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Saving to Buy a New Home? All in a Plan.

Congratulations – you are about to reach a new milestone: the purchase of a new home!

Making the decision to buy a new house is not a simple task. It takes careful deliberation and planning. And the biggest thing you’ll plan is your savings strategy.

Let the savings process be stress-free. With the right plan, you’ll stay on track and build your funds quickly and easily.

Here’s how:

  • Set up a budget: What is the maximum amount you want to spend on your new home? Once you land on a number, you’ll be able to calculate how much you need to start putting aside.
  • Detail your monthly living expenses: Budgeting really is a numbers game. How can you allocate more to your home budget? This is where you want to focus on enhancing.
  • Don’t stop living: We tend to think we have to sacrifice our lives when saving for a big ticket item. That includes eliminating all forms of entertainment. Wrong! Our great city has so much to offer at incredible prices– check out everything Ottawa has to offer. Pick up the daily newspaper or just ask your friends.
  • Monthly budget review: It is important to keep track of how you’re doing. Review your budget at the end of every month. You’ll be able to track how much you’ve saved – and you’ll feel proud because it is hard work and you are committed.

We hope our tips will help you – if you have any questions on how you can enhance your future-home purchase savings, call or email us at any time. It is our pleasure to help you.

 

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