After years of saving or receiving an inheritance, we may find a significant sum of money and have no idea what to do with it. Unfortunately, many savers make one of two standard errors. Because I haven’t come up with a better purpose for it, I will spend it all or part of it.
Place the Entire Sum in a Risk-Free Regulated Passbook at the Bank
The first error is believing there is no better way to spend your money. Unfortunately, this vision sacrifices the “me” of tomorrow for the “me” of today, when there are many long-term projects to fund for one’s future: achieving financial independence as soon as possible, completing one’s future retirement, acquiring real estate for your primary residence or rental income, or even paying for your children’s studies or assisting them in obtaining their first property, and so on.
In the second case, the mistake is placing your money on an investment with a meager return (less than 0.5 %/year) while inflation (the general rise in prices) increases yearly from 1% to 2 %. In other words, your money loses value over time. Remember, $100 today may be worth more than $98 tomorrow.
So, how should you spend your money wisely? It’s a matter of investing your money in ways that pay off. And there’s no need to accomplish extraordinary results: a slight increase in return will significantly impact in the long run. While capital gains may appear small at first, over time, the difference in heritage will become increasingly important, indicating the value of investing your money.
Trusted Places Where You May Put Your Money and Get Healthy Cashback in the Form of Profit
Sublease
A sublease is a real estate transaction in which a property is leased for the benefit of another person. Subleasing is a viable choice for singles who do not have the financial means to purchase an investment unit—recommended in resort locations or large cities with frequent excursions and high demand for daily rental apartments.
Subletting does not pose a risk of property damage because the harm is the responsibility of the home’s owner (of course, if this does not contradict the contract). However, because you must constantly hunt for tenants, it is inconvenient to produce cash. In addition, the sublet must receive approval from the apartment’s owner.
Commercial real estate
Commercial real estate is more profitable than private real estate. A large office and an apartment cost nearly identically, but the profit will be higher. Selecting the appropriate object in a busy, highly established area is critical. Real estate on the lower levels of a new residential building, set up as a shop or beauty salon, is widespread. Although this investment guarantees a consistent monthly income from rent, profitability may suffer during a downturn.
Small business
Is it true that a good idea is the key to success? Certainly, but this isn’t the only stipulation. Good management and marketing are critical. Small business dividends cannot be considered passive because they require significant work and money to develop.
How do you come up with an excellent idea? If you choose to conduct your business offline, consider what items and services are missing in your area and develop a unique selling proposal.
Online projects
The information business – the sale of knowledge and skills – is booming. Nowadays, many people prefer to start a business online rather than provide actual services. You can generate traffic and sell advertising by creating an information portal or a website with a specific topic on social networks, accounts, and public work in the same way. The payback risks of online ventures rely on the activity chosen and the amount of money invested.
During the pandemic, when schools were shut down for quarantine, it became evident that online learning via Skype and Zoom was the way of the future. At these locations, educators taught a wide range of subjects.
Books from the bank
Livret A, LDD, Super Livrets, and so on. These monetary aids make next to nothing, but they are risk-free and accessible at any moment.
Euro funds
available through life insurance, these assets are managed by insurers and provide better returns than bank accounts.
Corporate securities
Equities markets provide the best returns, averaging 8% on average; nonetheless, they are hazardous and can go up or down. Rather than buying a few securities, we advocate investing in a stock basket (ETFs are perfect for this: find out more with our guide on how ETFs and trackers work).
Cryptocurrency
Is the stock market a formidable foe? Cryptocurrency. The impact of virtual currency volatility is twofold: on the one hand, the profit potential is limitless, but on the other hand, the risk is real. Investing in cryptocurrency thus necessitates a high level of stress tolerance and the ability to purchase and sell currencies at any time.
Retirement savings plan (PER)
A Retirement Savings Plan (PER) is an investment that allows you to save for retirement. You can put in as much money as you like, but withdrawals are prohibited until you retire.
Guaranteed income supplement (SRG)
The Guaranteed Income Supplement (SRG) is a tax-free income exclusively available to persons who already receive an Old Age Security pension. It’s a social benefit for low-income Quebecers; it’s determined based on your income and marital status and linked to inflation four times a year to keep up with the cost of living.
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.
In today’s world, everyone is urged to start their own business. According to Julien Fussar, starting a business is a fantastic experience that allows you to push yourself to new heights, achieve your goals, and prosper. Julien Fussar, on the other hand, cautions us that not everyone succeeds. Willingness and determination are essential, but specific pointers are also to follow.
Does it concern me?
When you’re annoyed with someone, you’re prone to personalizing what they said or didn’t say and taking it personally. I understand that the opinions of folks you’ve never loved but always valued are as precious to you as water in the desert. However, this is purely optional.
Keep in mind that it’s not always about you.
Should I concentrate on what I have or don’t have?
Perhaps some people don’t offer you the love you desire because they never receive the desired affection. Maybe they’re giving it their all. They may exert control over you or offer words of encouragement to express love. Does that make sense?
Perhaps the messages of praise and encouragement they get are a waste of time. Words are less effective than actions. You’ve probably heard this phrase before. They choose behaviors to show you love based on their lexicon of love expressions, not yours. As a result, don’t expect them to live by your rules.
What does love oneself entail?
You must begin a spiritual journey to discover unconditional love to expand your love experience. Love is a decision, and if you’ve never had the pleasure of experiencing it, it’s because you’ve never chosen it. Love has the power to bring people together and heal them. It is possible to love someone without expecting anything in return. That’s when the word “liberty” comes into play.
