Age should not hinder someone's dream of owning a house. Even though you are young and part of the millennial generation or Gen Z, you can still buy the house you dream of. The way to do this is by making an effort to save. Of course, saving should be in accordance with sharia principles.
Young Age Does Not Matter: How to Save with Jago Syariah to Buy a House
Through the savings features available in the Jago application, it will be easier for you to choose what is most suitable for you and achieve your dream of owning a house at a young age.
1. Open a Wadiah savings account using the Jago Syariah Saving Pocket
The best way to save to buy a house is to open a separate savings account. With a separate account, money will not be used for expenses or other needs.
It's important to remember, apart from the down payment on your house, you also need to save for house renovation costs or house construction costs (depending on the type of house you buy - for example whether it is still half-finished or just land), document and notary fees, taxes, and so on.
By having a Jago Syariah account, you can have multiple accounts or savings by creating them in the Jago application. Create several Saving Pockets to separate your house down payment funds, house renovation funds, and other needs related to purchasing a house.
Saving money in the Jago Syariah Saving Pocket is more blissful as it uses interest-free Wadiah akad according to sharia principles.
2. Move savings to the Sharia Deposit to get profit sharing
Once you have accumulated enough savings to buy a house, you can move it to the Sharia Deposit. You will get profit sharing by saving in a Sharia Deposit. Why do you get profit sharing? Because the Sharia Deposit uses Mudharabah Muthlaqah akad in accordance with sharia.
Just like the Saving Pocket, you can open more than one Sharia Deposit. The process of opening a Sharia Deposit is fast and easy because it is done directly through the Jago application.
3. You can also invest some of your savings in sharia mutual funds in Bibit
Not only saving in the Sharia Deposit, you can also invest some of the savings you have accumulated in mutual funds to get returns. With Bibit, you can choose sharia mutual fund products.
There should be no hassle in investing in sharia mutual funds with Bibit. You can do this from Jago Syariah. So, there's no need to change applications. Make sure you have a Jago Syariah account and a Bibit account as well so you can link the two.
Saving Tips to Buy a House Quickly for Millennial Generation and Gen Z
From the three options above, which ones will you choose? Whatever your choice, there are several tips for those of you who are planning to start saving to buy a house.
1. Do automatic budgeting so that your savings for buying a house increase regularly
After creating a Jago Syariah Saving Pocket, you can start saving money. To be able to own a house at a young age, you have to save consistently. The automatic saving feature available in your Saving Pocket makes it easy for you not to skip saving. In fact, you can also set a savings target.
2. Select to auto-renew your Sharia Deposit
As long as you are still saving money to buy your dream house, you can continue to automatically auto-renew your Sharia Deposit. When creating a Sharia Deposit via the Jago application, you can select the automatic renewal (ARO) option. Not only the principal balance, but the profit sharing is also auto-renew so that you enjoy what is called a compound effect when your Sharia Deposit finally matures.
3. Monitor your Bibit investment and top up as needed via the Jago application
Taking advantage of the power of the Jago digital ecosystem, you can monitor the progress of sharia mutual fund investments in Bibit via the Jago application. Apart from that, you can also top up without administration fees. You can enjoy all the benefits after linking your Jago Syariah account and Bibit account. The Bibit investment Pocket will appear in the Jago application.
So, are you now sure that at a young age you can buy a house? Always be ahead in saving and managing finances according to sharia with Jago Syariah. Not only for the financial goal of buying a house, but also for all other financial goals.
