Boise

The Nationwide Leader in
Local Property Management

Call For A Free Quote...
(208) 287-8222

  • Home
  • About
  • Property Management
    • Residential Management
    • Multifamily Management
  • HOA
    • HOA Management Info
    • Request Repair / Maintenance
    • Make HOA Payment
  • Rentals
  • Testimonials
  • Owners
    • Make a Payment
    • Become a Client
    • Sell Your Rental
  • Tenants
    • Make Rent Payment
    • Request Repair/Maintenance
    • Submit Rental Application
    • View Available Rentals
  • Investors
  • FAQ
  • Contact
  • Blog
Blog Building Savings While Renting
Thursday, 25 September 2014 10:34

Building Savings While Renting

  • font size decrease font size decrease font size increase font size increase font size
  • Print
  • Bookmark and Share

building savings while rentingEffectively building savings while renting can be a difficult but important task, especially for young people who are interested in purchasing a home in the future. While many may feel daunted at the prospect, the truth is that it can be very easy to save your money for the long term by keeping a few simple tips and tricks in mind. Consider some of the following things that you can do to build up your savings as you rent with the goal of having enough to purchase your own home.

Many people will try to save after they spend, but one of the most basic and important tips to remember is to always spend after you save. Start with a budget so you know how much you can set aside monthly. Then set amount that amount of money every month, being sure ahead of time that you have enough to pay for the necessities, including the rent, utilities, if they're not included in your rent, and groceries etc. One great way is to set up an automatic transfer with your online banking to your savings for the day that you get paid. By automatically putting aside a set amount of money every pay day, you will not be tempted to spend it, and setting it aside in a place that you will not touch will ensure that you build up your savings slowly and steadily over time. In fact you'll be surprised how fast it can add up.

Another important way to save money is to cut down on your expenses for things that you do not need. Try to limit how often you eat out and see what difference it can make in your monthly budget. Similarly, it can be a good idea to do your research and see if there is a cheaper alternative available of a more expensive item that you may have had your eye on. Stay on the lookout for discounts and deals that can help you save in any facet of your life, and watch as the savings begin to build up.

Putting the money that you save up into an interest bearing savings account can help you further secure your savings. Speak with your bank and see what interest rates are available, and choose an account that can help you save with the long term in mind. Some employers, local governments, and nonprofits offer matched-savings programs that create an additional incentive to begin saving and allow you to build those funds up even faster. As your finances continue to grow, you will be able to realize your goals of being financially stable and able to purchase your own home.

Read 1613 times
Tweet
Published in Our Blog
NAMPA

NAMPA

Latest from NAMPA

  • Managing Your First Multifamily Property
  • Solutions to 3 Problems All New Property Managers Face
  • Benefits of Using a Property Management Company - Boise, Idaho
  • 5 Reasons To Hire A Boise Property Management Company
  • Tax Advantages For Landlords In 2015
More in this category: « Rental Property Market In Boise, Idaho Making Money In The Rental Market »
back to top

Things You Can Do...

  • Read Our Testimonials
  • Pay Rent Online
  • View Available Rentals
  • Read Frequently Asked Questions
  • Sign Up For Property Management

Why Real Property Management?

Like Our Facebook Page...

Blog Categories

  • Company News (2)
  • Promotions (0)
  • Property Management in Boise News (1)
  • Property Management Industry News (2)

Tag Cloud

Property Management
narpmequalhousing Real Property Management Nampa BBB Business Review realtor-logo

Boise Office

120 S. Cole Rd.
Boise, ID 83709

Phone: (208) 287-8222
Fax: (208) 287-2555

Legal Disclaimer

Each Real Property Management business is independently owned and operated.

Areas Covered

Ada County: Including the following Cities: Boise, Meridian, Eagle, Star, Kuna, Garden City

Click here for Nampa Property Management for Canyon County locations: Nampa, Caldwell, Middleton, Melba, Notus
Surrounding Cities: Emmett, Parma, Homedale, Wilder, Payette, Weiser, Fruitland

© 2014 Real Property Boise - Sitemap
Boise Website Design & Property Management Website Design by OpenPotion
Scroll To Top