Secrets to Saving Money

Everyone knows that large investments, like buying a home, requires some savings to cover closing costs, down payments, and other expenses. However, with today's low down payment loan options, the actual amount of savings required for a new home purchase may be much lower than you think.

Now that we’ve entered 2016, you might be finding new ways to put away more earnings. If saving money is your New Year’s resolution, here are a few secrets that can help you fatten your wallet more quickly and buy the home you love:

Create a plan.
One of the best ways to save money is to have a financial plan to avoid unnecessary expenses. This includes having a schedule for payments and managing costs. Make a note of what your monthly budget is and how you plan to spend it. And don’t forget to always keep an eye on your credit as well as your investments.

Establish a “no spending day”.
It’s easy to lose track of how much you spend on a daily basis - lunch, groceries, transportation, and more. So challenge yourself by choosing one day a week to keep your wallet in your pocket and have a “no spending day”. Be sure to mark your calendar and keep this day consistent!

Start a monthly budget.
Setting a budget for yourself can lead you one step closer to your goal of investing in a home. To be successful in creating a budget, be sure to define your priorities in regards to spending. Set aside at least 10 percent of your savings and use the remaining towards food, clothing, and other necessities.

Have you been saving money and are ready to buy your first home? Why not check out the luxurious townhomes at Copper Square? We are in the heart of a growing community that includes urban convenience and New England charm. While you’re in the area, be sure to check out some of the area’s hottest spots!

Our Models, Design Studio & Sales Center are now open. Call today at (203)778-4800 or visit our website for more information.

10 Copper Square Drive, Bethel, CT 06801
(Off RT. 6, Stony Hill Road.)
For GPS location use 48 Stony Hill Road