10 Smart Ways To Save Money (And Get Closer To Buying A Home)

If you’re dreaming of homeownership but feeling the pressure of rising prices, mortgage rates, and everyday expenses—you’re not alone. The good news? Saving for a home doesn’t mean overhauling your entire life. With a few smart strategies, you can cut costs, grow your savings, and get mortgage-ready faster than you think.

1. Set Up a Dedicated Home Savings Account

Open a high-yield savings account just for your down payment, closing costs, and homebuying expenses. Automate transfers after each payday to build savings without lifting a finger.

2. Track Every Dollar (Just for 30 Days)

Most people don’t have a spending problem—they have a tracking problem. Use an app like Mint or YNAB to see exactly where your money goes. You’ll quickly spot where you can redirect cash toward your future home.

3. Cut the “Quiet” Subscriptions

Streaming, food delivery, unused gym memberships—canceling just a few could boost your home savings fund by $50–$200/month.

4. Use the 24-Hour Rule for All Non-Essentials

Before buying anything over $50, wait 24 hours. Chances are, you won’t even miss it—and that money can go straight into your down payment fund.

5. Cook More at Home, Even Just 2 Extra Meals a Week

Eating out less doesn’t mean eating boring. Prep ahead on Sundays and save $200+ monthly. Bonus: home-cooked meals are a great habit to carry into homeownership.

6. Negotiate Bills & Interest Rates

Call your internet, car insurance, or credit card companies. Ask for better rates or discounts. Those savings can be redirected into your home fund.

7. Use Credit Cards for Rewards—Responsibly

If you pay off your balance in full monthly, consider a cashback or travel rewards card. Some even offer intro bonuses that can cover part of your closing costs or moving expenses.

8. Sell What You Don’t Use

Furniture, electronics, tools, clothing—turn clutter into cash. A few Facebook Marketplace or Poshmark sales could fund your appraisal or home inspection.

9. Follow the $1-Per-Use Rule

If you’re buying something new, ask: Will I use this at least as many times as the dollars it costs? That $100 pair of shoes you’ll wear 3 times? Maybe not today.

10. Know the Exact Number You Need

Speak with a mortgage advisor to get a personalized breakdown: down payment, closing costs, prepaids, and reserves. Once you know your number, the goal becomes real—and reachable.

🔑 Pro Tip from the Experts at Vantage Mortgage Brokers:

We help first-time buyers structure low-down-payment options and discover programs that reduce upfront costs. You don’t need 20% down—just the right strategy.

Bottom line: Saving money doesn’t mean putting your life on pause. It means being intentional so that when the right home comes along—you’re ready to make it yours.

Need help creating a custom savings plan or pre-qualification? Contact Us Today.