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Buffetts financial advice is surprisingly down-to-earth and perfect for renters trying to save their way into a home.
This simple flip in mindset could be your ticket to homeownership.
Instead of hoping theres money left at the end of the month, make saving your priority.
Cut Those Unnecessary Expenses
Love your daily coffee shop visits?
You might need to rethink some habits.
The key is finding a balance between saving and living well.
Try tracking every dollar you spend for a month.
Those savings could be going toward your future home instead!
Sometimes the simplest choices can lead to the biggest savings.
Consider a more modest rental while youre saving.
That difference in rent could become your down payment fund faster than you think.
But for near-term needs like a house down payment, a high-yield savings account might be your best bet.
But I pay cash 98% of the time.
Because consumer debt can eat away at your savings faster than you could build them.
If youre serious about saving for a house, keep those credit cards in check.
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