Preparing to Buy While Renting



If you want to be a homeowner, now is the time to start planning. Set your home ownership goals, focus on your credit, sacrifice for the bigger picture by cutting back on daily non-essentials, and for goodness sake start saving!


Create a budget and stick to it.


Know how much income you bring in each month.

Know how much money you spend each month.

Make adjustments to your spending to ensure you end the month with a surplus.


Create a savings plan.


Know how much you need to save.

Stash your refund.

Read this post 5 Ways to Save for a New Home While Renting and this one 5 More Ways to Save Money While Renting for ways to save.


Build and maintain good credit.


Open a free or low-fee checking account.

Apply for 1 to 2 credit cards and use them responsibly.

Check your credit score regularly to monitor your credit.


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This has been a quick tip by LandlordBreakup.com, the website for smart renters. If you're a renter who is curious about how you can turn your rent payment into a mortgage payment, check out our home buying course and home ownership plan for renters. Check out the course.


#BuyingvsRenting #homebuyer #firsttimehomebuyer #homebuyerscourse

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