Saving for a Home… But Life Happens!

Saving for a Home… But Life Happens!

Saving for your first home is tough enough—then boom! 🚗💨 Your car dies, an unexpected bill pops up, or you need to travel for unforeseen reasons. It happens. Here’s how to stay on track:

💡 1. Don’t Panic – A setback isn’t the end of your homeownership journey. Adjust, don’t abandon!

💡 2. Rework Your Budget – Cut back on non-essentials for a few months to rebuild your savings faster.

💡 3. Keep Your KiwiSaver Intact – It’s tempting, but resist the urge to reduce those long-term savings contributions.

💡 4. Explore Extra Income – A side hustle, selling unused items, or extra shifts can help refill the gap.

💡 5. Loan vs. Savings? – Before draining your hard-earned deposit, talk to your mortgage adviser (hi, that’s me! 👋). We can determine if taking a small loan is a smarter move than emptying your savings, or if you’re best to bite the bullet and pay cash for the unexpected expense.

💡 6. Review Your Timeline – A short delay doesn’t mean you’re off track—it just means adjusting your game plan.

Not sure what to do next with those unforeseen expenses? Contact me here and let’s chat to figure out the best move for your situation!

Jenna x