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5 Tips to Save Money for Down Payments

Buying a home or villas in Pune is a dream for everyone that we all aspire. It is not easy to buy a home because it requires a lot of money. For most of us, we do not have a large amount of capital available. Therefore, we take home loans from banks or lenders. The bank provides us with the amount to pay for the home, in return you have to pay the amount and interest to the bank. Most of us think that saving money for a down payment is difficult or impossible. Saving money each month can help you to pay for a down payment. Learning how to save money by not spending on the things we don’t require can help us save money for down payments.

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5 Tips to Save Money for Down Payments

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  1. Introduction • We all aspire to buy a home or villas in Pune. • To buy your dream home or villas in Pune, a lot of capital is required. • Paying a huge amount of money for buying a home at once is difficult. • Therefore, taking help of financial institutions such as banks or lenders for a home loan makes sense. • Many think that saving money for a down payment is impossible. • Here, we will provide you with valuable information on how you can save money for a down payment. www.svbrealty.in Contact Us: +918411963033 2

  2. Tips to Save Money (Cont.) 1. Make Coffee at Home • Avoid going to coffee shops and spending ample amount of money on a single cup of coffee. • Make coffee at home in a beautiful coffee mug and enjoy your day, rather than spending it in a coffee shop. • Suppose, a cup of coffee in a coffee shop costs Rs.150, then money spent on 300 cups of coffee in a year is around Rs.45000. • Thus, avoiding coffee shops can save a huge amount of money which you can use it to pay your down payment. www.svbrealty.in Contact Us: +91 8411963033 3

  3. Tips to Save Money (Cont.) 2. Pack a Lunch • Packing lunch from home is a great way to save money. • Home cooked food is less expensive and much healthier. • Buying meals on a daily basis can cost you a lot of money. • A plate of meal costs Rs.500, then 360 plates of a meal will cost you Rs.180000. • Saving this amount can add to your down payment if you are planning to buy a property or a home. • Now you can calculate how much amount of money you can save and use it to pay your down payment. So, start saving from today onwards. www.svbrealty.in Contact Us: +91 8411963033 4

  4. Tips to Save Money (Cont.) 3. Ditch Buying Packaged Water Bottles • Many people have the habit of not carrying water bottles, instead, they buy it from shops on a regular basis. • It is a very good advice for those people who regularly buy water bottles for drinking purposes, you need to start using water purifiers at home, and start drinking those waters and even fill it in your bottles while traveling for work. • In this way, you do not need to pay for the bottles. • Each bottle costs about Rs.30. So, 365 bottles cost nearly about Rs.10950 in a year. If you save this money it will help you in paying your down payment. www.svbrealty.in Contact Us: +91 8411963033 5

  5. Tips to Save Money (Cont.) 4. Review Your TV Cable Package • Most of us have cable connections in our homes. • We all know that there are plenty of channels on our package, which we do not watch, but still, we are paying for it. • Remove the channels you do not watch from the package. • You can cut off the channels according to your usage and save money. • For instance, the cost of the full package is about Rs.600. So, if you cut off the unwanted channels you can save Rs.200 per month, then the annual saving will turn out to be Rs.2400. www.svbrealty.in Contact Us: +91 8411963033 6

  6. Tips to Save Money 5. Limit Dining Out • It is necessary to try things to lighten our life and feel refreshed. • Dining out occasionally is good, but it is not necessary to go out for dinner on a regular basis. • Having dinner at restaurants costs a huge amount of money. • You can save money by cooking at home. • Cook delicious stuff and create a party mood in your own house with the help of lights and candles. • Saving Rs.14000 per month can save Rs.168000 in a year. This money can be used to pay your down payments. www.svbrealty.in Contact Us: +91 8411963033 7

  7. These tips are not only limited to buying a property, house, or villas in Pune, but you can also apply them for buying home appliances like refrigerator, television, washing machine, etc. Thus, it is necessary to save money each month, so that you can pay the down payment. Read more about - Easy Ways To Save For A Down Payment www.svbrealty.in Contact Us: +91 8411963033 8

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