Buying your first home is a crucial decision; it is thrilling and exhausting as well. Here Kohinoor shares the best money saving techniques so that home buying the experience will become a great deal in your life
Ways to save for buying your first home
But while doing all this, don't cut down on necessities!
Avoid restaurants, exotic vacations, and big brands in short a lavish lifestyle. But don't cut down on healthy food, clean clothes, hygiene and healthy and active living. As a substitute, eat at home-made food, buy products in the discount and use gardens and open spaces for a revitalized healthy life.
Ways to save for buying your first home
- Invest in growth opportunities – Start investing earlier in SIPs, ELSS, Equity-based Mutual funds and more options which will give you good returns.
- Move into an affordable rented house- Cost cutting and sharing the load can save a considerable amount
- Minimize on luxuries – Try to reduce the expenses by avoiding expensive gyms and un-necessary purchasing jewellery items etc.
- Trim Additional expenses – Start with small savings like cheap memberships, buying discounted products etc.
- Earn more money – Identify more earning options like freelancing, working on weekends or joining part-time jobs.
But while doing all this, don't cut down on necessities!
Avoid restaurants, exotic vacations, and big brands in short a lavish lifestyle. But don't cut down on healthy food, clean clothes, hygiene and healthy and active living. As a substitute, eat at home-made food, buy products in the discount and use gardens and open spaces for a revitalized healthy life.
Infographic Source: https://blog.kohinoorpune.com/how-to-save-for-buying-your-first-home
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