PHOTO: ScoMo could give you a helping hand in saving your deposit

Saving up the deposit for your first home can sometimes seem like an insurmountable challenge.

But like most mountainous climbs, if you have done your research, know how to get there, understand what it takes to get there and know where the top is, you will reach the summit.

Whether you are saving as a couple, a family or on your own, you need to be clever about both your saving and your spending.

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But that new home and all its comforts and rewards can be yours if you play it right. These five home deposit hacks below can help you get there.