Saving for Your Dream House - What Do You Consider?


Whether you're a first-time homebuyer or an experienced homeowner, saving for your new house is probably on your mind right now. Whether it's because you're ready to move out of the rental market or just looking at options and dreaming of having a place to call your own again, saving money can be hard-but not impossible!


House with pool. House has a lot of lights on


This article will go over everything from how much money you need to save up before buying a house (and how long it will take). And also have some tips for making sure that your dream home doesn't turn into a nightmare when it comes time to buy. We'll also talk about how crypto could be an interesting way to help with this process.


What’s the Number One Reason for Getting Into Crypto?

You've probably heard that Bitcoin's price increased by over 6,000% since 2017. If you have not yet invested in cryptocurrency markets, no doubt you're wondering what it's all about and what makes this digital asset class so attractive.

Crypto is a new asset class, which means its characteristics are different from those of traditional assets such as stocks and bonds.

Crypto has a low correlation to other asset classes. The appreciation in the cryptocurrency prices is devoid of other assets' influence. It is important because it means crypto can get used as a hedge against inflation (which is rising due to quantitative easing).


What Is Your Dream House Like?

With the help of a savings calculator, you can start saving for your dream house today. But before we get into that, let's talk about what it means to save for a home purchase and how much money you'll need.

A dream home is different from one person to the next. It's something that each person creates internally based on their wants and needs in life. It will change over time as we grow and evolve.

Some people want a modern apartment in an urban setting; others want a suburban ranch-style home with large windows overlooking acres of greenery. There are still others who might be looking for something more rustic or rural-the possibilities are endless!

Whatever your idea of "home" is, several factors go into finding the perfect property for yourself: location, size/style/budget (more on these later).


How Do You Plan to Get There?

Saving for a dream house is not just about the amount you save but also how you save it.

You can take advantage of compounding interest, which means that your money earns interest on itself. The more invested in a product or service and the longer you hold onto it, the more interest you earn on top of the original investment.

For example, if your friend keeps $10 in his wallet while working out at the gym, then he lets it sit there until he has enough to buy an ice cream cone (after all, what else do you buy with 10 bucks?), he would have earned only 0.02% in interest over one year (2 cents).

If, instead, say he invests that same $10 into a cryptocurrency like Bitcoin or Ethereum and allows it to grow at 5% annually over three years before withdrawing it again. It will likely be worth much more than what he started with. His profit would have been $1 (.2 * 3), which is 16x greater than keeping the money in his pocket!


Do It Now

You don't need a lot of money to start saving for your dream home. The best thing you can do is set up a plan and stick to it, even if your savings account doesn't show much progress.

Take the time to sit down with yourself or with a financial planner and map out how much money you’ll need for your house. Then, break down this amount into monthly payments. So that you can track how much more you need to save each month to reach your goal by the time it's time for buying!

This way, even if something unexpected comes up (like an emergency), there's less stress on both sides because everyone knows what needs to happen and when it should get done.

There's no denying that buying property is expensive. However, if done right, overall costs should decrease significantly over time! You can remember starting small means saving whatever amount works best without worrying about whether it'll be enough later on down the line.


Why Crypto Is the Best Way to Save?

You may have heard about Bitcoin and other cryptocurrencies, but you still might not understand how they work. You may have heard that people have made a lot of money with cryptocurrency, but you don't know how or why these digital currencies can affect your finances.

To help clear things up, we're going to talk about

  • What are cryptocurrencies?
  • How do they work?
  • Why are they so important for saving for your dream house?

A cryptocurrency is an electronic form of currency. It uses encryption techniques to regulate the generation of units of currency.

It verifies the transfer of funds for goods and services between individuals without relying on any central authority such as a bank or government agency. Cryptocurrencies get referred to as virtual currencies too.

They do not get issued by any central authority like banks or governments. Instead, their generation gets decentralized through a cryptographic protocol controlled by multiple users who distribute and confirm transactions via blockchain technology.



There are many reasons to get into crypto, and I'm sure the main reason for most people is either to make money or help others. The latter isn't something I can speak about here, but if you want to learn more about that side of things, check out my article on cryptocurrency philanthropy here.

We've covered how to get started with cryptocurrency as a beginner investor. Let's talk about what you can do with it once you have some coins!

One of the best ways to use your crypto investments is by purchasing a house in a country with stable real estate prices - like Thailand or Colombia. You can then sell the house after five years when the price goes up by 200%.

It is only true as long as no one else buys it during that period (which happens too often). It will allow anyone who follows this strategy not only to build their dream home but also make huge profits while doing so!