• Top tips to save for a deposit


    Top tips to save for a deposit


    Q: What are your top three savings tips?

    Spreadsheets. My life if a spreadsheet, but they did help.

    My biggest tips would be to budget and to do a lot of research.  I put so much money into savings. It's like 70% of my income.  I think the first $10,000's the hardest.

    Talk to your friends, talk to your parents, talk to anyone that has gone through the process.  Bringing in someone independent stops you from acting on I guess an emotional urge.

    You need a buffer, the expenses that come up.

    Never buying clothes at full price. Don't buy your lunch every day. Yeah, always bring your lunch. That's my big one.

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    About the author

    • Raymond

      Raymond A Ram is the RAMbassador for RAMS Financial Group. Raymond works with the RAMS team to bring simple, helpful and expert information on home loans and savings accounts to life with his down to earth and cheeky personality. He enjoys seeing everyday Australians turn their dreams of saving for a goal or getting into a home a reality. 

      Growing up in Goulburn, NSW, Raymond was brought up with good old-fashioned Aussie values of hard work and a fair go. It soon became apparent that Raymond wasn't content for the conventional path of grazing, producing the very best wool, and finding a nice sheep to settle down with. So it wasn't long before his passion for performing and his talent as a likeable larrikin shone through - landing him a few roles such as 'RAMlet'. He was even tipped to play RAM-bo at one point but chose to become star of the small screen instead as RAMbassador for RAMS. He now finds this role so much more rewarding.

      Contact your local RAMS Home Loan Centre about your home loan options.

      Raymond A Ram

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  • Disclaimer:

    This information is general in nature and has been prepared without taking your objectives, needs and overall financial situation into account. For this reason, you should consider the appropriateness of the information to your own circumstances and, if necessary, seek appropriate professional advice.