Why it is essential to plan a home purchase? Home is one among the biggest personal purchases one makes in a lifetime. Hence it is only prudent to plan it immaculately before committing any cost. Why immaculate planning is necessary? Because we are dealing with a lot of money here. In this article we will discuss how a common man can plan a home purchase. But before we go into the details, it is essential to remember a basic concept first. “We cannot overspend on anything.” Let it be grocery purchase, clothes, gadgets, education, healthcare, or home, we cannot afford to overspend . Overspending is a curse that puts our financial position in jeopardy. Hence, it is essential to engrave in our mind that, just for the purpose making ourselves feel better, we cannot overspend. So now, lets see the rules using which one can effectively plan a home purchase. #Rule-1. Never overspend on home. What is overspending? Suppose my monthly budget ...
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