Millennials, Here Are the Tips on Buying a House, But Still Can Saving

TRIBUNBATAM.id - Nearly half of the millennial generation who feel stressed after buying a house.

The thing that makes stress after buying a house is the difficulty of achieving financial goals. For example, worries are still able to save money to pay for children's school fees. 

For millennials, paying children's school fees is a top priority. Quoting from CNBC, Tuesday (11/05/2019), 59 percent of millennial generation in the United States said that they postpone retirement savings to cover the higher education needs of their children. Unfortunately, the cost of home ownership does not make this goal easier.

If you follow the savings education plan, it will automatically become a form of debt that you must pay in installments every month. 

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It's no wonder that the impact of buying a house or repaying a house will affect your long-term financial goals in terms of your finances.

Therefore from that, need surefire ways so that buying a home does not become a form of threat to you in the future. In other words, try to control the amount of your purchases and expenses.

Here are three tips for buying a home without spending your budget: 

1. Consider the location

When deciding to choose a house, the important thing is the nominal of your annual salary that must be adjusted to your daily needs. Having a family, certainly requires no small cost.  

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Choose locations that are a little far from urban areas, but access such as hospitals, transportation, and schools are available not far from your area. Next, consider buying a subsidized house from the government or housing that provides cost relief. 

2. Provide a high initial payment amount

Buying a house through a Housing Loan (KPR) is generally done by the current millennial generation. However, to reduce your burden on an annual basis, it's a good idea to increase the value of your initial payment. 

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Therefore, prepare yourself financially by first saving to maximize initial payment.

Thus, in the process of payment of installments, interest, taxes, etc. does not affect your future savings. 

3. Invest your home