How to Save a House Deposit Whilst Also Paying Rent
Financial Autonomy
English - November 08, 2023 00:00 - 8 minutes - 19.5 MB - ★★★★★ - 3 ratingsSelf-Improvement Education Business Investing business entrepreneur finance marketing entrepreneurship health leadership interview money entrepreneurs Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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Owning your own home is the goal for most of us. The security that comes with owning the roof over your head is a massive stress relief. It’s also almost certainly a good financial move in the long run, as you accumulate wealth through the combination of capital appreciation in the value of your home, and progressively paying down the debt.
The challenge typically though, is getting on that first rung of the ladder. Often there isn’t a huge difference between mortgage repayments and rental payments, so cash flow wise, the move to home ownership is doable. The barrier however is the deposit.