How To Save Money When Buying A New House?


Targeting a home purchase is very important. How to save money when buying a new house? This is a question that many people are trying to answer. Surely you, like many people, are always thinking of buying a home. The main challenge to achieve this goal, which many of us are involved in, is the high price of housing.

What Is The Solution To This Problem?

How to target and plan to buy a home? If you are planning to buy a house but do not have enough savings, you need to be a little patient and plan.

In this article, I want to talk a little bit about this and introduce you to practical ways to save money to buy a house. These are not overnight routes and require patience and follow-up.

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  • Do not waste your money simply:

Do not easily spend annual bonuses, winning a lottery, inheritance, or any other money you get. Look at money as capital, not as a source of spending. Invest in any extra or unforeseen money you get.

  • Do not borrow:

Sometimes you can not borrow money; For example, only millionaires can buy a new house without any installments, but there are millions of people who can do this just by getting a loan. It is generally best to avoid this; because paying the equivalent of the money you borrowed, plus the interest will increase.

  • Increase your income:

Targeting a home purchase requires a long-term investment and requires a lot of savings. Your income may not cover the savings you need to start investing. One way to solve this problem is to increase your income and have a part-time job. There are many ways to generate extra income that can be talked about for hours. Here are just a few.

The best and easiest way to make more money is to look at your own abilities and talents. Translation, content writing, marketing, typing, web design, painting, calligraphy, or any other job in which you are talented and interested can be another source of income for you.

  • Saving, a way to start investing:

There is no denying the fact that there are costs in the lives of all of us that, if eliminated, would not change our lives; the instantaneous and fleeting pleasures that many of us engage in and willingly or unwillingly spend part of our income on.

My suggestion is to keep track of your expenses so you can better understand how your money is spent. You can then avoid or at least reduce some unnecessary expenses.

  • Reduce unnecessary costs:

Can you change your internet from unlimited to limited consumption at a lower cost? Or disconnect your mobile internet package completely and use Wi-Fi only when you are at home and work? Use sports equipment in parks instead of expensive treadmills and gym equipment? No one likes to say this out loud, but most people have many ways to reduce or eliminate costs. This is not easy and you may feel short of it if you are thinking of saving and buying a house it is necessary to do these things.

  • Reducing energy consumption:

Another way to reduce costs and target buying a home and answer the question “How to save money when buying a new house?” is to reduce energy consumption and reduce costs. Using warm clothes in the cold season, using LED bulbs instead of old bulbs, and… ways to reduce energy consumption will ultimately benefit you.

  • Use a secret account!!

Another way to target home buying and planning is to use another bank account that you do not have much access to. You can deposit part of your salary and income to this account at the beginning of each month so that it is not available and not easily spent.

  • Try opening a retirement account:

When you are young, full of energy, and healthy, and do not think about your retirement; But as you get older, the only thing you care about is retirement. As you know, people are different; so it is wise to spend about 60 to 85% of your annual income in this period.

Investing, The Important Key

All of the above are ways to save money and start investing. But how and where should this investment is made?

Targeting a home is the first step in a long journey; the path that having the right investment can complete it. Here are some ways to invest:

  • Bank a way to invest in buying a home:

A bank deposit or bank loan is one of the ways to buy a house. In the past, the effect of these loans was much greater than now, but now these loans and deposits have become very ineffective.

  • Buying gold as a home buying investment:

Aiming to buy a home by buying gold? Buying gold is a good way to invest; an asset that will never lose its value. Buying gold is not a bad choice, but be patient, it may be a better choice!

  • Buy land or housing!

Buying a home or a house is a good investment, but if you have enough money to buy a house or land, you will not have to work hard to become a homeowner. I am talking more about small investments that should become significant in the future.

  • Stock exchanges and mutual funds A way to buy a home:

In the last 20 years, the best return on capital has belonged to the stock market. This difference may clearly indicate the best way to invest.

If you have saved some of your money and you have some leftover, you can invest it in the stock market to make more money. Before you start investing, you need to know that this is risky, so it is not a long-term way to save. In general, most people do not need to invest in the stock market to save some money for their retirement.

You may ask that the stock market does not need time, knowledge, and experience? That’s the right question. Making money from the stock market requires knowledge, experience, and a lot of time. Mutual funds may be better options.


In this article, we have tried to teach you ways to reduce costs, save, increase income, invest, and target home buying. In conclusion, I must point out that investing is not an easy task. Accepting a certain amount of risk, knowledge, and expertise, understanding the markets and enough time are serious investment challenges that you will definitely face.

Our suggestion to answer the question “How to save money when buying a new house?” Is the focus on targeting home purchases? Leave the investment to someone who has the expertise and experience to do so. To buy a home, set a goal, plan and reach your goal by investing.

“If you have any feedback about how to save money when buying a new house that you have tried out or any questions about the ones that I have recommended, please leave your comments below!”

NB: The purpose of this website is to provide a general understanding of personal finance, basic financial concepts, and information. It’s not intended to advise on tax, insurance, investment, or any product and service. Since each of us has our own unique situation, you should have all the appropriate information to understand and make the right decision to fit with your needs and your financial goals. I hope that you will succeed in building your financial future.