How to Buy a 2 BHK in Electronic City on a Single Income?
When it comes to buying a 2 BHK in Electronic City , there is nothing better than availing a home loan. However, people who have a single income source may not find it comfortable to make such a big financial commitment. But does that mean they cannot fulfil their desire to buy their dream home? The answer is no. Systematically planning out the entire process can make it possible for any individual with a single income to achieve this feat. Keep reading to learn how. 5 Steps to Buy a Home on a Single Income Here are the steps you can follow to buy a home with a single income: Analyse Your Monthly Expenses To understand how much EMI you can pay without straining your budget, you need to analyse your monthly expenses. An effective way of doing so is listing down all your spending within a month and categorising them as per their priority. This also helps you cut down unnecessary expenses, leaving aside more cash for either paying the loan or catering to your home requirement...