I want my parents to be recognized right now for loving me; they are valued. It’s more like barter or a business transaction than love.
When will I begin to love myself?
Unconditional self-love removes the anxiety of not being good enough for oneself. Be the best in all you do. Even if you don’t think you’re doing your best, you’ll put out your best effort if you like attaining your objectives.
I’d want to issue you a challenge. Imagine it a night, and you’re somewhere outside the city, enjoying the excellent blackness of the night for the next 21 days. It’s so black that you can’t see each other. Make a list of three things you admire about yourself in this calm and pleasant environment.
Will it help me get closer to the life I want?
My passion and heart are mine. I’m sure you are as well. Questioning my achievements is a betrayal of my life’s passion. It is self-destructive. Why are you so eager to show people that you are deserving of love and affection? Others are individuals who yearned for your attention and love when you were younger but never received it.
Why? It is a difficult question to answer. We spend much too much time figuring out why it doesn’t matter, and few people wonder why.
What motivates me?
You will never be free if you rely on others to justify your accomplishments. You’ll never be able to make art and follow your dreams. Anyone can easily lead you astray.
The next time you doubt your success, think about why you’re in this industry, this relationship, and this career.
Am I looking for something that I won’t be able to find?
Wasting your life and wallowing in unhappiness because you didn’t receive the love and attention your parents deserved, or even seeing other children, leaves you sad and depressed. You create impediments by focusing on what you can’t have.
Do I work for a living, or do I work for myself?
When I coach and counsel individuals, I confidently state that you cannot force them to view things your way. Accept that you can’t control or even affect other people’s conduct by telling them they shouldn’t do something. Each of us has our reality, and each one is valid. We’ve all been through emotional trauma at some point in our lives. On the other hand, some people choose not to allow this wound to stop them from achieving their goals in life, while others scratch at the crust and never let it go.
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.
There are many ways to plan a career. The problem is knowing where to start. Are you a school student seeking to decide which field to choose, or have got admitted to college and want to pursue the most earning career in it or the easiest? Or you are in the mood to change your field through some expertise you must make in different job experiences. Knowing where you are and moving is essential; this blog will help you decide how to go through the long, arduous process.
Are you finding it challenging to locate a job that matches your personality and interests? Take a quiz to find out which job might be right for you. Begin at the beginning – with yourself.
We all want to find an excellent job by picking the proper profession. “Find a job you adore, and you’ll never have to work ever again in your life,” as the saying goes. It enlightens something that most of us aspire to. It also puts a lot of pressure on those trying to figure out what they desire to do with their lives. Is it feasible to find a career that you enjoy enough that it no longer feels like employment?
Is it Possible to Find a Good Job by Choosing the Right Career?
Most of us will probably have days when we do not want to work. Regardless of how much effort we spend looking for a decent job and selecting the correct career. There will be days when you feel forced to do that task even if you are not compensated. The trick is to pick a job with many lovely days above those that aren’t so wonderful.
With all these occupations to select from, there are several things to keep in mind to maximize your possibilities of finding a rewarding job. Find a job that fits your interests, aptitude, personality, attributes, and values. It’s also crucial that you enjoy your work tasks, that your wage is fair, that your job prospects are promising, and that the corporate culture is appropriate. By picking the correct career here, you may find more advice on finding a decent job.
Get to Know Yourself
First, you should learn as much as possible about yourself by spending some time doing a self-assessment. Only when you have a greater understanding of yourself can you successfully explore careers based on what you come up with?
Learn more About Different Professions and Careers
After completing a self-assessment, some occupations you discover may be ideal for you, while others may be entirely inappropriate. Another list of alternative occupations and jobs that may suit you based on numerous variables, such as personality, is sometimes included in the findings of a self-assessment. However, picking the right career or finding suitable employment is only the beginning.
Many Different Criteria Must Agree
Certain occupations may appear to be a good fit based on your personality, hobbies, and values, but they may be incompatible in other ways. The tasks may be unappealing to you, or the work market’s prospects may be bleak. It’s also possible that the requisite training will take more time and effort than you’re willing to devote.
Investigate Several Career Opportunities
Assure you’re making an informed selection by thoroughly researching each career option. Read position descriptions for various occupations carefully and attempt to get over any preconceived preconceptions you may have. If you do not have professional experience before beginning your review, you will have more to learn until you can obtain a promising career.
Find Out if You Meet the Requirements
Again, if you’re interested in specific vocations after researching them, the following stage is determining the training requirements. Suppose you need an academic education to grow in your career but cannot obtain one. Then, you should probably avoid that profession. Make sure your resume’s standards are met.
Examine the Prospects for Jobs in the Future
When you don’t investigate what a given career offers regarding job possibilities, you’re doing yourself a disservice. Whether the competition is considered modest or high, where it takes place, it’s not fun to devote time to studying for a vocation and career to discover that competition is fierce and that unemployment inside the profession is significant. Decide right away!
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.
Balancing our two primary areas of life, job and personal, can lead to schedule and role conflicts. You must, however, strike a balance between them, or you risk losing some of your physical and mental wellness. Nadia Gagné, a psychologist specializing in education, has vast experience working with parents struggling with parenthood. She recognizes that juggling work and personal life is challenging for her and her family.
