Our Down Payment Journey - How We Saved More Than $100k for a Down Payment

Our Down Payment Journey - How We Saved More Than $100k for a Down Payment

D
Debt Free Millennials
5 Video Views·Oct 29, 2022

A down payment on your first home is a really big milestone for millennials. Kyle and I have saved more than $100k for a down payment on our first home in San Diego (yeah... $100,000...). Here's a breakdown of how we were able to do that in a span of 5 years.

NOTES FROM THE VIDEO
March 2015 - We had some extra savings built on top of our $30k emergency fund. This amount was saved from when we got married in 2015
Dec 2016 - opened a CD with our credit union. Currently earning 3.4%
Started with $3,000
June 2017 - opened a brokerage account with Vanguard. Currently earning 5.6% Started with $3,000
November 2018 - opened a separate HYSA with Ally. Currently earning 1.1%
Started with $15,000


Total amount that we have saved for a down payment = $106,000


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🎬 OTHER DFM VIDEOS YOU MIGHT ENJOY
How to Start a Down Payment Fund | 5 SIMPLE Steps! - https://youtu.be/9LbMNIhStP8
Down Payment in San Diego - BUYING A HOUSE - https://youtu.be/tjJk70VAa1g

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