How can I effectively save to buy a home?

buy home
LG asked:


As a recent college grad, I am starting to think long-term about my future investments. One of my top priorities is buying a home.

Since I have time on my side, what are some good ways I can effectively save on a regular basis in order to have a nice down payment when I’m ready to buy?

Remember, I am just out of college so I don’t have too much money to spread around, but I really want to get started. Thanks for the help.

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2 Comments

  1. Jim
    Posted October 12, 2008 at 5:44 pm | Permalink

    You have to save money. It doesn’t take much now to help greatly later. If you don’t have much of a income you can stash $20.00 a pay period in you sock drawer. In a year put it in a savings account like a Christmas Fund. If you put too much away you will have to dip into it. Don’t let anyone know you have enough to solve a small problem or you will spend it.

  2. angel1183
    Posted October 14, 2008 at 10:57 am | Permalink

    The check it pay period since it pay period since it pay period since it will be as tempted to spend it on something else.