For those who do not have spare capital in the bank, adopting different methods of financial management is an important practice. After all, in this way, people are able to save money in order to have a quality life and achieve their desires – which can include the acquisition of their dream home.
In this post, we list 7 practical tips for you to save and buy a property. Best of all, these tricks show that saving resources doesn’t have to mean sacrifices. Follow:
Give a high input value
Gaining a discount on a high-value purchase can be a good incentive to save money. You see: if you have the opportunity to offer a fat ticket to the seller of the property, you will probably have a better chance of negotiating and bidding that generates discounts on the purchase.
In this case, try to reserve at least 50% of the entry before making the must-see offer, as the higher the initial amount, the lower the interest charged on the rest of the payment. The money saved in this negotiation can be used to cover expenses, such as fees and renovations to the new property.
Be very careful when evaluating your budget for the purchase of the property. In the anxiety of having a new home, some people forget to account for debts that already exist and will be discounted every month in the user’s account.
Especially for those who have the habit of using a credit card for credit purchases, the tip is to make a survey of all expenses to be paid off before entering into that promising financing. If possible, wait a while until a good part of the family group’s debts are controlled and avoid the surprise of facing the sum of different interests at the end of the month.
Spend your money well
Before joining the impulse to close a property purchase agreement, consider investing your money in shares or fixed income to appreciate it. If you need to, consult a specialist beforehand to help you choose a low-risk application that is accessible to your purchasing power.
Waiting for the money to work for you and then enjoying its benefits may not be so advantageous at first, but it is certainly better than getting involved with endless interest on installments.
After a period, the amount generated with the investments can be used to make a loan and even guarantee income for the payment of the remaining installments.
Make strategic budget cuts
Participating in leisure activities and shopping on impulse are common actions in everyone’s routine. Although they seem harmless attitudes, they can contribute strongly to the lack of money at the end of the month. Do you think not? Then do a test for just one month and record all purchases made by the family in that period.
Disregard only the essential items, such as food, gasoline and basic bills, and see the result. Scared? This is quite normal, since we are not used to controlling this type of consumption.
Thinking about it, it is worth insuring the budget by making strategic cuts in every moment of need. This does not mean that you need to avoid an important dinner or event in the presence of loved ones, but that it must contain the desire to change the model of the vehicle or phone each year or that it can reduce the cable subscription package.
Do you see how cuts are that do not leave you without the benefit of the products / services? They just reduce the perks, and you only stand to gain from the economy.
Count on the financing of the property
Choosing property financing has been the choice of many Brazilians in search of favorable payment terms. Like any other purchasing process, this type of acquisition must also be chosen with caution to guarantee discounts and avoid contract fraud.
First of all, research the credibility of the company or Construction Company responsible for financing your property in order to identify possible problems with previous customers or with the courts.
When negotiating the processes, make sure that the payment of the installments of your property are discounted in automatic debit on the card. This tactic prevents you from being fined or having to pay interest on a possible delay caused by forgetfulness.
In addition, check with the chosen company if it allows you to use the FGTS resources to amortize or even pay off the remaining installments of the financing.
Respect your standard of living
Thinking about investing in that dream property? Be very careful with the boldness, as it can leave you with the bead in the red. Although financing conditions are increasingly accessible to different buyer profiles, it is common to see people entering the business without being able to afford the installments over such long terms.
In such cases, the only way to avoid endless debts is to choose a property that is consistent with your standard of living. Always reflect: it is useless to compromise income on a good that will represent the loss of your financial health.
Learn to live with less
Experts say that a good way to plan to buy a property is to modify the consumption routine little by little. So, if you want to get a sense of what it’s like to live without part of your monthly income, nothing better than taking a test and writing down the results.
To start, the tip is to reserve 30% of the total income for savings, since this amount is usually charged in installments of various financings. Initially, the change can create discomfort and you must hold on tight to not release the money. Whereas, once you have gotten used to this “lack” in your routine, you can consider yourself ready to face the responsibility of acquiring the property without suffering from the dreaded negative bills.
And do you already use any of these strategies to save money? So leave a comment on the post and share your experiences with our other readers!