What would you (not) give up to save for a home down payment?

Curb Appeal

Aspiring home owners often need to cough up tens of thousands of dollars for a down payment — all while paying for rent, utilities, car insurance, and what seems like a thousand other bills. Some people look for ways to increase their income by finding a higher paying job or even taking a second job. Others delay replacing an older car or foregoing their annual cruise in favor of a much more modest camping trip. But what sacrifices are just too big? Trulia surveyed 500 Americans in May 2014 to find out.

downpayment-infographic-211

Giving up on a car just to save money for a down payment is a hugely unpopular choice, understandably so. A whopping 42.2% of the respondents felt that giving up their smartphones is also not worth saving money for a house. The survey also reveals differences in the way sacrifices are perceived in the short-term versus the long-term…

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