| There are many major purchases we make in our | | | | • Once you are done with the purchase and |
| lives like buying a house or a car. It takes a lot of your | | | | initial payment its time to pay your balances each |
| money to actually make these major purchases. | | | | month. Commit yourself to saving a set of money for |
| A major purchase such as a house, car or any | | | | paying the balances on time every month. This will |
| household appliance can be a distressing hit to your | | | | ensure that you have enough money to make the |
| checkbook. This makes it very much important that | | | | purchase at the predetermined time. |
| we accordingly plan our budget and make a saving on | | | | • Always be deli gent and patience as your |
| our purchases. We have come up with number of tips | | | | savings will accumulate. |
| that can help you save a lot of your hard earned | | | | • You can also take some financial support |
| money. | | | | of your friends and relatives. |
| Tips that can help | | | | • It would be advisable to save more money |
| • Always identify on the purchase you would | | | | than you need rather than less. |
| want to make. | | | | Things you should avoid at the time of making major |
| • You can always get an estimation of what | | | | purchases |
| the purchase will cost by looking at similar projects. | | | | • Avoid putting your savings into risky |
| • Fix a day when you would want to make | | | | investment. It is quite possible that you might earn lots |
| that big purchase. | | | | of money initially but you could lose a lot of money |
| • Decide as to how much you are ready for | | | | later on. |
| the initial payment and how much you would finance. | | | | • Watch the price of the item you wish to |
| You can finance either on your credit card or through | | | | purchase. If it changes, you'll have to readjust your |
| the seller. | | | | savings date. |