Good way to save for a house?

[edro]

Sooo... I finally graduated college and got a decent job.

What's a good way to save for a house? I would prefer it to be a way to payroll deduct it (auto deposit into a separate acct). I would really like Pre-Tax, but I think all those have a huge fee if you withdraw before you retire (Roth IRA and 401k).

I am buying company stock (EMR symbol) and am auto depositting into an ING Direct acct (Thanks to minendo ).

Sooo.... what else should I do? Or, what should I change? I would like to accumulate ~10k, in about 5 years, for a downpayment on a house.

THANKS!!!!

 

[GasX]

spend less than you make...

 

[Zorro]

Originally posted by: Mwilding
spend less than you make...

 

[RossMAN]

Do the opposite of what RossMAN does.

 

[StageLeft]

I would like to accumulate ~10k, in about 5 years

Oh come on, that's sad. You can do WAY better than that.

 

[TitanDiddly]

Originally posted by: Zorro

Originally posted by: Mwilding
spend less than you make...

CD accounts set for x years? What are those commercials with the big orange ball.... ING, I think. I remember a few years ago they were flaunting their 3.75% rate. Now it's 2.00%. Same as those Camry commercials... (xx% of Camrys sold... still on the road)

 

[Jzero]

Check your 401k provider. Many allow you to take money out without penalty for 1st time home purchases. Roth IRAs are definitely eligible for this, too.

 

[Ameesh]

Originally posted by: Skoorb

I would like to accumulate ~10k, in about 5 years

Oh come on, that's sad. You can do WAY better than that.

seriously!

$10K in 5 years is pathetic.