TikTok financial hacks which money-saving technique is best for saving to buy a house?

The internet is bursting with financial tips, tricks, and trends.TikTok, specifically, has tons of financial advice, with users sharing their success stories and posting about their favorite budgeting methods.If you’ve been wanting to buy a house, you might see these money tactics and wonder if they could help you finally save up for that down payment.Read on to learn about the most popular TikTok budgeting methods and trends—and what the experts say about which of these could help you become a homeowner.The FIRE method is all about extreme savings and investment, with the goal of retiring early.

The general idea has been around long before social media (FIRE concepts can be traced back to the 1992 book, “Your Money or Your Life”), but TikTok has really set FIRE, well, on fire.One FIRE method-follower on TikTok explains that she’s hoping to retire in her 30s—she’s currently 27.“The thing that people don’t understand is, like, retirement is not an age,” she says.“It’s an amount of money that you can have invested where each year when you take out a little bit of money to live on, the money that you have will still continue to grow and make up that difference.”So, the idea is: save diligently and invest now, so your money can make money—and eventually, you can stop working and live off of your investment portfolio.While it’s clear that the goal of the FIRE method is to retire early (it’s in the name, after all), hopeful buyers might see how the method could translate to buying a house: Save diligently, invest so that money can make money—and eventually, you’ll have enough for a down payment.It’s more of a long-term savings plan, which might not be too helpful if you’re hoping to buy a home in the next couple of years.

Still, the FIRE method, and the TikTok-ers who praise it, provide many lessons in investing and cutting down on daily costs that can certainly come in handy for anyone.The Financial Peace method, aka the S...