In the beginning we had a very simple idea. Make the finest cold cuts possible. Nothing less.We still insist on the same unwavering commitment to those standards we established long ago, standards mostly abandoned in a mass-produced world.
So don't blame your poor savings on your income. Don't wait for your income to rise. Just start saving, and save every month. In Ordinary People, Extraordinary Wealth, I revealed that five thousand ordinary Americans became wealthy simply by saving small amounts of money on a regular basis. You'll find four ways that you can easily create savings in chapter 49 of The Truth About Money.
Itâs also a good idea to spend extra time saving up. A solid down payment (at least 5%, and ideally 20%) will make your mortgage payment much more manageable. This article from US News explains how a larger down payment can save you a ton of money in the long run. Itâs also essential to have an emergency fund and a little extra for random repairs and the move.