How to budget for my first home purchase.
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As a 25-year-old woman with a ₹75,000 salary and almost no savings, what aggressive monthly savings plan and realistic timeline are required to accumulate the necessary down payment for a 2BHK home costing ₹75 lakh?
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You're right—an ambitious savings plan means setting aside a significant ₹20,000 to ₹25,000 each month. However, what really matters is that even though it may take 5 to 6 years to save up the ₹15 lakh for a down payment, the key to speeding up that process lies in significantly boosting your income and maintaining a tight grip on your spending.
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You make a valid point about the importance of increasing income. However, doesn’t aiming for an ambitious ₹25,000 in monthly savings seem daunting? Do you have any practical strategies that could help with this?