A client would like to purchase a home within one year. What is the best solution for the client to save for a down payment?

The best solution to help the client save for a down payment in this scenario is to find a second job. Taking on additional work can significantly increase the client's income, providing a direct way to boost savings for the down payment within a relatively short timeframe. This approach can be particularly effective because it allows the client to set aside extra earnings specifically for their goal without needing to adjust their current lifestyle or spending habits immediately.

While reducing leisure expenses can help save money, it might not be sufficient on its own to accumulate the necessary funds within a year. Similarly, investing in stocks carries inherent risks and may not yield guaranteed returns in the short term. Borrowing from family can alleviate immediate financial needs, but it could create personal or relational complications, as well as delays in building the client’s own savings discipline and financial independence. Therefore, securing a second job stands out as the most proactive and achievable method for the client to reach their goal of purchasing a home.