Having a
less income is a common reason that people give for not being able to
buy a home. But in reality it is not the actual valid reason that
many people give. Not to have a balance in income, expenses and
savings is the main cause for it.
My name is
darmendra chaudhary and my monthly income is 30 thousand. I want to
buy 1 BHK flat and my budget is 20 lack. I have no saving to pay the
down payment.
Now.. My
1st question is
How to plan
the savings to arrange the down payment for buying the home?
My 2nd
question
Where
should i invest to get the maximum return?
Answer
To
accumulate the fund to buy a home, first make a budget of your income
and expenses and cut back your extra expenditure. Then decide on a
financial goal and start a regular investment. Take a calculated
risk in investment. Invest in PPF, FD, Equity and Mutual Fund for
more returns.
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