Saving up for a deposit is harder than ever these days, with house prices standing at six times the average salary. This article provides top tips for making saving up towards this as easy and painless as possible. Tips include scouring bank statements to find various ways of which monthly spending can be reduced, and paying an amount each month into a savings account.

Key Takeaways:

• Saving for a house deposit is hard, so guidance will be needed for most.
• Scouring bank statements and cutting out all unnecessary spending is a good start.
• Placing a certain amount each month into a savings account is also good practice.

“Be flexible and consider all options that may reduce the sum required to buy, particularly while house prices continue to rise well above wage inflation.”

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