Buying a home is something which many people look forward to for a very long time, the journey can be difficult and getting caught out in the rent trap is something that happens to many. With this being said, if you are smart with your savings and stay focussed on what it is that you are after, you can get yourself on the property ladder in no time at all.
I didn’t buy my first home until I was 26 years old and it was difficult for many years to get myself into a position to be able to afford it. I made some mistakes along the way to buying my first home and so I wanted to write a little about some key considerations which you are going to have to make once you have decided that buying a home is something that you want to do.
Most people are going to rely on a mortgage to buy their first home and it is best that you lay down as much as you can on the mortgage by way of deposit. In order to ascertain how much you are able to invest in your property, you need to make sure that you are smart with your budgeting.
It is important to remember just how many costs are involved in buying a home, aside from the value of the property itself. You will need to pay for searches before buying, you will need money for solicitors and the necessary conveyancing which allows you to complete the purchase as well as having money put aside for furniture and decorations within the home. It is also important that you make a smart decision regarding how much you borrow as your monthly costs will increase once you are in the home, taking all of this into consideration is essential if you are planning on buying a house.
It can be easy to be blinded by beauty when you are searching for a property but you should sit down and make a list of exactly what it is that you are looking for in a property. Large properties require more maintenance and more furniture and they could also present more problems. Make sure that you understand that getting that dream house will not happen first time and your first house should be one which serves your needs and acts as a stepping stone to the next house, it is called the property ladder for a reason and this initial house is just the first rung of the ladder.
It is important that you are buying a property at the right time and in the right place and you should make efforts to ensure that you understand where the property market is at the time of buying. If you are buying at the high end of the market then you could face negative equity issues further on down the line, unless you are in a rush you should be smart and be patient.
Have you heard about the latest app that helps you save money on the things you buy every day? You can download it onto your smartphone and claim cashback on most things from getting those new shoes to buying vegetables at the supermarket. If you haven’t heard of it, you will soon as it’s quickly becoming one of the most popular apps for saving money. The name of this app is Saivian and after downloading it and subscribing to their monthly fee, you can start to get 20% cashback on everything that you buy. This article is here to describe the essentials about what this app is and how you can save money with it.
What is Saivian?
The company wants to collect information about the shopping habits of customers in a variety of stores across the world. So, they collect receipts from shoppers and pass that information on to marketing companies. In return for your receipt, you’ll get a 20% refund onto your credit card for the total cost on each one that you give them. In a nutshell, Saivian is buying the data from your shopping habits and rewards you by giving cashback.
How Does Saivian Work?
There are a few things that any potential Saivian user needs to be aware of in regards to using this app. This information is critical to see if this app is right for you. Consider these carefully before downloading or completely disregarding Saivian:
- You have to pay a $125 monthly membership fee, which means you start to make a profit on expenditure over $625
- You need to pay and can only get cashback for the months that you’re a member
- The app allows you to select up to 10 stores each month that includes restaurants, hotels, and online shopping.
- You can make savings on almost any purchase that you make in the stores you select ranging from groceries to gas or flights.
- You have to use a credit/debit card to make the purchases. The last four digits on the receipt need to match the card you upload onto the app.
- If you want to spread the love for Saivian, they have a very attractive referral program.
Each of these is an important point to consider before signing up and using their app. Although the initial membership fee may appear high, if you do the maths, you’ll start to save more than the membership fee if you spend, on average, more than $22 each day. So, if you do feel as though you spend quite a lot each month, this app may be a dream come true to help you start saving a little extra from your normal shopping habits. This is particularly the case for people who are living in the larger, more expensive cities and for those with families.
The Takeaway Message:
Saivian is becoming a popular app to help people save money. It has a steep monthly membership fee, but if you spend more than a certain amount, on average each month, you’ll start to make savings. Consider the points carefully to see if this is something for you.