10 Wild Ways to Save for a Home

I was recently emailed by Movoto about an infographic they had put together on ways to save for a home purchase. I’ll give my thoughts on their 10 reasons below.

Ways to Save for a Home

1. Don’t Have Kids

This is a legitimate option, as kids tend to cost a LOT of money to raise. We actually think that children are a real blessing (just an unwelcome blessing at this stage in our lives), so this is one area where the Cash Cow Couple stays silent. To each their own…

2. Freeze Your Credit Card

I just wrote about the many reasons to use credit cards, so I can’t see any reason to freeze them if you are going to go through the trouble of applying! Of course, my one disclaimer was that you shouldn’t bother with credit cards at all if you can’t pay the monthly balance in full. Carrying a balance on a credit card is financial suicide.

3. Don’t Have Pets

Ah, we couldn’t agree more. Recall my previous post on affording a dog. I will say that pets can be excellent companions and entirely lovable, but that doesn’t mean that I personally think they are worth the cost or the trouble. Your mileage may vary.

4. Get Roommates

This is an excellent idea and one that we’ve championed before. If you are single, it’s a no brainer. Even if you are married, it could still possibly work out. We considered the option but felt that our mobile home was just a bit too small for another person.

5. Move In With Your Parents

Depending on the situation, we like it. We’ve already written about living at home during college and still feel like that is a really intelligent decision. Avoiding debt or high payments that stretch your cash flow needs to be a priority.

6. Downsize Your Living Situation

This suggestion sounds eerily similar to mine on a minimalist house for maximum freedom. Having a big home and a big mortgage can really ruin your ability to achieve financial freedom. Homes have historically only appreciated at the rate of inflation, so you aren’t really making an investment when you choose to buy a house that is far larger than your needs.

7. Brew Your Own Coffee

About 83 percent of American drink coffee, so the chances are high that most people reading this post love java. But how much is that worth to you? People who like to frequent Starbucks and other overpriced havens spend more than $1,000 per year on coffee! That’s insane. Why not just make it at home??

8. Cut Your Cable

I personally think it’s insane to still own cable TV, but my parents and many other friends choose to keep the trend going. There are many good alternatives to a $75/month cable bill. I detailed many in my article on watching TV online for free.

9. Write It All Down

If you want to save money, you need to know where your money is going. Does that require a budget? Maybe not, as I detailed in a previous post on the mindset behind budgeting.

10. Brown Bag It


10 Ways to Save for a Home


The next time your cubicle mate asks you to grab a bite to eat, say no. On average, Americans spend almost a grand per year eating out for lunch. Instead of getting an overpriced burger down the street, learn how to shop for groceries, cook your own food and bring it for lunch. You’ll save a fortune in the long run.

Do you have any other ideas to save money when saving for a new home? Leave a comment and share!

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