Q: What are some unique ways to save for a down payment to buy a new house or condo?
A: The tired Nike phrase, “Just Do It,” comes to mind because – apart from creatively hiding your cash in a red-velvet sack placed inside a Ziploc bag submerged in your grandmother’s toilet tank – you don’t need a unique way to save.
You might find inspiration from the blogger J. Money (dubbed “the Miley Cyrus of finance”). Here’s the link to a great pictorial guide to squirreling away your hard-earned dollars:
Although: You may first want to read Mr. Money’s thoughts on whether or not it makes sense to buy a home in the first place:
Then: Think twice about how large your down payment needs to be. Size does matter and you might be someone for whom a low-money-down loan makes sense. See this NYT article:
Finally: I can offer a relatively unique way to relate to money and savings. Check out Bari Tessler Linden, who says, “money is the final frontier of a conscious lifestyle.” Her website:.
Bon chance! (And if you’re thinking of buying in San Francisco, reach out to me!)