Relax and unwind
It’s essential to carve out time for your favorite pastimes during the workday. Refrain from spending the entire day on a chair. Take some time to appreciate the sunshine and fresh air by going outside. You’re ready to go back to work with renewed vigor. If you can’t go outside because of the weather, stretch to counteract the effects of prolonged sitting. There is a plethora of free and subscription-based workout and yoga videos available. It is beneficial to engage in any exercise that keeps you moving.
Save the hyperlinks
Communication and companionship are more crucial than ever in this age of physical separation and isolation. Do you recall lunch talks with coworkers at the coffee machine or restaurant dinners? To catch up, smile at your coworkers and relieve the pressure, wave to them occasionally. Also, keep in touch with your family and friends frequently. Consider your loved ones, which you may have isolated because of the pandemic.
Make an ergonomics investment
It’s crazy for your body to sit for hours without warming up, especially if your home office is not isn’t ergonomic. Consider getting a standing or seated desk and an office chair. You will avoid backache, discomfort, eye strain, and even a trip to the chiropractor. If you don’t need to spend money, there are several low-cost alternatives, such as using a sturdy ironing board as a table.
After the scheduled business day, there is a buffer period
Switching from work to relaxation mode is accessible after a long day. Do exciting things like test new dishes to make it simpler to stay out of trouble. YouYou’ll able to kill two birds with one stone: your meal will be served in no time! Take up a pastime like puzzle-solving or needlepoint if cooking isn’t a thing. The goal is to spend a few minutes doing something you enjoy before getting into an evening habit, such as listening to a podcast on the walk home.
Make a video of your daily commute
Are you sick of taking excursions home to relax and unwind after a long day? Try strolling around your area every morning and evening to repeat this haircut. Before you leave for work, think about your goals for the day and then clear your mind in the evening. Another option is to substitute self-care for daily commuting. It is the best physical and mental wellness you can have!
Turn off the computer and open the zip file
Disconnect from the network and log out of the computer at the end of the day. You may assist yourself in establishing pauses between work and free time by turning off notifications on your computer or phone. You’ll be less likely to check work emails late at night or begin your next project. Instead, make use of your leisure time to unwind and recharge. If you do it this way, you’ll be energized and ready to take on your project the next day.
Keep expectations in check
Set realistic goals for how much you can accomplish in a day. Ensure that your loved ones respect the boundaries of your “ice” d”ring during the workday so that your two worlds are divided. Let your family know when you’re working on a critical assignment, and limit distractions.
Select a mode
Making a routine for yourself can assist you in regaining control of your life. Make a schedule that is both appropriate for your situation and flexible. If you have children or pets or are caring for aging parents, don’t be concerned if things don’t go as planned. There will always be unforeseen circumstances that may cause your timetable to be disrupted, so don’t be too hard on yourself.
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.
Super Tips to Save for Your Down Payment on a House
To save for down payment on a house, you need a clear target number, realistic timeline, and intentional savings system that includes a dedicated account, automated deposits, expense cuts, extra income, and smart use of assistance programs. When you approach your down payment like a project—backed by data, a budget, and accountability—you turn a vague dream into a specific monthly savings plan you can actually hit.
As the founder of Complete Controller, I’ve coached thousands of households and business owners on cash flow habits for over 20 years. I’ve seen people on very average incomes save five-figure down payments in two to four years—not because they were lucky, but because they treated the goal like a non-negotiable bill and leveraged every financial tool available to them. In this article, I’ll show you the exact strategies I recommend to clients when we’re building a down payment roadmap that works in the real world, not just on a spreadsheet. You’ll discover how to calculate your true savings target, build an automated system that runs itself, cut expenses strategically, boost income through multiple channels, and tap into the 2,624 assistance programs now available nationwide.
How do you save for a down payment on a house, and get it right?
Set a target price and down payment amount, build a budget and timeline, then automate savings into a dedicated, higher-yield account and boost progress with expense cuts, extra income, and assistance programs.
Start by calculating how much house you can afford, what percent you truly need to put down (often 3–10%, not 20%), and how long you want to give yourself to reach that number.
Use a line-item budget, separate savings account, and automated transfers so your down payment contribution happens before lifestyle spending, not after.
Accelerate your fund with raises, bonuses, windfalls, side income, and by refinancing or paying down high-interest debt to free up cash.
Research local and national down payment assistance, grants, and first-time buyer programs so you’re not trying to save more than you actually need.
Understanding How Much You Really Need to Save for a Down Payment
Before you can optimize tactics, you need to know your number and your options.
How much house can you afford?
Your total monthly housing budget includes mortgage principal and interest, property taxes, homeowner’s insurance, HOA dues, and basic maintenance. This payment needs to align with your broader financial life—emergency fund, retirement contributions, debt payoff—your target payment should coexist with these, not crowd them out.
What percentage do you actually need to put down?
Typical down payment ranges vary by loan type:
Conventional loans: as low as 3% down
FHA loans: around 3.5% down
Some VA/USDA loans: 0% down for eligible borrowers
While 20% down avoids PMI and lowers your payment, tying up too much cash can leave you underfunded for emergencies and repairs. Private mortgage insurance costs have dropped to about 0.4% of the loan amount annually, making 5–10% down often the smarter trade-off.
How long will it take to save?
According to Realtor.com analysis, the typical American household now needs about seven years to save for down payment, down from 12 years in 2022. Your timeline depends on your location—from less than two years in affordable military towns to over 36 years in expensive coastal cities. Back into your monthly savings target by dividing your down payment goal by months to target. If the monthly number feels unrealistic, adjust one of three levers: home price, percentage down, or timeframe.
