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Tips for saving up a home deposit

By James Brown

One of the hardest parts of buying Caboolture real estate is the initial saving of a deposit. After all, chances are you've never had to put aside such a large sum of money before – and reaching the elusive 20 per cent of a property's value can be daunting. 

However, it is possible to reach this goal through a little bit of frugality and dedication to the cause. Here are some saving tips to help you achieve your property goals as soon as possible. 

Stop buying coffee

The biggest obstacle to saving is small amounts of spending that build up over time. For example, buying a coffee on the way to work every day is easy to justify – it's only a couple of dollars here and there. But adding up all you've spent over a week shows just how much these small splashes are costing you in the long run. 

Put a hold on your pay television subscription

If you're regularly paying a monthly subscription for a premium television service, it could be worth putting this on the backburner for a while in order to focus all your extra cash onto your property deposit goals. 

While this may seem unfathomable at the moment, imagine how great it will be to be able to settle into somewhere you can call your own home. Start saving today to make these goals a reality. 

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