Houses in Prince George can be expensive As a 20-something, the idea of homeownership in Prince George might seem impossible. But, it can be done. And Denise can help you make that dream come true.
Create a plan
Your 20s are a time to have fun and cut loose a little (especially after graduating) but it’s also the decade to start a plan for your major purchases and paying down debt. It’s called financial self-efficacy or, as described by The Cut, a person who “identifies as having the discipline to make good decisions with money.” That means deciding what you want to do and buy in the next five to ten years, whether it’s travelling, paying down debt or buying a home. Put your goals down on paper (or in your favourite tech gadget) and create a timeline with benchmark goals. That way, you can see and cross out those goals.
Delay gratification
Who doesn’t want to splurge on cool things when they get their first job? After years of eating ramen or $5 pizza deals, going out for a meal once a week or taking trips can become habit-forming. When you’re buying a home, those splurges have to take a back seat to the goal of putting money away. Look at it this way, once you’ve bought a home, your financial self-efficacy will be so good, you know you can have a nice meal or two and not worry about your bank account. Denise can help you find a place a little out of town like Beaverley to find you the home of your dreams. Take your time and let Denise Dykes find you the proper home.
Cut costs
This is an obvious but very important point. Saving for that down payment means cutting as many costs as you can without sucking out all the joys of life. That might mean living with your parents a bit longer (do treat your parents and their home with respect; it’s their home, not yours!), meal planning and saving any extra money you may get from promotions, tax returns or side jobs.
Compound that interest
Compound interest is a great tool to leverage when you’re saving for a home. A proper mortgage broker can help you make the right choice.
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