Purchasing your first home is a monumental milestone, but the journey to homeownership can often be hindered by procrastination.

Many aspiring homeowners find themselves delaying the essential steps required to save up for a deposit. If you’re determined to make your dream of owning a home a reality, it’s crucial to break the cycle of procrastination and develop effective saving habits. Here are three actionable strategies to help you stop procrastinating and start saving for your first home.


1. Set Clear and Achievable Goals

One of the primary reasons people procrastinate is because their goals are either too vague or seem unattainable. To combat this, start by setting clear, specific, and achievable goals. Instead of saying, “I want to save money for a house,” determine the exact amount you need for a deposit.  Speak to one of our expert advisors to find out how much you can borrow based on your current income and how much deposit you would need, and set a realistic timeline to achieve it. For example, if you need £30,000 for a deposit, break this amount down into smaller, manageable monthly savings targets. This approach not only makes the goal more tangible but also provides a clear roadmap to follow, making it easier to stay on track and motivated.


2. Automate Your Savings

Another effective way to overcome procrastination is by automating your savings. When saving money requires manual effort, it’s easy to put it off or forget altogether. Automating your savings removes this hurdle by ensuring a portion of your income is transferred directly into your savings account before you even have a chance to spend it. Set up a recurring transfer from your current account to your dedicated savings account each payday. This “set it and forget it” method ensures consistent progress towards your deposit goal without requiring constant attention and effort.

Additionally, consider using apps or online banking tools that round up your everyday purchases and transfer the spare change into your savings account. These small, incremental contributions can add up significantly over time, accelerating your progress and reducing the temptation to procrastinate.


3. Create a Budget and Track Your Spending

Creating a budget is a powerful tool for managing your finances and preventing procrastination. Start by listing all your monthly income sources and expenses, categorising them into essentials (like rent, utilities, and food) and non-essentials (like dining out, entertainment, and shopping). Once you have a clear picture of your spending habits, identify areas where you can cut back and reallocate those funds towards your savings goal.

Tracking your spending is equally important. Use budgeting apps or spreadsheets to monitor your expenses regularly. This practice not only keeps you accountable but also helps you identify any unnecessary spending that could be redirected towards your home savings. By maintaining a budget and tracking your spending, you’ll become more mindful of your financial habits, making it easier to prioritise saving for your first home.


Procrastination can be a significant barrier to achieving your goal of home ownership, but by setting clear goals, automating your savings, and creating a budget, you can overcome this obstacle and make steady progress towards your dream.

Remember, the journey to saving for your first home is a marathon, not a sprint. Stay committed, remain disciplined, and celebrate your milestones along the way.

With these strategies in place, you’ll be well on your way to stepping through the front door of your very own home.

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