We’re Having Trouble Saving for a home - Any Suggestions?

March 7, 2008 by Josie Kay · Leave a Comment 

Piggy Bank
Q. My wife & I are finding it very difficult to save for a deposit on a new home. Any suggestions?

Josie’s Answer - This is a very daunting task considering that most new borrowers need to save approximately 10% of the home value in order to get into their first home.

You should you think about opening a high interest savings account (see Rate City) and have a portion for your salary (at least 10-20%) automatically transferred into this account each month. Read more

Filed Under: Home Ownership
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Who is Josie Kay?


Josie Kay

Hi, my name is Josie Kay, and with nearly two decades of helping people, I guess you could say I've become an expert on the subject of personal finance.


No doubt, you have heard my straightforward, no nonsense, passionate approach to managing money on the very successful Australia wide weekly radio show ‘Money Matters’. Remember my motto 'Watch out...everyone is after your money so learn to outsmart them!’


Read more about me & this site here


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