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What are the best ways to save money for a down payment on a house?
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1. Start saving early and set up an automatic deposit from your paycheck into a savings account or investment vehicle.
2. Look for specials and discounts on homeownership products such as insurance, closing costs, and mortgage loans.
3. Consider taking advantage of tax benefits like the Homebuyer's Tax Credit.
4. Research grants and other financial aid options available in your area.
5. Consider selling items you no longer need or want to raise extra funds.
6. Take advantage of employer-matched retirement accounts if they offer them.