to save money for a down payment when you are paying rent and all your other expenses?! It seems impossible! Well instead of giving up and becoming an eternal renter let’s take a look at how one might achieve this amazing feat! 

First, set a goal. Talk to one of our loan officers to see how much you can get pre-qualified for and then make it a goal to save at least 3% of that amount! This will give you an end game and something to keep you motivated towards saving. Then look over the list below and choose a few that you could do:

Do you have some clothes sitting in your closet that are not being worn? Of course, you could sell them to a consignment shop but better than that, there are all kinds of online consignment options now… poshmark, thredup and even facebook groups. As you make money from these items, stash it into your savings!

The same with equipment and tools. Do you use all your camping equipment or does it just sit in storage? Do you really need that treadmill or is it mostly used to hang clothes from?

Can you offer services for money? Maybe let your neighbor’s kid hang out at your place while they wait for their parent to get home. $50.00 a week in your pocket is going to save your neighbor those crazy high after school care costs and this gets you closer to your goal!

We have some more tips from a blog post awhile back: http://blog.smcapproved.com/down-payment-savings-tips

Want to know more about our loan programs? Find an office near you, and talk to a mortgage banker today. 

 

Tags: Finances, financial