Читать книгу The Female Investor - Kate Hill - Страница 28

Most of us don't have a Great‐Aunt Mildred who conveniently dies and leaves us a wad of cash to buy our first property with, do we?

In fact, we hope that more women will learn how to rely on their own endeavours to improve their financial lot in life, rather than banking on an obscure elderly relative, a long‐lost cousin, or their future, or current, partner.

But let's get down to business.

Property prices generally only go one way over the decades — and that is up. It can seem impossible to ever save fast enough to keep pace with rising prices, which is one reason why so many women give up at the first hurdle.

But there are ways and means to help you save that first deposit, including the fact that it doesn't have to be the mythical 20 per cent of the purchase price that many people think it does — although that is always advisable. You do need to show genuine savings to lenders.

Saving funds for a deposit is a great exercise in budgeting and money management that will hold you in good stead for the rest of your days.