Tuesday, February 23, 2010

What's the best way to save money to buy a beach house?

Do a budget and stick with it. I know it sounds corny but it works.What's the best way to save money to buy a beach house?
Save 10% of your paycheck and in no time you will have the down payment.What's the best way to save money to buy a beach house?
I can advice you if you have at least $25,000.00
You need to pay yourself first, meaning put the first 10% of your gross into a savings vehicle of some kind (I like US Treasury Direct.com). Also you will need to keep a budget that records all of your income and your expeditures. It will take time, but it's worth it.
throw out your wallet (i'm not kidding it works for me) just put your money under your mattress or on top of the TV or in a jar
Don't spend it! But really, the best way to save is to figure out logically how much you can save without feeling a strain on your budget. Sit down and average out what you spend a month, then take the remainder and put it in a savings account and swear not to touch it! A good thing to do is start off just saving 10% of your net income a month.

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