1. Create a budget and stick to it.
  2. Reduce unnecessary expenses such as eating out or subscription services.
  3. Increase your income by taking on a side job or asking for a raise.
  4. Save windfalls such as tax refunds or bonuses.
  5. Use a high-yield savings account to earn interest on your savings.
  6. Consider a low-interest personal loan or borrowing from family and friends.
  7. Sell items you no longer need or use.
  8. Cut back on housing costs by downsizing or renting a cheaper place.
  9. Look for government assistance programs for first-time homebuyers.
  10. Be patient and continue to save consistently.


Buying a Home May Make More Sense Than Renting 

Buying a Home May Make More Sense Than Renting [INFOGRAPHIC] | MyKCM

Some Highlights

  • If you're in the process of making a decision between renting or buying your first home, there are several factors that you should take into account.
  • Owning a single family home can provide an escape from the pattern of increasing rents, contribute to the growth of your assets, and act as a safeguard against inflation.
  • If you're prepared to enjoy the advantages that come with owning a home, let's get in touch and discuss the possibilities.