Build a Down Payment Savings System That Runs on Autopilot
This section covers the backbone of your plan: where the money lives and how it gets there.
Choose the right account for your down payment fund
High-yield savings and money market accounts earn significantly more interest than traditional savings while keeping funds liquid and safe. Current rates hover between 3.90% to 4.20% APY—roughly 10 times higher than traditional bank accounts. For longer timelines of 2–5 years, short-term CDs or CD ladders lock a portion of funds for higher rates while maintaining staged access.
Automate your savings so willpower isn’t required
Pay your future house first, not last. Set a fixed transfer on payday from checking to your down payment account. Where possible, split direct deposit—ask your employer to send a percentage of each paycheck directly into the house fund, so you never see it in spendable cash.
Track progress with simple, motivating metrics
Break a $30,000 goal into $5,000 mini-goals and celebrate small wins to stay engaged over multiple years. Monitor your savings rate, not just balance—keep an eye on the percent of income going to the down payment. Nudging that up by even 2–3% can knock months off your timeline.
Everyday Spending Tweaks That Supercharge Your Ability to Save for Down Payment
Most advice stops at “cut lattes.” This section translates expense cuts into real, measurable savings.
Audit and trim your fixed bills first
Shop around for car, renter’s, and health insurance, plus cell and streaming services. Renegotiating or switching providers can free hundreds per year. List all recurring charges and cut what you don’t use at least monthly—redirect those dollars directly to the house account.
Redesign discretionary spending with clear rules
Set monthly caps for dining out, travel, and entertainment. Move the difference into savings when you come in under budget. Create lifestyle swaps with visible payoff—cooking at home 3 extra nights weekly might free $150/month. Track that as “House Money” in your budget so you see the connection.
Use structured savings challenges and “no-spend” sprints
Challenges that make saving feel like a game include:
52-week savings challenge
Weekend no-spend challenges
“No new clothes for 90 days”
Sweep all avoided spending into savings. Tie challenges to specific short-term milestones—”This 30-day eating-out freeze will get us to $10,000 even.”
A down payment is easier with a plan. Complete Controller can help you build one.
Make More, Save Faster: Income and Windfall Strategies
When expenses are lean, new income often moves the needle fastest. First-time buyers increasingly rely on multiple funding sources—59% personal savings, 26% from financial assets, and 22% from gifts or loans from family and friends. In 2025, 30% of Gen Z homeowners reported taking extra jobs to fund their down payment.
Turn windfalls into down payment accelerators
Direct 80–100% of extra money to your house fund—tax refunds, bonuses, gifts, and inheritances can meaningfully shorten your timeline. Pre-decide your rule: “We send 90% of every windfall straight to the down payment, keep 10% for fun.”
Use side income intentionally, not casually
Freelance projects, gig work, or monetizing a hobby—earmark all side-hustle profit for the down payment so you don’t inflate baseline lifestyle. Decluttering sales of furniture, electronics, and clothing can add a quick few hundred to a few thousand dollars to your fund.
Optimize your main job income
Negotiate raises and promotions with a purpose. Tie at least half of any raise to increased savings instead of higher spending—set a new automated contribution the same month your raise hits. If you consistently get large tax refunds, dial in withholding and route the extra monthly cash to savings instead of waiting for next year’s lump sum.
Where Many Buyers Leave Money on the Table: Programs That Help
Most guides underplay assistance. As of Q3 2025, there are 2,624 down payment assistance programs available nationwide—the highest number ever recorded. The average benefit is $18,000.
Down payment assistance, grants, and special programs
Many government and nonprofit programs offer grants, forgivable loans, or low-interest loans specifically for first-time or lower-income buyers. Income limits, purchase price caps, location requirements, and homebuyer education courses are common criteria—plan ahead so your financial profile fits.
Employer and community benefits you might be missing
Employer-sponsored homebuyer benefits: Some employers partner with lenders or housing agencies to offer down payment help, closing cost credits, or education programs.
Credit union and community bank offerings: Membership-based institutions sometimes layer their own grants on top of government assistance for members in specific professions or regions.
Integrating assistance into your savings math
If assistance covers $10,000 of a $40,000 down payment, your cash goal drops to $30,000—freeing resources for closing costs or reserves. Some programs have limited annual funding or specific enrollment windows—build these dates into your plan so you’re ready when they open.
Case Study & Lender Insight: Turning a “Someday” Down Payment into Reality
One buyer profiled by The Mortgage Reports reached a down payment goal in 18 months using multiple strategies. They cut discretionary spending by $300/month, negotiated a modest raise freeing up $200/month, redirected a $5,000 tax refund, and qualified for $12,000 in local assistance. By layering these tactics over 18 months, the buyer accumulated a $25,000 down payment and closed within budget. The key was flexibility—adjusting neighborhood expectations and settling on a slightly older home freed up budget room for higher contributions.
What mortgage pros say about “trial-run” savings
A senior mortgage executive recommends deciding what total monthly housing cost you’re comfortable with (mortgage, taxes, insurance, HOA), then paying that amount into savings every month before you buy. This rapidly grows your down payment fund, pressure-tests whether your planned payment really fits your lifestyle, and exposes budget strain before you sign a 30-year contract.
Debt, Credit, and Risk: Smart Ways to Save Without Sabotaging Finances
This balance is often missing from typical advice.
