How to Save for a Down Payment Home

THE high prices of homes currently making people should plan to spend the money, including buying a house. Rarely did the young couples can simply buy a house in a straightforward manner keel, most are still credit. Buying on credit need cash advance certainly not least, must also save. How to save the right strategy for a down payment?

1. Check credit report
Make a list of your debts. Put a priority which must be repaid and specify when the right time to start saving. The first step you need to take into account in buying a home is to understand what you have to pay in addition to the down payment, for example, administrative costs, installation and public services.

2. Monthly income.
Check on how many weeks in a month you have more bills so you know when to set aside money for a down payment. In a couple of weeks in a month could be you do not have a bill that allows you to set aside the money to pay for the week. If you get paid every week, keep in mind that there are months where you have five salary when compared with the regular salary that is four times the salary of a month. In these months you can set aside the whole salary for most budgets are based on a four-month salary.

3. Create a budget and set goals
Creating a budget will show you how much money you have on a monthly basis and compare it to how much money you spend on debt and living expenses. You can create a simple budget using a free personal budget software online.

Set new goals every month to eliminate certain expenses so that you have room in the budget for a down payment and then, for the payment of your home loan. This will be very helpful to see how much spending can be eliminated each month.

4. Bring cash
Sometimes it's hard to take the time to stop at an ATM and get cash. If you use an ATM card, use a debit card and get cash when making purchases. With just bring your cash will reduce the use of credit cards, so you can pay off your debt more quickly because it does not constantly adding to your balance.

If you limit yourself to, say, 40 dollars every week and only took 40 dollars and no credit or debit card, you will be more likely to stay within those limits. Any money left over, it can add to the other costs in the next week. In a few weeks, you'll probably have enough money for extras, such as going out to dinner.

5. Avoid went to lunch and dinner outside
While eating lunch outside is very tempting, but it is actually costly. Consider is: If you eat out every working day, five days a week, you may spend an average of Rp 250,000 per week just for lunch! By bringing lunch from home, you may only spend Rp 100,000 every week.

Buying items in bulk such as snacks and water will make you survive until the end of the month. If you really wanted to eat out, so get used only once a week. Indulge yourself on a Monday "lunch treat yourself at the beginning of the week" or Friday "treat yourself for having made it through the week".

6. Cut spending until late.
When you're bored, women love to go shopping. This is probably one of the worst habits. By not going to the store unless absolutely necessary, and all go to the mall, you will economize money-your money. If there is something you must have, look at the budget and determine what can be removed to help you make another purchase. Ensure expenditure as a gift if you can downsize your budget; reward yourself for meeting your goals.

7. Use one bank account.
If you live with a partner, you may want to consider using only one bank account. By using a single account, will make it easier to pay the bills and keep track of your budget.
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