Having a comfortable house to live in is the dream of many people, including you. But, it's important to remember that there are a number of expenses to consider when wanting to own a house, besides the cost of buying the house itself. Especially for first-time home buyers, let's find out 4 important expenses to consider and how to be jago at starting to prepare for them from now on.
Prepare Money for These 4 Expenses When Considering Buying a House
1. Property taxes
Who, while still at university or just started to work, used to live in a boarding house? When renting a room in a boarding house, you don't have to pay for property taxes. You only need to pay the rental fees (maybe also the electricity bills, internet bills, etc. if they are excluded).
But, it's different when you already have your own house. As a home owner, you have the responsibility to pay property taxes every year. The rate depends on a number of variables, such as land area and building area.
2. Home decoration
You’ll want your house to be as comfortable as possible. As such, home decoration is needed, although it doesn't need to be fancy. You need, for example, to buy some furniture. For new homes, furniture that is necessary includes beds, wardrobes, tables, chairs and sofas.
Home decoration also depends on the size of the house. The bigger the house you buy, the more likely you will need more furniture.
3. Maintenance, repair and utilities
You may already have experience paying some, not all, utilities when renting a house or an apartment. For example, the cost of renting an apartment may include internet, but does not include electricity and water costs.
When you have your own house, you have to take into account various utilities and pay all the bills yourself. In addition to utilities, don't forget to factor in maintenance and repair costs.
For example, if your air conditioner or refrigerator suddenly stops working, you need to replace it immediately so you can sleep comfortably or so that the food in the refrigerator doesn't spoil. As for maintenance costs, they may include repainting most of the house and lawn mowing.
4. Insurance
As a home owner, it's a good idea to consider buying insurance to protect the asset. Depending on what you choose, insurance can cover loss or damage to your home, giving you a sense of security.
For example, in case of fire, insurance can cover the damage. Likewise, when a thief enters your house, insurance can provide the necessary protection.
Budgeting with the Jago Pocket
For all of the expenses above, it is best to start preparing them from now so you won't be overwhelmed when it is time to pay.
Allocation of money for each expense can be done practically and easily with the Jago Pocket. You can separate each expense into its own Pocket. In other words, for the four expenses above you can create 4 Pockets.
Each pocket can be named and given a visual according to your needs so you can easily monitor it. Once the Pocket is created, you can start preparing funds by saving monthly or according to the time of your choice.
Allocating funds is as easy as moving money from the Main Pocket or Pocket that is the main source of funds. If you want to be even more practical and also consistent in saving money, you can take advantage of the Auto-Budgeting feature to save automatically.
Each Pocket comes with a Pocket number (account number). As such, you don't have to move money to another Pocket when you have to make payments later.
Taking Advantage of the Power of the Jago Ecosystem
To maximize savings so you can pay for all the expenses that come with buying a house, you can also take advantage of the power of the Jago ecosystem.
Jago, which can be linked to Bibit and Stockbit, makes it easier for you to invest in mutual funds and invest in stocks.
With Jago and Bibit, investing in mutual funds can be faster and free of top-up fees. You can also monitor your investment portfolio on Bibit directly from Jago, so you don't have to switch applications. Investing in mutual funds regularly for maximum returns is easier with the Jago Autodebit feature.
Meanwhile, with Jago and Stockbit, you can have a Customer Fund Account (RDN) Pocket for your investment. The RDN Pocket can be created directly from Stockbit in just a matter of hours. Once created, the RDN Pocket will be the main source of funds when transacting in the capital market.
The return from your investment will go into the RDN Pocket. After that, you can transfer money to one of the Pockets that have been created to pay for the above expenses.
With careful planning and preparation, you will be ready to pay the various bills and expenses that come with having your dream house. Let's start saving in the Jago Pockets and maximize savings by taking advantage of the Jago ecosystem.
