Archive for July 2018

Gaining the Support from the Mortgage Options

What does it mean to save? If we are talking about saving, then there is not enough. And if you do not have enough, logic dictates that you have to start earning more, right? So it turns out that if we think about saving, we proceed from insufficiency. Where, then, are our energies and talents directed? To think how to save!

Analyzing the possibility of savings in order to buy an apartment in a mortgage, we put the question: “How to rationally use the money earned?” There is an expression: “Finance is energy for life.” Assuming that money can have the property of energy, it turns out that it is important to be able to manage this energy: not to let it fade, but also not allow acquiring destructive power. How can we put this all into practice? There are several ways to manage the family budget. We’ll talk about this. Managing big money is different, and huge is quite another. Here, as they say, the “law of large numbers” comes into effect, and now we do not take into account this. Essential advises are offered by mortgage broker GeelongĀ .

The proposed methods of personal finance management are quite simple, but like all simple recommendations, they have one feature: you need to regularly analyze successes and failures, reminding yourself of the rules of the game. We formulated 10 principles that will help you to save up an initial payment for an apartment.

Mortgage without down payment: where, how, how much?

If you suddenly had to borrow money, then get rid of the debt, as soon as money appears (for example, they gave a salary). These two principles, if they are immutable, will immediately put many things in their place. Learn to live within your means, it’s not so easy.

  • It is important to clearly know your monthly income. Take this figure under control. If the source of income is one, then sum up the advance and the salary, and get the figure of the monthly income. It is more difficult when there are several sources and they are unstable. Then estimate the amount you will receive this month. This is an important principle. It is on this figure that further planning will be built.
  • Precisely calculate how much “eat” the monthly expenditure. They include the payment of an apartment, study, fitness, the maintenance of a personal car, travel by public transport, the purchase of necessary household items. In general, then, without which you cannot do. Teach yourself never to delay payment of bills, so as not to postpone these expenses for another month.

Calculate approximate spending on food. This can also include spending on cafes and restaurants (if the budget allows).

Plan and spend it

Since this is a big expense, it is better to plan a trip at least for six months, gradually investing in it money: in one month – payment of tickets, in the next – of the hotel. Do not give up leave at all: you need to rest.

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