Treating Rent as a Mortgage Can Help You Save

finances are about to get a whole lot easier.

Treating Rent as a Mortgage Can Help You Save

Change the way you think about rent. Saving up for a long-term financial goal can be daunting. Let’s say you want to buy a house. You can get closer to that goal by acting as if you’ve already achieved it. Try treating your rent as a mortgage payment to get closer to your goal. Want more strategies to save? Learn how to navigate the home buying process and money saving tips from Misty and State Farm® Agent Lakitsia Gaines, as they walk through her “month in money.”

Video Transcript

Next Lesson: Know the Two Types of Spending to Save More. What is a need vs. want? Knowing the difference can make a big change in your savings.