Cooking the Books podcast: Ways to save a house deposit on an average income

Each week the NZ Herald and Newstalk ZB's Cooking The Books podcast tackles a different money problem. Today, it's the second episode of our OneRoof-partnered series, looking at ways to save a deposit even when you're not rolling in it. Hosted by Frances Cook.

Audio from this video podcast is available on podcast apps, one week after its release on Herald Premium. You can subscribe on Apple podcasts app, iHeartRadio, or Spotify, to make sure you never miss an episode.

Getting together a house deposit is arguably the hardest part of becoming a home owner.

Depending on whose figures you use, and where you are in the country, renting can actually be slightly more expensive than owning a home.

That means when you're renting and trying to save, it's an uphill battle.

It's not impossible though, and the payoff is worth it once you get there.

You just need the inside word to reduce the pain of saving up that deposit.

Peter Cordtz works on just that, at the Commission for Financial Capability.

He came on to the latest Cooking the Books podcast, where we discussed the dropping rates of home ownership, how KiwiSaver can boost a deposit, and helpful courses from the Commission.

For the episode, watch the video podcast below:

Or listen to the audio below:

If you have a question about this podcast, or question you'd like answered in the next one, come and talk to me about it. I'm on Facebook here, Instagram here and Twitter here.

If you missed the first episode, click here for a discussion on the life stages for renting versus buying.