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Learn Financial Freedom Step by Step

How to Save Money for Buying a House

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Everyone wants to make own house where he can enjoy his or her happy life. It is the dream of every family who does not have own house or who are living in rented home. Rented home has also side effects which I have explained Buy or Rent a house. They want to own kitchen, own fitness room, own rest room and own family talking room. This can be possible when you buy your own home. But problem is that current time, you do not have the money for achieving this dream. 

Solution in your hand is two. Either take the loan and make house or save the money and buy the house. I prefer second because I saved the money and I bought my dream house at the age of 36. There are also some side effects of home loan.

1. Stress of EMI

2. Burden on brain of repaying the loan

3. Not focus on your potential 

4. Devaluation of the value of house if not paid the installment of your home loan

All these things, I have already discuss in my previous content " Buy with cash or with loan a house which is better?"

Now, today, we are focus on the Steps to Save money for buying a House

1. Set the Goal of Buying a House 

Without Goal, you can not achieve the goal with your saving. You have to set the amount which you need for buying the house. It may be 20,00,000 or 30,00,000 or 70,00,000 or 1 Crore as per your locality. Then set the time limit. Without time limit, there is no goal. It may be 5 years or 5 years or  7 years 

2. Focus on Saving of Money 

You can focus to saving money on following areas. 

1. Save Money by Growing Your Food in Your Kitchen Garden 

Learn to Gardening Skills 

2. Save Money by Making Own Food at Home 

Learn Cooking Skills 

3. Save Money by Producing Milk in Your Home 

Learn Cattle Domestication Skill

4. Save Money by Using Electric Vehicle 

Learn to Petrol and Electric Vehicle Analysis

5. Save Money by Using Solar Energy

Learn to  Electrical Skills 

6. Save Money by Using banking skills

Learn Banking Skills 

3. Focus to Boos Your Income and Save Same 

Except saving, you have to earn more. With following ways, you can earn more 

Learn youtube skills and earn more

Learn ebook selling skills and earn more

Learn App development skills and earn more

Learn it in excel sheet analysis

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