One of the most difficult steps to buying a house is saving for the down payment. People go to extreme lengths to save every penny they earn. Some like to cut back on their luxury groceries, the occasional cup of vanilla Frappuccino, and even their monthly subscriptions. That’s dedication, we tell ya!
If you are lucky, one of your friends or family members might give you a gift fund in the form of a down payment. Otherwise, you will have to get in line like mere mortals and find out different ways to save some money for your dream house.
You don’t need to scrimp on food and necessities to make this happen! Following are five unique ways to save your Orlando real estate:
1. Make Your Car a Billboard
You can get $50 to $500 by either pasting a banner on the back of your car or completely wrapping it to make it a running advertisement. Visit FreeCarMedia to find out more about this lucrative offer.
2. Sell Your Pictures
Do you like to take those Hallmark pictures that look absolutely perfect? If you are a photographer or simple have an eye for symmetry, then you can sell your pictures to Shutterstock. Simply follow the guidelines of uploading your pictures and get paid whenever someone downloads your pictures.
3. Sell Your Clothes
Have any fancy clothes that you bought for a gala and have only worn once? We know that you don’t want to part with them but they are just gathering dust hanging in the closet. There are plenty of websites where you can sell your preloved clothes. Start with eBay, Craig’s List, and Amazon and then make your way to apparel and accessories websites.
4. Implement a “No Spend” Month
Once a month lay down the rule that you won’t be spending even a penny. Make your coffee at home and take it in a travel mug, make some lunch boxes and keep a few snacks in your drawer, try to limit your electricity use by spending your time in just one room, use public transport. Simply think of all the things that you can let go of in that month and then structure your routine accordingly.
5. Pay With Cash
Don’t use your credit card unless it’s an emergency. When you pay with your credit card, you are charged with a small interest rate. You will probably end up in debt if the balance is not paid on time. Before the month starts, calculate your expenses and then take out a certain amount from your account. This way, you will think before you spend.
And that’s how you save some extra cash for your down payment. You can have dozens of side jobs from filling out surveys for money to giving paid reviews etc. So now you know that your salary is not the only money that will help you collect for your down payment.