Tackle high-interest debt to free up cash
Paying down high-interest balances improves your debt-to-income ratio and frees room in your budget for savings. Focus extra payments on high-rate debt while maintaining a base level of down payment savings so you don’t stall progress entirely.
Protect your emergency fund while you save
Keep at least 3–6 months of essentials in a separate emergency account so one surprise expense doesn’t derail your plan. Down payment, emergency fund, and short-term goals should live in different buckets with clearly defined minimums.
Risk-aware investing for near-term homebuyers
When your horizon is under five years, market volatility can work against you—capital preservation typically matters more than chasing high returns. If your timeline is longer and your risk tolerance is high, you might place a portion of funds in conservative investments—never money you can’t afford to see fluctuate.
Final Thoughts: Your Down Payment is a System, Not a Fantasy
Saving for a down payment is less about heroic discipline and more about building a system: clear numbers, realistic timelines, dedicated accounts, automation, strategic expense cuts, extra income, and smart use of assistance. When those pieces are in place, progress becomes predictable instead of hopeful.
As someone who’s spent decades helping people align their money with their goals, I can tell you the biggest shift isn’t mathematical—it’s mental. The day you start treating your down payment like a non-negotiable bill and track every dollar “found” in your budget as a step toward your future front door, the process stops feeling impossible and starts feeling inevitable. If you want expert help turning these strategies into a tailored plan, visit Complete Controller to connect with a team that lives and breathes disciplined, goal-driven money management.
Frequently Asked Questions About save for down payment
How much should I save for a down payment on a house?
The amount depends on your target home price, loan type, and comfort level, but most buyers put down 3–20% of the purchase price. You may also need extra savings for closing costs and initial repairs.
Is it really necessary to put 20% down on a house?
No; many conventional loans allow down payments as low as 3%, and FHA loans start around 3.5%. Putting 20% down helps avoid PMI and lowers your payment, but a smaller down payment can be better if it keeps your emergency fund intact or gets you into a home sooner.
Where should I keep my savings for a down payment?
Most experts recommend high-yield savings or money market accounts so your money earns more interest while staying safe and accessible. For longer timelines, you can also use short-term CDs or a CD ladder for a portion of your funds.
How long does it take to save for a down payment?
Timelines vary widely—often 2–7 years, depending on income, expenses, home prices, and savings rate. Calculate your goal amount, divide by how much you can save each month, and use automation, expense cuts, and extra income to shorten the timeline where possible.
Are there programs that can help me with a down payment?
Yes. Many state and local governments, lenders, and nonprofits offer down payment assistance, grants, and forgivable loans, especially for first-time buyers. Check with your local housing authority, HUD-approved counselors, and participating lenders to see what you qualify for.
Sources
American Bankers Association. (2024). “6 Tips for Saving for Your Down Payment.” ABA Consumer Resources. https://www.aba.com/
Ally Bank. (2023). “10 Ways to Save for a Down Payment.” Ally Stories: Home. https://www.ally.com/
NerdWallet. (2024). “How to Save for a House: A Step‑by‑Step Guide.” NerdWallet Mortgages. https://www.nerdwallet.com/
Rate.com. (2024). “How to Prepare Your Finances to Buy a House in 2026.” Guaranteed Rate Mortgage Resources. https://www.rate.com/
San Diego Housing Commission. (2024). “Savings Strategies: How to Boost Your Down Payment Fund for Your First Home.” SDHC News Blog. https://www.sdhc.org/
Success Credit Union. (2023). “How to Save for a Down Payment on a Home.” Success Credit Union Blog. https://www.successcu.org/
The Mortgage Reports. (2026). “How Much Should You Put Down on a House?” The Mortgage Reports. https://themortgagereports.com/
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.
Jennifer BrazerFounder/CEO
Jennifer is the author of From Cubicle to Cloud and Founder/CEO of Complete Controller, a pioneering financial services firm that helps entrepreneurs break free of traditional constraints and scale their businesses to new heights.
Brittany McMillen is a seasoned Marketing Manager with a sharp eye for strategy and storytelling. With a background in digital marketing, brand development, and customer engagement, she brings a results-driven mindset to every project. Brittany specializes in crafting compelling content and optimizing user experiences that convert. When she’s not reviewing content, she’s exploring the latest marketing trends or championing small business success.
Even those who work in the insurance industry – but perhaps not just with travel insurance – can get questions about travel protection. It may, therefore, be worthwhile to refresh the memory. So, reviewing your travel protection can be especially relevant if you are considering traveling abroad during the holidays.
What is Travel Insurance?
Having the right insurance is a security that allows you to feel calm on your journey. The insurance contains elements that cover costs for assistance if you must be hospitalized, buy medication, or have an accident abroad. Other travel insurance parts can be easily included as a supplement. You may have the opportunity to receive compensation for delays, lost luggage, and the like. Travel insurance is also available as a supplement to your home insurance and is valid for up to 45 days. We go through the necessary steps on this page and present all credible information that may be useful to you.
Basic Protection
The primary cover in the most common travel insurance covers medical expenses in an acute illness or accident. In addition, assault protection, legal protection, liability protection (if you become liable for damages), home transport, and specific protection for your luggage and flight delays are included.
A supplement to the travel insurance usually covers cancellation protection, reimbursement of travel days during hospital stays, and possibly a new trip if more than half the trip is ruined due to a hospital stay. In addition, it may be worthwhile to find out if a supplement, for example, for a golf trip, covers the cost of renting other golf equipment if your golf equipment should disappear on the trip.
