12 ways to save for a new home while renting

How does a renter turn home ownership from a mere pipe dream to the  American dream? Follow some of these helpful pointers to get started.

Dive into your debt

High-interest credit card debt can keep you stuck in a cycle of payments and no way to save money for a down payment.

Having a roommate or two (or three or four) is a proactive way to save  money; split two or three ways, you could easily save thousands of  dollars a year by rooming with other people.

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Get a roommate

Reduce spending on utilities

Simply reduce your energy usage. Shut lights and appliances off when not in use, opt for energy efficient light bulbs and take shorter showers.

You could subscribe to a streaming service and pay in one year what you’d shell out for one month of cable.

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Cut back on cable


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