General KnowledgeReal Estate

Five Tips to Help you Save Money for your New Home

Feb 17, 2020

With limited opportunities to generate income and the skyrocketing prices of real estate, owning a home has become a great challenge in Pakistan. We know that saving money for your first home is a difficult and long-term commitment. But don't worry we understand your struggle and present you five effective and simple ways to save money for your next beautiful home while enjoying a normal lifestyle in Pakistan.

Set your Goal 

Set your ultimate goal to buy your new first home. Remember if you can save money for your favorite smartphone, you can also save for your new home. The setting goal will help you keep on track and reach your goal.

Budgeting is the Answer to Protect your Future

The secret to saving is budgeting, keep your expenses within a given budget in this way you can save enough. Also, you can follow the rule of budgeting 50/30/20. You can spend 50% on your actual needs, 30% on what you want and 20% save it for your next dream house. Stick on this rule and in no time your dream will come true.

Say No to Credit Cards

Credit cards in your wallet is a one-way ticket to debts, it makes you fall in debts. You exceed your limited purchasing power and end up getting useless things and eventually will not be able to save money for your dream house in Pakistan. So control your spending and use cash for your purchases instead of credit cards.

Spend Smartly

Be smart about spending by cutting unnecessary online shopping, where many people tend to overboard. Take your kids to parks, watch movies at home and in no time, you will be able to save money for your new house.

Go an Extra Mile 

Get an economical deal for the internet, don’t leave the electronic appliances turned on, use energy savers than high voltage lights to get low billing amount by the end of every month. Trust us, this small step will make a big difference in your savings and will help you reach your ultimate goal of saving money for your new home. Investing in your new home will not just give you peace of mind but will also give you an additional source of income.

Congratulations you have saved money for your new house and now ready to make a purchase. Best of luck and happy moving!

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