It is worth adding that there are other possibilities to receive compensation, such as cancellation protection. Many today book their trips with Visa or MasterCard. These card issuers often have a cancellation policy that applies up to a certain amount just by using the cards.
Extended Travel Insurance
We have previously mentioned this and want to clarify it again; it includes travel insurance via your home insurance. However, there may be several reasons why separate and extended travel insurance is required. Therefore, we will clarify which different scenarios are common and which need a little extra protection.
Travel Insurance after 45 Days
If you are out on a more extended trip for longer than 45 days, it can be good to double-check what protection you have. Usually, your regular insurance ends after 45 days (even sometimes 60 days).
Risky Activities
If you plan to carry out risky activities on your trip, there may be several reasons to take out separate travel insurance. Examples of risky activities can be rock climbing, dangerous countries, or off-piste.
Cheap Travel Insurance
Being away on the road can be scary, cumbersome, and sometimes even dangerous. Choosing cheap travel insurance risks getting poor protection that will not help you in any situation abroad. And maybe even worse, you risk being left without compensation for things that are lost.
On the other hand, we understand the importance of getting travel insurance at the right price, which can be very smart. It’s all about finding an alternative that reflects your needs and possibilities. You do not have to pay for the protection you will not use anyway. If you want to get away as cheaply as possible, we recommend you compare all options and request a price.
Various Parts that are included in a Travel Insurance
Multiple things are included if your travel insurance is taken out via a credit card, as a supplement, or in your regular insurance. Below, you will find each aspect for which you can get compensation more accurately if it is included in your travel insurance.
Property Protection
If you damage your personal property, you can receive compensation for this. This step can also cover damage, such as getting rid of your luggage.
Cancellation Protection
If you become acutely ill before you travel, you can receive compensation from your insurance company for the part of the costs that the travel company does not reimburse you for. You usually need to show a medical certificate to get your money back.
Reduced Deductible
If you take out travel insurance on the side of your regular home insurance, they often have extended protection that often includes less or no deductible. You usually do not have to pay a penny yourself with this supplement, no matter what happens.
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.
It is unquestionably an investment with significant profit potential. Taking lessons and gaining new talents can help you increase your profits. With the appropriate plan, your $100 can become much more.
Buy individual stocks
You can’t purchase many stocks for $100, but investing in one good stock may make you money. You can reduce trading expenses by using a bargain broker like Ally. Ally provides research tools to assist you in selecting the correct stock. Rather than exchange-traded funds (ETFs), individual equities can help you outperform the market. At Ally Invest, you may begin investing with no minimum deposit.
Automate with Robo consultants
When you have $100 to invest, the last thing you need is high brokerage costs. Stocks and bonds are frequently excluded from this calculation. Betterment, a robotic adviser, is a better option. Robo Consultants provides online digital investing services.
Invest in short-term assets
CDs are a fantastic alternative if you want a constant return on your money. You may receive a quick turnaround for a higher APY in as little as six months or wait up to 5 years for a higher APY.
Debentures
Debentures are debt securities issued by private companies. Therefore, they are fixed-income alternatives, with their profitability logic known at the investment time. It is common for companies listed on the stock exchange to offer these securities to investors.
Start your own business
Starting your own company might be one of the most rewarding experiences you will ever have. The higher the corporate ladder you go, the more money you make and the more power you have. You can’t get much better than having your own company.
Start a blog
I would start this blog if there were anything in my life that could be described as a Game-Changing Game. With the stuff I upload, I’ve not only changed millions of people’s lives, but I’ve also made some significant additional cash.
Selic treasure
The Treasury Selic is one of the most well-known investments for individuals looking to get out of debt or establish an emergency fund. It’s a post-fixed yield option that tracks the economy’s primary interest rate, the Selic rate.
FII
A variable income option is the Real Estate Investment Fund (FII). It indicates that the profitability rationale of this investment cannot be predicted ahead of time. As a result, it may be more suited to people with a more moderate or bold profile.
Shares on the fractional market
You become a partner or shareholder in a corporation by purchasing shares on the stock exchange. As a result, as the firm grows, you will be able to earn money. It is quite likely the most well-known variable income option for investors.
COE
The structured operations certificate (COE) is a financial product that combines the features of variable and fixed income. It’s made up of structured transactions that financial institutions provide as investments.
CBD
Banks offer Bank Deposit Certificates (CDBs) to raise funding for their activities and initiatives. The bond is a fixed-income investment that also serves as a loan for the bank.
ETF
An Exchange-Traded Vehicle (ETF) is an investment fund, often known as an index fund. It comprises several assets and is designed to track or mimic a hypothetical portfolio of a particular financial market index.
Shares (standard batch)
As you can see, shares are the smallest amount of a company’s share capital, and publicly traded corporations issue them. They can, however, be of several sorts, such as standard and favored.
In bonds
You may invest in a corporation or the government in this way, but you’ll be loaning them money that they’ll eventually repay you with interest.
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.
Salary negotiations should not be based on emotions. It’s not personal; it’s business. It would help if you did not let your unhappiness build up for an extended period before bursting into the boss and dumping everything on him.
When drafting local acts, the sequence is frequently discussed independently. They are required to account for the unique aspects of work in each business. During the drafting of the document, the following actions are permitted:
The creation of the printed document.
The document was written by hand.
In any case, you must use an A4-sized standard sheet. It is not a good idea to utilize a particular company’s letterhead. Make a note of the overall compilation structure, which should look something like this:
Begin at the upper right corner. It is required to include the compiler’s name and position.
