Before you get stressed out, second guess the number or convince yourself it’s impossible, there’s one simple step I always recommend first:
Calculators help you estimate what you’ll actually need for your first home by factoring in things most people forget, like deposit size, stamp duty, Lender’s Mortgage Insurance (LMI) if you’re saving less than 20%, plus your current savings and regular weekly or monthly contributions.
It’s not about locking yourself into a plan just yet, it’s about finally seeing what’s possible.And if the number on the calculator scares you, you need to join the Money Wellness Pond on Skool, and get the S.I.M.P.L.E. savings system 🐸