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Savings Strategies for First Time Home Buyers - tips and tricks - how to save for your down payment.

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  If   homeownership   is on your goal sheet for your future, you’re probably working on your savings. A big priority is ensuring you have a plan in place for things like  closing costs ,   down payment , and more. Here are a few strategies that can help speed up that process. Budget and Track Your Expenses:  To start, create a detailed budget that tracks the money you’ve got coming in and the money going out. This will give you a better look at your finances as a whole. Cut Down on Unnecessary Spending : Now that you have your budget sheet done and you know how you’re spending  your money , look for any line items that aren’t absolutely essential. If you cut down on those, you can re-allocate that cash toward  buying a home . Even the little things can add up. As the  National Association of Realtors  (NAR)  says : “The majority of first-time buyers did make financial sacrifices to purchase a home. For those who did, the most common sacrifices buyers reported were cutting spending on