Thinking of how to save up for your home deposit? We’ve got 7 ways and you can do them lying down.
They’re called podcasts.
If the efficiency, accessibility and relevance of podcasts hasn’t hit you yet, now is the time. We at Soho just live for them. Whether on the bus, in the shower or trying to sneak a cat nap, podcasts are one of our favourite ways to learn.
And now, they’re helping us save for home deposits, because it hasn’t been easy. Even with mortgage interest rates at their lowest, studies are showing that our ability to afford the deposit has deteriorated across the country.
How to save just isn’t obvious to most of us. So we’ve rounded up a carefully selected list of our top podcasters to help us along the way. They’re tuned in, clever, and get us all those juicy tips without too much mental strain. The icing on the cake? They’re totally free. So here are 7 podcasts that can help you save for your home deposit.
Victoria Devine hosts one of Australia’s top finance podcasts. From tips on real estate to personal insurance and other life hacks, she shares where millennials often get stuck when it comes to money. What we also love is the monthly “Money Diary” episode where she speaks to a variety of individuals about their personal struggles with finances. It’s pleasantly surprising and very relatable.
Money talk can be so serious sometimes. Glen James and John Pidgeon are the antidote. With a little humour, they give us a well-rounded look at today’s common problems with money. They’ll also tackle investments, EFTs and government policies that might affect you. Pro tip: check out their September episode called “how to save money ASAP”—it could help you get on the right track to save up for your home deposit quicker.
If you’re looking for a podcast to clue you in on worldwide economic events, politics, market changes and how they impact you, the search is over. Alex Colalillo, economist, podcaster and Soho contributor, covers what we need to know in an easily digestible format. While each episode isn’t directly related to saving money for a home deposit, it teaches us about what trends might influence our budget-related decisions. Check out her article on the renting vs buying dilemma here.
We found this a straightforward approach to all things budgeting—covering interviews with people who have completely altered their relationship with saving, to cryptocurrency and budgeting in young families. A good example of their perspective is their term “YNAB broke”, which they deem a badge of honour for good saving and budgeting.
And just in time for Christmas is their “Once Again, the Holidays Are Upon Us” episode, which advises on how to save for personal spending, Christmas gifting and perhaps some travel of our own (fingers crossed!).
Saving for a home deposit is property-related after all, so who better to offer perspective on it than property experts Bryce Holdaway and Ben Kingsley. They take on the fundamentals like loan structuring and how to bid at auctions. The podcast also gives us an array of lessons on passive income through investing.
If you hail from a publishing group called Quick and Dirty Tips, we know the advice is going to be efficient. Money Girl is a collection of short, bite-size episodes about ruling your finances. Their goal? For you to have a richer life. So queue it up and listen your way to smarter spending.
We admit to falling for the premise—having your podcaster sip on a martini while she lays the financing laws on us is just too good. They introduce themselves as a financial gym, where you focus on your finances, just like you’d focus on your triceps. We recommend starting off with their episode on property called, “Real Estate with The Happy Hour Ladies”. And yes, you can have a cocktail too.
Keep yourself updated with useful tips like these by getting registered on Soho. Not only are we finding you your dream home, but we’re also helping you save for it and decorate it! So don’t forget to swipe on your property matches so we can get you there faster.