Saving for a mortgage deposit is a long, drawn-out process which takes the average person many years to achieve. But getting a foot on the property ladder is so worth it, and if you save smart and work hard, you can make your dream of owning your own home a possibility. If you want the security and achievement of owning your very own home, here just a few of the ways, you can boost your savings and reach your target as quickly as possible.

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Put Your Money Into a High-Interest Savings Account

You want the money you save to be working as hard as possible for you, and one way to do that is putting it into a high-interest savings account. It will earn you a little extra cash for no hassle or effort from you over the years that you’re saving. Different banks will have lots of different accounts and deals so be sure to shop around and choose the very best deal.

Earn Extra Money

One way to quickly increase your savings towards a deposit is to earn more money. This could mean taking on an extra shift at work for a few months or agreeing to do some overtime. You could consider taking on a temporary part-time evening job, or you could do some work from home. There are lots of freelancing sites out there which allow you to work from the comfort of your own home, flexible hours and means you can control your own workflow. Any money saved could be added straight to your savings account for your deposit. Being able to earn extra money when needed is always useful if you fall on harder times when you’ve bought your house it can stop you from falling behind and being unable to pay your mortgage. Mortgage insurance is useful for this too, check out a mortgage insurance guide and work out if this is something you’re likely to need. No one can predict things like lost jobs or redundancy unfortunately so a backup plan is always useful.

Sell Things You Don’t Need

The average home can have hundreds, sometimes even thousands of items you no longer need or use. You might not think things like old technology such as out of date phone handsets and laptops are all that valuable, but there are many companies online who will buy them from you for cash. Games, CDs and clothes can be sold on apps online. General bric-a-brac can be sold at boot fairs, you could try selling on classified sites like Craigslist and eBay too. Have a rummage through your attic too, things like antiques can raise a lot of money, and if they’re stuck in the loft gathering dust, chances are they’re forgotten about, and you’d be much better off with the money instead.