Financial Decisions before buying a home

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Financial Decisions before buying a home
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Deciding on whether to buy a home or keep renting?

• Understanding the pros and cons of both and with
  the proper analysis of the factors, you make a
  decision whether to buy a home or keep on living
  at a rented home
• Buying or renting can be a very crucial decision
  to make and thus the factors should be analyzed
  properly

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Get insured
Carry out the process of Insurance Never stop
with just the life insurance as most people are
just limited to the Life Insurance Go with the
term Insurance Take various kinds of Insurance
as it helps in the process of saving tax and also
offers several deductions
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Emergency Fund
Set Emergency fund aside Set aside a portion of
money during the Emergency You should set aside
a portion of money (around 3 to 6 months of your
expenditure) in a separate emergency fund
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Career Choice
In order to get properly adjusted to the
lifestyle you need to get the proper career By
the age of 30, you are required to perfectly make
a career choice and for this purpose if you are
not satisfied with the job, start soul
search Make yourself perfectly set with the
career of your choice and then try to take a loan

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Investing in yourself
There are always two ways for the increase in
savings One is the increase in the savings by
reducing your expenses and the other is the
increase in the salary Always remember that the
second option is the best one. Try to invest in
order to earn more
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Right time for investment
Its the timing of the buying process, which
decides when to buy your home Deciding on the
best time is what is needed before buying home
Right investment at the right time is the best
decision, which a person can make
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