Then, go to the document’s name. It is situated in the center.
Then comes the meat of the story. The applicant must first describe the current situation in detail before proceeding to the requestor’s application.
The information concerning applications is one of the last sections of the booklet. If there is no information about them in the central part, each document must be fully described. When there are a lot of them, numbering becomes necessary.
This is the last section. At the bottom, put the date the memo was written. They also provide the compiler’s job title and full name. Make a transcript of the signature and the signature itself.
It is critical to begin discussing a wage raise at the appropriate moment. This should be when the company’s sales growth and the executives are happy.
It would help if you persuaded the employer that a wage raise would benefit you and the firm. Most managers believe it is possible to raise compensation for employees who have contributed to its growth and prosperity through hard work.
Consequently, you must document your accomplishments for the employer. List all your contributions to the company or employer, highlighting recent achievements.
Work with numbers and facts; words are nothing more than “water.” Persuade your manager that you are undervalued.
In every aspect of our lives, we live in a market economy. When you hunt for a job, you are looking for more than simply a means of subsistence; you also provide a serviceto the employer. Intelligence, like labor power, is a commodity you must sell at a greater price.
He makes a profit by using your knowledge, expertise, and abilities in his interests. You must have a thorough understanding of how labor market professionals at your level are evaluated. Take the time to conduct your homework by comparing pay offers from different businesses and the need for professionals. Systematize your virtues and concepts, which will aid in self-affirmation. You must maintain a calm, courteous, and dignified demeanor. If you want a raise, make a strong argument for it. Please, for indulgence, however flattering, will not produce the desired consequence.
After you’ve detailed your qualifications, announce the amount of the wage rise and decide when you’d like to start receiving it. Prepare a commercial presentation that highlights your capabilities. The talk should evoke the boss’s emotions. So, you put a stop to the boss’s intention to “put everything on the brakes.”
If you were unable to agree on a wage rise, now is the time to evaluate your abilities. Perhaps you need more training or education. If the tips on how to ask for a raise don’t work, consider your options.
There are times when you are genuinely undervalued, and working in such a firm is pointless. If you are confident in your skills, experience, and expertise but your potential is undervalued, you should consider looking for a new job.
Perhaps they will provide better working conditions and remuneration, as well as the prospect of future advancement.
Features of Compiling a Document
Petitions and memoranda are documents that aid in the organization of internal communication inside a company. It could include a remark, a proposition, or a request in such documents. Employees and supervisors in comparable positions, for example. They do not, however, wear an official uniform. In GOSTs, there are just guidelines for filling.
One of the procedures used by the company for transferring memos to employers is:
We donate to the personnel department.
Through the Human Resources department.
By way of the receptionist.
During a one-on-one conversation.
Many businesses prefer electronic document management. You can then apply online. Once corrected, the note must be registered. This is done under the rules in place at a specific company.
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.
The charm in the new beginnings, especially when a person consciously commits to themselves to change their life, is the most significant and decisive step toward a better life. However, one fundamental factor that has surpassed every element in our lives is ‘money.’ To put it simply, we are disturbed and anxious. But don’t worry; this article will work for a financial advisor and a therapist because managing personal finances relates to learning a few motivational tips and is interrelated to how we are evolutionarily wired to treat money (our psychology of finances).
Before starting, I want to ask how you perceive the word ‘resolution.’ How encouraging does it sound to you? And why do you look forward to creating a difference in life every year by writing new resolutions? Let me point out that we sometimes proceed with an action without knowing its purpose. The purpose and the true meaning behind the word ‘resolution‘ are to ‘make a firm decision to do or not to do any action, the quality of being determined or resolute, or the action of solving a problem.’ If we take out the bullet point, it is determined to solve our problems. Here, we will focus on creating financial resolutions that instill courage, commitment, and self-discipline. You cannot change the condition of your life if you don’t change your state and are not willing to do it. No matter how many resolutions you may have made, it won’t be beneficial if you are not committed to it. So, let’s commence by promising ourselves a financially independent future.
Jot Down the Financial Goals you are Aiming for this Year
It’s time to know what you want from life
Why do you want to create wealth? For what reason? Is it because you want to buy your dream house and repay the mortgage? Pay off your debts? Afford a luxurious lifestyle? Give your children a good education. Or provide your family with a beautiful life? Maybe you don’t want your children to go through the poverty you have experienced, or are you tired of living paycheck to paycheck? Do you want to create substantial investment income to retire early? Or build a society and give back to the community?
Whatever the rationale, no matter how insignificant, selfless, selfish, or trivial your aim may be, knowing it and being honest about what influences you is essential. The focal point is that you must have a ‘goal’ that you aim to achieve. Therefore, it is imperative to gravitate to the intensity and understand what motivates you. This inculcates a sense of responsibility in our minds and pushes us more towards our aim. Furthermore, how long will it take to accomplish your financial goal? For clarity, write down your plan with a time limit on the right side of the paper.
Do You Want it to be Easy?
Financial success is often avoided because it usually smells like hard work
From professional insight and approaches from millionaires and billionaires, success takes time and effort. Studies have confirmed that wealthy people have a strong work ethic. Princeton’s Professor of Sociology, Dalton Conley, discovered that those with higher incomes work more hours than those with lower incomes. However, you shouldn’t copy them and lose work-life balance to become wealthy. Still, the notion behind this strategy is that if you work 80 hours a week compared to a typical person’s 40 hours a week, you can attain what others take a year to accomplish in six months.
