Have you pictured your dream house yet? The house where you will raise your family and start a new life? It can be good motivation for most people who wish to start saving.
It is not easy to save money most especially when there are lots of distractions especially material things that you long to buy every payday. However, you should learn how to control your spending habits if you wish to buy a house for you and your family.
Here are some saving tips that will bring you closer to your goal of buying a house.
1. Plan your budget – It is very common advice but you’ll be surprised that many people still have no budget plan. They work, they get their paycheck and spend everything and then repeat. The cycle goes on and on so how would it be possible to save for a house? What you should do is plan your budget for the month. List down all your expenses including your allowance. That way, you will have an idea on what your limitations are.
2. Spend within your budget – After setting your budget you need to ensure that you will spend within that set budget only. You need to keep in mind that you should only spend according to the budget you planned. It will teach you how to become independent and disciplined.
3. Use your credit cards wisely – Many people drown in debt because of their credit card. Your credit cards usually create an illusion that you can afford many things including things that you don’t. And because you wish to keep up with a lifestyle beyond your means, you end up accumulating debts. So make sure that you use your credit cards wisely.
4. Control your urges to buy things you do not really need – Are you the type of person who loves to shop and buy things that you don’t necessarily need at the moment? It is a hindrance to saving for your future. It is advisable that you control your urges of buying material things especially expensive things that you don’t really need.
5. Allot money for your savings – Lastly, it is good practice to allot money for your savings. You can set a percentage of your monthly income to go straight to your savings account. This will help you control your spending and will guarantee that you have savings for the future – or for a new house to be precise.
These tips will help you save money – money that you can use to purchase your very first home. It is all about priorities. If you know your priorities then you will learn how to decide wisely. For additional motivation, you could start thinking where to live. Australia is an ideal place to raise a family. Lendlease has land for sale in Sydney and it could be the perfect fit for you and your family.
So stop thinking twice, you need to start saving now.
Copyright protected by Digiprove © 2016
Mahina talaga ang EQ ko pagdating sa #3 haha. We are so blessed na we already own a house now but needs a lot of renovation pa. We’ll definitely keep in mind your valuable tips!
ohhh, one of my dreams! not only you need to plan out your entire budget but you really have to earn extra to accommodate all the expenses. buying a house is indeed a serious business. hopefully, we would have our own. time to really save and be wise on money matters. 😉
Nice tips. This year I promised a #Wiser2016 for me. So yeah. Finacial maturity is part of this.
Tip # 3 is a great reminder.People are getting ussd to credit cards these days but they say it’s still best to use cash to feel the paychological pain of letting go of hard earned money.
I’m so excited to have my own house built! A sudden change of plans turned my tiny duplex property into a big lot which I can do whatever with. Thanks for these tips!
Very helpful tips mommy. Thanks for sharing.
This is part of our 2017 goal! Right now we are eyeing a place nearby and we do hope to get it on a lease basis. 🙂 Thanks for the tips!
I am guilty on using my credit card wisely especially when its on SALE. Hehehe. I also want to have our own house, I wish 5 years from now.
Aside from saving I guess you also need to find additional income to fast track the process…
Buying a house is something we have yet to do. Hopefully we get to buy one soon.
It’s our family’s dream to visit and if possible migrate to Australia. Some of our friends are already there. I hope that this dream will come true (pag siguro nanalo ako sa Lotto haha)
Wish you the best of luck, if you do need any help, please feel free to get in contact, happy to assist in anyway possible!
Iba pa rin if you have your own house and lot, a compared to having a condo unit, it gives you complete independence. Owning one, is now on my vision board. Tnx for the tips.
I appreciate tips #3 and 4. I am determined to be a wiser spender na talaga. Ihihi. Thanks for this.
Thanks for the tips 🙂 trying to save now for our own house
Helpful tips! I’ve been thinking of getting my own place and I think this post would really help me save up. Thanks for sharing, looking forward for more.