One of the easiest methods to get money into a savings account is to set up a direct deposit from your employer to your savings account.
You don't need to put your entire check into savings, just a percentage of it. Most employers allow you to do this through your company's HR platform.
If you're a freelancer or work a job where a direct deposit isn't an option, try setting a calendar reminder for yourself each payday, or have your bank do it for you.
When you deposit your check, transfer a set percentage of that check to your savings account. Even if it's only $20 per paycheck, those savings will start to add up.
For accumulating savings outside of a traditional savings account, try an app like Acorn which rounds up your debit transactions to the nearest dollar amount and puts those funds into an investment account.
It's a simple tool that can help you set aside money to use for your down payment. Other options include investing a lump-sum of money into interest-earning CDs or money market funds.
For others, the easiest way to save money for a house can be to closely examine your spending habits. Too often, potential homebuyers are spending money in unnecessary places.
For example, if you're stopping at Starbucks every day for your iced coffee, invest in a $20 cold brew carafe and make your iced coffee yourself.
You'll save tons of money each month from this one change in habit.
Using an app like Mint, or tools like our budget planner can help you categorize your spending and identify areas where you spend too much.
Each month, try reducing the costs in one category and put those savings towards your down payment fund.