How to save for a house – 10 tips that work

Saving for a house fund

For most people, a house will be the biggest purchase of their lives, not to mention the most important. Saving for a house can be stressful but a little planning can make all the difference. For 10 non-nonsense savings tips on how to save for a house that really work, look no further.

Above all, save smart, save early

Before we jump into the actual list, our biggest piece of general advice on the best way to save for a house is to save smart and save early. To save smart, make sure your saving amount is realistic and work backwards to be able to set attainable goals. As for saving early, remember that time is the great multiplier of small savings. As multi-billionaire, Warren Buffet, once said, “Someone’s sitting in the shade today because someone planted a tree a long time ago.”

Let’s look at 10 useful tips to save for a house deposit effectively. Here’s how to get your house in order, so you can order a house.

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1: Compare the market

Energy and utility bills are tedious but necessary. For most people, car insurance, broadband and phone bills are the same. However, all of the companies offering these services profit from the average person’s lack of interest in making savings.

For those looking to make a nice dent in their outgoings, a small investment of time on a price comparison site can work wonders. Check whenever your contract is up for renewal. Then, about two weeks beforehand, schedule some time to look around for better deals.

Alternatively, you could use an automatic switching service to do the legwork for you.

Update (February 2023): With the UK energy crisis in full swing, it’s difficult or in most cases impossible to make savings on gas and energy bills. It’s difficult to shop around when every provider is offering prices that exceed the current Energy Price Guarantee.

Instead, focus on reducing your household usage of gas, electricity and heated water wherever possible. This might mean turning the thermostat down by just one degree, which could save you £100 a year. You could also explore switching your use of certain appliances for cheaper alternatives. Using a slow cooker instead of an oven can be much cheaper overall, while drying clothes with a dehumidifier instead of a tumble dryer can also make you big savings.

POV of someone watching Netflix show on TV

2: Unsubscribe and chill

We all enjoy having on-demand choices for our digital entertainment. However, subscribing to Netflix, Amazon Prime, Sky and other packages all at once is expensive and probably an ‘option overload’. Coping with less content can save you a decent amount of cash each month and you may find you’re not missing out.

Sites like are a great way of discovering where series are broadcast, so you can pick and choose your platforms more carefully. Don’t forget free on-demand platforms too.

Similarly, don’t forget that memberships can sometimes be paused. Why not try rotating your memberships on a monthly basis? If you are keen to keep using a service, it can also be worth looking at exactly what you are getting. Sometimes even a standard package has unnecessary extras.

Women doing yoga

3: Burn financial fat – quit the gym

People stayed fit long before private gyms, and many charge eye-watering fees. So, consider whether you actually use it enough. If you do, can you transfer your routine out of the gym and shed the financial cost?

Park yoga, running groups and free weights are all easily viable alternatives. Plus, the internet is an endless source of high-quality workout videos and ideas for an active, healthy lifestyle.

4: Shop around

Local shops and supermarkets are convenient but don’t discount the savings possible with adjustments to your shopping routines. Partitioning your shops will allow you to access the speciality cooks’ ingredients at the high-end chains, while saving money on day-to-day items in budget supermarkets. Also, use your loyalty cards to the fullest.

5: Two legs good, four wheels bad

High prices at the pump can really damage your budget! And don’t forget all the additional costs of running a car. Why not switch to the Shoelace Express and walk wherever possible?  This will also help you get your steps in, now you’ve cancelled your gym membership.

6: Check your direct debits

How often do you sign up for a monthly subscription on a free trial basis and then forget about it? It happens to the best of us.

Go into your banking app to identify regular payments. There’s a good chance you’ll find at least one that is outdated, unessential or can be temporarily put on hold.

7: Set up a standing payment

While you’re looking for any direct debits that are surplus to requirement, it could be a good time to review how much you can afford to actively put aside each month. You could set up a direct debit scheduled after payday to a secondary account devoted to your house saving.

Putting aside a reasonable amount will remove the ability to impulse spend later in the month. It will also challenge you to push your remaining money further. Finally, the separate account can be a focus for your growing house fund.

Woman cooking in kitchen

8: Waste not…

Food waste costs UK households an average of £800 annually. Utilising batch cooking and defrosting portions as they are needed is a great way to get the most value out of meals. It also saves overall cooking time during the week.

For individual meals, be precise with measurements. When it’s cost-effective to buy more, make a plan to incorporate extra food in a specific dish. Mushy fruit and soft veg are great in smoothies, which are often overpriced in gyms and supermarkets.

More cautious cooks could consider meal delivery boxes. These companies often have introductory deals that work out cheaply with follow-up referral discounts. Time to find some friends!

Crafting wood with tool

9: Use your free time

The new reality of remote, flexible working in certain job sectors has enabled employees to work more efficiently. With careful planning, it can be possible to take on a second job.

If you’re working from home, consider what ‘house fund’ activities you can fit in around your salaried hours, including:

  • Crafting items for sale
  • Selling unwanted items from your home online
  • Doing house jobs that you’d otherwise pay a professional to do
Colourful jumpers on rack

10: Dress to impress, not to excess

Saving money on clothes doesn’t mean darning your old socks – though don’t let that stop you. Give the old threads at the bottom of your drawer a new lease of life. Or try clothes swaps with a friend. Remember that money saved is the same as money earned – it’s still in your pocket.

Stay on track – the savings will quickly stack up

It’s important to stay goal-oriented when trying to figure out how to save for a house deposit. There may be times when circumstances might require a little more spending, but your overall success will be measured by your willpower. Resist the temptation of impulse buys by thinking about the long-term gain, not the short-term loss of satisfaction.

If you liked these ideas on how to save for a house, remember that HomeViews has many articles on the subject of buying your home, including tips on help-to-buy schemes, getting a mortgage and more. Check out the links below.

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HomeViews provides verified resident reviews of the UK’s housing developments. We’re working with developers, house builders, operators, housing associations and the Government to recognise high performers and help improve standards in the built environment.

written by

Chloe McCallum

Social media and marketing specialist Chloe has developed an extensive knowle... Read all

Social media and marketing specialist... Read all