Purchasing a property is one of the largest single purchases one will make in life. And when it comes to real estate investment, saving for your first down payment and building home equity can be a way to build wealth for your future. That only means, saving money for a down payment should not be taken lightly. However, If you think saving is as easy as you think it is, wait until you get started.
It’s not to scare you, but to give you a heads up on what’s typically going to happen especially when saving for a down payment. Regardless of the property, you want to invest; be it Solstice or any real estate property, there are certain things to consider when saving.
Find affordable alternatives
The moment you decide to invest in a real estate, compromising is one common thing you need to consider. For instance, you can drop your gym membership for exercising at home. Or perhaps, lose the cable subscription and sign up for Netflix. Having these as your alternative, you can save as much as you can. One thing is for sure; you can still continue to live your life without spending too much on the things you do not need. Moreover, think twice before you buy something – you may not need that particular thing.
Yes, saving may be hard, but that does not mean you should hate it. That means you can break you savings goal down into manageable chunks, and think of a low-cost reward for yourself. After saving a lot of money in week or month, you can treat yourself to a dinner, or something that you want to have. However, you should also be mindful of the price. Just because it is your reward, you should also spend a lot of money on it. Of course, that should also not be the case. Since you are still saving for the down payment, you should also be mindful of the things you are want to buy.
Turn your savings into more savings
Did you know that it is possible for you to turn your savings into more savings? Perhaps, you can consider high-yield saving accounts, certificates of deposit, peer-to-peer lending and mutual funds. Moreover, you have to make sure to get solid advice about whether your timeline is appropriate for various investment options. But if you are not sure about these alternatives, you can go for high-yield accounts. This is one of the most conservative choices you can make since they are insured by the federal government.
Turn your hobbies into side gigs
Whether you realize it or not, you can turn your hobbies into money. How? There are people out there who can appreciate an individual skill where they are willing to pay for your ability. Let’s take painting, for example; some people would buy your artworks. Or perhaps, if you are good at playing piano, guitar, drums or any instruments, you can offer some lessons. With this, you are not enjoying doing your hobbies, but you also earn extra income out from it.
Although saving money can be challenging and daunting, that should not be that hard as you think it is. You can make it fun while you are saving money for the down payment. Moreover, this is one way you can achieve your dream home.
“It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.” – Robert Kiyosaki
“Is it really necessary to for someone to do something before going to bed?” A lot of you here might have the same question and wonder why. Right? Well, not all of us have a routine before going to bed, which may not be a good habit to a productive homeowner. If you have just noticed, happy and satisfied homeowners are able to set their minds for tomorrow before going to bed. They organized and makes sure everything would be better the next day.
Generally, each homeowner has their own way of doing things right at home. And whether you are living in Ayala Greenfield Estate or any other real estate property in the Philippines, you can do things that would make you productive as a homeowner. However, not all of us are able to grasp and understand why we need to do at least a 10 minutes routine in our home.
Well for some reasons, having some routine would help you set things in order at home. Moreover, this is also one way to make you feel at ease when going to sleep. You don’t have to worry about the things you have at home since you already done such things before going to bed. And if you are one of those homeowners who still don’t know what to do before they sleep, then you might want to refer to these things below.
Do the dishes
Yes, it is just a norm for us to do the dishes every after eating our dinner. Right? However, not all of us here are able to do the dishes due to some reasons. Do you know that it is not a good habit to leave your dishes behind? Of course, if the things that we use for cooking and eating are not properly clean, this will definitely not good for our health.
Moreover, if there are still dirty dishes that are left in the sink, cockroaches, and another pest might feast over the place. And I’m sure you don’t want that to happen, right?
Pick up the outerwear
Ok, let’s admit! Not all of us have the habit of putting their hats, jackets, shoes and other things in their proper places every after coming home. Right? We just tend to leave it outside or putting at the back of our front door, right? However, you also have to know that it is not nice to look at things that are not in their proper places. That is why you need to make sure that you put the all the things back in their respective places.
This is one of the things most of us tend to do before going to sleep. Sometimes, we watch TV or play or favorite video games. However, if you want to have a stress-free and productive mind, why don’t you try reading some books? Or do some DIY projects? With that, your mind can rest from the radiation from the TV and gadgets that you have.
Tie off trash
This is also one of the important things you should never forget to do before going to bed. I’m sure you don’t want to have a smelly home, right? That is why it is a must for you to throw them all in the trash bin. Moreover, make sure that you tie them properly for as not to let the odor come out.
Make a list
Making a list is one of the things most productive homeowners usually do. Of course, they would make sure that they can do the things that are supposed to do the next day. And as much as possible, they don’t want to waste time just for nothing. That means, the things that they are going to do must be done according to their list. Yes, there are times that it won’t turn out the way they wanted to be. But at least, they have a guide on what and what not to do for the next day.
Spending money is a crucial thing to do. Agree? We don’t just spend for the sake of spending without knowing if it is worth or money or not. But let’s admit! We all are guilty of this since there are just some things that we are so tempted to buy even if it is not that important for us to use. How much more when you your money is budgeted and you still have a lot of utility bills at home that you need to pay? This is going to be a daunting and challenging on where you can get the exact budget, right?
Yes, it is understandable that saving money is one of the hardest things we could ever do, considering that there are a lot of daily expenses that we also need to think about. And if you are one of those homeowners of Ayala land properties, and who are struggling when it comes to saving money, then you might want to try these tips below in minimizing things for a save more money.
1. More plants
One of the advantages, when you have plants in your home, is that it can block the heat from getting into your home. Of course, plants don’t just give and add beauty to your home, but it also has health benefits you can get when you have plants at home. Moreover, make sure that the flowers or plants are fresh enough when you put have it in your home.
2. Cover your windows
If you don’t want to turn on your AC all the time, then you better cover your windows to make sure that the heat won’t get into your home. Well, you can close your window blinds or curtains, especially during the hottest part of the day. Moreover, you can also install outdoor awnings, solar screens, or window film on the outside of your windows to minimize the heat that goes to your home.
3. Adjust the thermostat
The thermostat is useful especially when you want to reduce your cooling costs by as much as 10% of your previous one. Raising the thermostat is also one way you can save money since it can keep your home at the highest comfortable temperature as possible. And if you think that the place is still warm for you to stay, then don’t forget to turn on the thermostat to minimize and adjust the temperature of the place.
4. Select your fan speed
Don’t you know that your fan is also one of the things that can contribute to the utility bills at home? Especially when you experience humidity in the place, you definitely want to turn the fan on its maximum level. If you can’t adjust your fan speed from the thermostat, then you better call a service professional to see what speed you need use.
5. Use permanent air filters
One of the most critical part when keeping the air conditioning running is the maintenance. Of course, it restricts the flow of the air and cause the system to become inefficient and unable to function when you have a dirty air filter. If you really want to save money when it comes to your home utility bills, then you also have to consider and maintain a clean air condition system. If you think that it is already collecting dust and dirt, then you need to clean them regularly to ensure that there will be a proper function.
6. Seal leaks
Did you know that a leak or a crack on your window is one of the many things that contributes to the expensive bills that you have? Of course, air can’t circulate in the place properly since it goes outside, the more energy your AC or fan will be giving. That would also mean, there is also more electricity usage just for it. That is why you have to make sure that you seal leaks on your windows and doors.