Setting aside money from salary
You can allocate part of the net salary earned to a special savings account for house down payments.
For example, currently getting a monthly salary of IDR 4 million, then around IDR 2 million can be set aside as savings for a down payment.
Eliminate Unnecessary Bills
One of the best ways to increase the amount of money you have in your savings account is to eliminate unnecessary bills.
For example, by eliminating cable TV bills, not eating out too often, not using a gym membership, or making cuts to your monthly shopping bill.
You can put the saved amount into a savings plan for a down payment on a house.
Saving Bonus Or Extra Money
Every time you get additional sustenance, be it a bonus from the company, THR, annual bonus, or something else.
Immediately put some of these funds into a savings account.
This method will make it easier for you to collect a down payment on a house.
Selling Anything Not Used
Next you need to sell something you currently have that you no longer need in order to increase your savings.
Whether it’s selling used clothes, used electronic equipment, or other valuables.
Don’t Just Save, You Need to Invest!
Saving will not make the money saved increase in value, so you need to invest.
By investing the funds you have the potential to grow in value in the future.
In relation to collecting a down payment on a house, you must choose a safe and reliable investment product.
Don’t let the funds that have been collected run out of nothing because you made a mistake in deciding on an investment product.
One way that can be done is to invest in profitable instruments.
Isn’t investing full of risk?
Isn’t it dangerous?
All investments have their respective risks, you are obliged to choose investments with minimal risk.
If you are a beginner, you can start funding at KoinP2P from KoinWorks to learn fundamentally about investing because the principles are the same.
In funding, you will also get effective returns of up to 18% per year, with capital starting from IDR 100,000.