12 Apr 2021 • 2mins • Yolt

Drumming up that deposit - Yolt's essential guide

How to save for a housing deposit

Ready to get on the ladder? With help from these all new Yolt features, you’ll be packing boxes in no time.

1. Review your outgoings

Before you start saving, it’s important to know exactly how much you can afford to put away. Connect your accounts to the Yolt app so you can see everything that goes in and out. This will help you set realistic budgets, and may even show where you could cut back.

2. Set some Budgets

From gas to groceries and pets to petrol, set Budgets for every category and let Yolt give you a little nudge when you’re getting close to your limit. If you’re under budget at the end of the month, Yolt can help remind you to stash away the extra.

3. Start a savings Goal

Once you’ve got your essentials covered, you’ll be able to see just how much you can afford to save each month. Set a monthly savings Goal to help you hit your target and keep you motivated as you watch your savings grow.

4. Track your progress

The Yolt dashboard is customisable to help you track your budgets and savings in a way that works for you. Organise your home screen with all your preferred tiles and charts – keeping on top of your money has never been simpler.

5. Supercharge your savings

Now that you’re all set up, it’s time to take it to the max. Jar Boosters can help automate your savings – putting money toward your savings Goal without you doing anything at all.

Looking for more advice? Check out our 5 top tips for saving for a house.