#how to save for a down payment

[icewindandboringhorror]

(also feel free in the tags to clarify Why you made the choice you made!! :0c)

[realestateinvesting001]

How to Finance Your First Rental Property: Step-by-Step Guide for Beginners

Investing in real estate is one of the best ways to build wealth 💰, but if you’re new to it, financing your first rental property 🏠 can feel like a daunting task 😨. Don’t worry! I’ve got you covered with this step-by-step guide 📋 that will walk you through everything you need to know to secure the funding 💵 you need to get started. Whether you’re working on saving for a down payment or comparing…

[lazylittledragon]

domesticating your vampire: a memoir

(beautiful high res version on patre0n)

[rubenesque-as-fuck]

My job has been emotionally edging me for the last month with this goddamned raise request.

[liiizzard]

low key having a crisis over finances right now actually

[depresseddepot]

started planning out an actual real budget to see what sort of housing I could afford if I lived alone and it is. not great !

[dreamlogic]

in boring adult annoyances, i recently converted my checking account to a different type of checking account with the same credit union. i've done this a couple times over the years cuz it's the same checking account my dad helped me set up when i was 13 and this CU is still my primary financial institution. asked the banker

"will my account number remain the same?"

"yes, we're just converting it to a different type of the same account!"

"so my direct deposit and autopays won't be impacted?"

"correct!"

"and i can still use the same debit card i've been using for the last ~6 years!"

"absolutely!"

"great, let's do it."

fast forward to this week, when three of my autopay bills bounced, my debit card isn't working, and a closer look at my account number shows a 1-digit change at the end. go back to the same branch like "hey no offense but what the fuck??"

different banker takes a look at my accounts, makes a Face, and politely casually asks "so where did you go to make the switch? :)"

"here, this branch. that person over there was actually the one who helped me."

The Face intensifies. ".....Ah. I See. well, it looks like the way the changes were made may have Disrupted some things. you're gonna need a new debit card, etc, i'll get that printed for you ASAP."

[5 minutes later the banker who fucked up the first transaction sheepishly approaches me to hand over my new debit card & apologize profusely.]

[tittyinfinity]

My mother confuses the fuck out of me

[kakashihasibs]

My dad is starting a business which is fine and has potential but he just went 30,000 into debt for a work truck and I'm

[nabsthevulture]

ALSO OMG?????

Thank you guys so so so much for your help with Kaine's vet bills <3!!!!!!!!!!! We're about halfway there for covering it all. Like you guys know, I've been unemployed for a while and even at my last job with the hours i was getting I would have to pay with three weeks of pay. The job search is not going as good as I hope, so this all went on my credit card and I can't keep piling money on that with no back up plan, so your help is incredible and I can't thank you guys enough.

Big big love from me and my big baby. If he could type I'm sure he'd say thank you too. I'll post a picture of him in his donut for your viewing pleasure.

[hotchocolateandpillowforts]

Between a giant car repair in January, my depression and anxiety coming for me like it's their job, being a part of an inventory team that goes around doing them once a week at different stores, starting a class, my migraines getting worse lately, AND the fact that my car now needs an even bigger repair in April? I feel like 2024 is out to get me.

I don't know what the fuck I did in a past life to gain its ire but I'm so fucking done right now.

[raeathnos]

.

[anadorablekiwi]

Nightly existential despair has hit because i live in a broken world where the only job i can emotionally handle is part time produce clerk and my current income is so low i dont have to make student loan payments yet

[nirajnanal]

 Step-by-Step Financial Plan to Buy a Home in a Metro City

1. Define Your Budget

Research Property Prices in your target metro city (e.g., Mumbai, Delhi, Bangalore, Pune).

Account for all costs, not just the property price:

Registration + Stamp Duty (5–8%)

Brokerage

Home loan processing fee

Interiors / furniture

Moving costs

Example: For a ₹1 Cr flat, actual total cost can go up to ₹1.1–1.2 Cr.

2. Check Your Affordability

Use the 28/36 rule:

Max 28% of your gross income should go to home loan EMI.

Total EMIs (home + other loans) should not exceed 36%.

Example: If your monthly salary is ₹1,50,000 → safe EMI: ₹42,000

3. Check Loan Eligibility

Banks usually fund up to 75–90% of property cost.

You need to arrange 10–25% down payment + extra charges.

For ₹1 Cr property: Down payment of ₹20–25 lakh

4. Start Saving for Down Payment

Set a target and timeline (e.g., ₹25L in 3 years → ~₹70,000/month)

Use a mix of:

SIPs in Mutual Funds (for returns)

RD/FD (for safety near goal time)

Avoid risky investments like crypto or stocks if goal is short term

5. Build Emergency Fund

Keep 6 months of expenses aside even after you buy.

Owning a home comes with new expenses (repairs, maintenance, society charges).

6. Improve Your Credit Score

A 750+ CIBIL score ensures better interest rates.

Pay EMIs, credit cards on time; avoid multiple loans or credit inquiries.

7. Factor in Additional Costs

Monthly EMI

Society maintenance

Property tax

Utility bills (especially if bigger space or gated complex)

8. Compare Loan Options

Look for:

Lowest interest rate (check both public and private banks)

Tenure flexibility (longer = lower EMI, more interest paid)

Prepayment/foreclosure charges

Use home loan calculators on bank websites

9. Consider Joint Ownership

If you’re married, both incomes can be used for higher loan eligibility.

Both partners can also get tax benefits under 80C and 24(b).

10. Tax Planning

Home loan gives tax deductions:

Up to ₹1.5L under Sec 80C (principal)

Up to ₹2L under Sec 24 (interest)

First-time homebuyers may get additional benefits under Section 80EE/EEA

Tip: Should You Rent or Buy?

Calculate Rent vs Buy over 10–15 years.

In many metros, renting is cheaper in short-term, but owning builds equity long-term.

Would you like me to create a custom financial plan based on your income, city, and budget? Just share a few details or directly connect with us.

Your monthly income

Target city (e.g., Mumbai, Bangalore)

Timeline to buy (e.g., 3 years)

Current savings (if any)

[dailyfinancial]

Dreaming of a Home? How to Save ₹20 Lakh for Your Dream Home Without Sacrificing Your Lifestyle

“Dreaming of a home in India? Discover how a savings plan can make it possible! Learn expert tips, government schemes, and smart strategies to save for your dream home in 2023. Start your journey to homeownership today with our step-by-step guide!” Homeownership has always held a special place in Indian culture. It’s not just about having a roof over your head—it’s about creating a legacy for…

[realestateinvesting001]

🏡 Real Estate for Beginners: Simple Steps to Start Building Wealth 💰

Starting in real estate might feel intimidating, but guess what? You’ve got this! 🙌 Whether you’re dreaming of buying your first home or investing in rental properties, this guide will help you take your first steps toward building wealth through real estate. Let’s dive in! 🚀 🌟 Why Real Estate is a Game-Changer Real estate is one of the most reliable ways to grow your wealth. Here’s why: 💵…