How We Saved $165,000 to Buy Our First House!!

There are a few hacks that I'm sharing about how we achieved $165,000 saved for a down payment, plus the REAL accounts that I use to help me get there!

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Disclosure: Links contain affiliates. When you buy through one of my links, I will receive a commission. This is at no cost to you and helps support my channel!

[callmeishmaelk]

The lifesaver here is hubby makes a good living. 😂

[strawmary]

We’re in Colorado Springs (in the Stetson Hills area), moved here also from L.A., and were so lucky to purchase in 2017 before the prices rose. Our house is now worth over 1.5x the price at which we purchased. But your $ will go so much further here than in Southern California! Wishing you the best of luck in your future plans, and our town would be lucky to have you!

[moreanimals]

Thank you for making this video. I have had so many things get in the way of trying to save for a home and just recently decided to put my entire wedding fund in a CD (but haven't yet) with the intention of rolling it over into another and another because I don't know what else to do. Also, SO SO SO HAPPY FOR YOU!!!!

[AshleySurvillion]

Congratulations!! This is a huge step for you and your family. We recently, last year, moved to Colorado Springs and purchased our first home. It was a huge accomplishment, but we did learn A LOT! Colorado is great for raising families, we live more towards the Briargate, northern Springs area. In hindsight, we wished we would have purchased a new home, and/or walked through our home ourselves. Being military, we had our realtor walk through for us via video. I do not advise. I don't want to clog your feed with unsolicited advice, but I am definitely open if you have any questions!! I am very excited for you guys :)

[thomaschew]

The main thing is getting out of debt, maintaining a budget that works, saving some money and living below your means. We have our mortgage paid off and have reduced our expenses almost to the bone. We have resisted selling off items we have that could get us some money but now I think we are ready and will sell off some stuff that will allow us to pay for one of our home improvement projects outside of our budget savings.

[GroovyChic]

Awesome work. I'm trying to do that as well.

[dusq]

Thank you for sharing your experience. I’m also trying to save for our first house.

[robertmorris]

That is a really Awesome Milestone! 🎉 it took me several years to save $40, 000. Congratulations!!

[loveandjoy]

Am I the only one who thinks $165, 000 IS a house? A whole house mortgage free? 🤷🏽‍♀️😂

[baboodjet]

Hey Justine 😊 Well, I live in France so it might be a little bit different but all in all we are following the same path as you saving as much as we can for a downpaiement; we started last august on a 45K€ goal (~ $50K) in 2 years with an annual household income of 65K€. In France you need a minimum of 10% of the price of the house as a down paiement and we are aiming for a 400K€ house maybe a bit more if possible! I agree it's taking a lot a work and rigor but it's sooo worth it and I can't wait to find the house of our dreams! We are currently sitting at 16K€ since August so for now we are doing well i think. I just hope we can keep it up for as long as we need to without any major hiccup on our way. I'm so excited for you to finally find your dream house and settle in a new countryside life 😊 thx for all your advice;even though we don't live in the same country most of the principles still apply! Xoxo

[HeyitsMarioDiaz]

Thank you for sharing! Congrats on hitting this milestone! I’m saving too but as you pointed out in the video, inflation has bit into my ability to save even more. But it’s alright, I’m still hitting my own goals too! Thanks for the motivation!

[kyndqxs]

Man you guys put up some serious cash! You just killed my analysis paralysis I was so doubting about investing my savings but the bonds is such a good idea $100k is the mountain of a goal

[dipodhelper]

Great video, two questions, what is both of your ages and how long have you been married?

[khdr]

I love you videos. They are good for generation below and above millennial, and always wonder if you would expand by changing your name.

[fxdnny]

The vanguard settlement account is paying almost 5% right now

[Steve_Takes]

The Patience is more impressive than the total in todays instant gratification world. Saves for 6 years? Many people can't save for 6 months!

[AaronHope_Sow]

Once each of our kids roll out of daycare and into Public school, we’re planning to save the equivalent of that daycare payment into high-yield savings account, brokerage accounts, and 529(s). In the meantime, direct deposit splits right into savings keeps things simple.

[minas.]

I love the name of your channel it’s refreshing to see millennials with a debt free slogan and it helps me stay on track saving money

[violetagira]

I thought you had a Capital One 360 Performance Savings account as well. Am I mistaking?

[callmeishmaelk]

Existing binds crash as interest rates go up.