5. Set realistic goals
While saving for a deposit can feel like a long, intimidating process, it is important to keep everything into perspective. Don’t create unreachable goals that are inevitably going to set you up for failure.
Even though your priority has shifted to saving for a deposit, be sure to maintain some balance in your life. If you are too frugal and completely eliminate all social events and lifestyle habits, you’ll likely end up feeling too stressed to follow through to the end. Set smaller interim goals along the way, have a date and saving target that you can tick off as you go. Once you see you are achieving your goal, while still being able to enjoy your life, you will only feel more motivated to continue.