However, this strategy requires clear priorities and goals. As we mentioned, you cannot change your state if you are willing to, so commitment is necessary here!
Creating a Budget Assists you in Knowing Where your Money is Coming and Going
Spoiler: keeping track of your spending can be a bit demanding, but it is genuinely fruitful. You may never see a list of your payments collected on a debit card or direct debit. Still, maintaining a household budget leads you to the path of financial enlightenment.
Ignoring your monthly spending can result in financial crises and a dark future. This year, initiate a compelling and honest budget plan.
Clear off Unproductive Debts
Debt has the potential to twist even the happiest person. Suppose you are drowning between paying off the debt and meeting your ends. In that case, it’s a big time to decipher between productive and unproductive debts. Now, what are productive and unproductive debts?
Productive debt is helpful—the borrowings you took out to invest in a property or fund your business. This kind of debt provides you with rental and dividend income. Furthermore, it produces sufficient income flows to cover the interest charged on initial borrowings.
Unproductive debt- this debt can cripple you with its high fees and interest payments if not managed effectively.
Make Room for Giving, and You will Receive it Unexpectedly
You won’t carry your health with you; hence, give it to others. Research has shown that satisfaction and well-being while donating small sums improve to the same degree as if you have provided more significant amounts to people who donate small amounts. Develop a broad mindset. Generosity comes back in the most unexpected ways. This year, help those around you.
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.
Buying less popular brands instead of well-known brands can save you a lot of money. Take the time to study the ingredients of an expensive yogurt or body milk and compare it to an unadvertised alternative.
Use bank cards as little as possible
Many people are used to paying for purchases with cards because they are more hygienic and secure, and you don’t have to carry a wallet with you. It is much easier for a person to part with invisible numbers than with authentic pieces of paper. However, numerous studies show that the constant use of bank cards is fraught with the risk of losing control over one’s expenses.
Buy only what you need
Often, buyers make purchases only because there is a promotion for the product. It is tough to overcome the temptation of a personal discount sent by the seller directly after receiving a salary. However, it is worth considering that a coupon is not a reason to buy. Buy only what you need, and only when ready for it.
Replace store-bought beauty products with homemade ones
All advertising refers to the naturalness of the ingredients used in cosmetic products. Therefore, customers without a twinge of conscience give half of their salary for cosmetics. But why spend money on processed natural beauty products when the web is full of easy skin and hair care recipes?
Try shopping together
Many stores offer the scheme 1 + 1 = 3. If you take two things, the third one goes to you for free. It would help if you did not buy second pants to get a discount. Most likely, the same buyer walks around the store, looking for someone to dock with and get benefits.
A Car
Try to solve the problem yourself
Purchasing a personal vehicle is only the beginning of a long journey of further maintenance. The first breakdown comes, and the money you saved goes right to the service desk cashier. However, many malfunctions do not require the hands of a level 85 specialist.
House
Spare no money on expensive equipment
A large percentage of utility bills are related to heating and electricity. Winter comes, and everyone starts turning on the heaters. Summer comes, and everyone clicks the air conditioners. Remember: the miser pays twice. We saved on cheap windows and electrical appliances of a low energy-saving class – your money will run away from you hour after hour.
Pay attention to the energy efficiency class of electrical appliances when buying.
Do not spare money for expensive equipment. These costs will quickly pay off.
Reuse containers
Many people remember how Soviet homemakers dried packages for reuse. Don’t let that seem like overkill. The identical plastic boxes for sushi or cake cost little, and they can come in handy in many situations in the future.
Food
Eat Before Going to the Store
It would help if you did not go to the supermarket even when half-starved. In this case, your brain becomes greedy for unreasonable reserve purchases. Don’t wander around the store because of idleness: you will put something extra in the basket.
Don’t buy from perishable products
Many of us buy more of those pears sold at half price on sale. Of course, fruit is a must, but don’t take on more than you can consume. Already tomorrow, a perishable product can appear unsightly and become disgusting in taste.
Get rid of the habit of buying energy drinks
Try to get acquainted with the composition of energy drinks. There is nothing secret and supernatural in it. So, you will save your body from getting used to a harmful drink and save a lot. Take some time and find natural energy drink recipes on the internet.
Habits
Reduce the number of in-app purchases
Avid gamers are undermining their budget by spending a lot of money on in-game purchases. Let’s look back and remember that the $5 heroic sword from the old game that everyone forgot about was not worth the money. And how many things, pumping accelerators and bonuses, have you collected over the years of passion for matches? It’s scary to count.
Skip laundry service
Some people prefer to do laundry in Laundromats instead of bothering with this troublesome task at home. It’s not that hard to throw your laundry in the washing machine and then hang it on the balcony. Others, on the contrary, also buy drying chambers for the washing machine. Both options result in a loss of funds.
Become more collected
Phones, chargers, and wallets require the same attention to themselves. They should be worn and stored in a specific place or pocket. Pat, your clothes before leaving, make sure everything is in place and calmly go on your way.
Don’t create a size-less wardrobe
When you see anyone wearing a new shirt or dress, do you catch yourself in meditation that you also want to buy something? It is pretty easy to deal with this, following a simple rule: buy a new one – throw out the old one. If you have three pairs of pants in your wardrobe, put the old ones in the trash before purchasing new ones. Limiting the amount you have makes it easier to refuse new acquisitions.
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.
