Road testing first home buyer saving techniques

Saving for a home deposit is one of the biggest hurdles on the ladder to home ownership, so it’s no surprise there are plenty of suggestions for how first time buyers can pinch their pennies to push their funds that little bit further.

But not all advice is created equal. I road tested some of the most commonly suggested savings techniques to see what can actually help you pump up your savings.

Finder.com.au’s consumer advocate Bessie Hassan said their 2016 Savings Survey found that 13 per cent of all Australians were saving for a home deposit – with 26 per cent of Gen Y actively saving.

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