9x husband and wife smart financial management: Eligible to still buy a house with 50% installment to save money for investment

Starting from a salaryman, since deciding to start a family, Nguyen Trong Trung has been predestined with financial and investment management plans. After many years of trying, confident in their financial management and calculated investment projects, Trung and his wife decided to buy 50% of the value of a 103m2 apartment with 3 spacious bedrooms in installments. .

Learn how to manage finances smartly to prepare for marriage

Before planning to get married, Mr. Nguyen Trong Trung (born in 1991) like many other young people, spent quite comfortably, not paying much attention to financial plans. With a stable but not too high income of an office worker, Trung soon realized that he hardly accumulated much. Therefore, as soon as he intended to get married, he boldly signed up to participate in the science of personal financial management from basic to advanced.

“Thanks to seriously participating in those courses, I have a clear direction on how to use money in the short, medium and long term. Those rules were applied by me even before and after marriage. The couple’s income will be divided into three main accounts: a spending account, an emergency account and an investment account,” Trung said.

9x husband and wife smart financial management: Eligible to still buy a house with 50% installment to save money for investment - Photo 1.

Trung especially shared details about how he and his wife divide and use 3 main types of accounts:

Spending account: Every month, a fixed amount will be deducted to spend on basic monthly activities (meals, transportation, vehicles, electricity and water, living expenses, …)

Emergency account: This is an account to use in case of an emergency (Illness, job loss, etc.). This account is almost sealed and used only in case of real need, usually equal to 6-12 times the monthly spending.

Investment – accumulation account: Trung and his wife both agree to divide equally into short-term, medium-term and long-term accounts for easy tracking.

In order to have financial abundance and buy a house, the 9x husband and wife are aware that: not only need to manage a stable income, but also have to learn to invest and boldly invest in each field from small to large. have a chance to break through. Therefore, starting from the spending on investment-accumulation, Mr. Trung boldly researched investment in fields from small to large.

“I myself am not a veteran investor or have too much experience, so I do my own research and patiently go step by step, making a clear plan for short-term investment and long-term investment. term,” shared Trung.

“In terms of short-term plans, I set aside a small amount to invest in myself such as taking courses on finance and investment. Regardless of the stage, I personally believe that investing in yourself is the foundation of any other investment field.

Unlike the orientation of many people, Mr. Trung identifies real estate as the main and long-term investment channel. “Because my capital is not much, I choose to invest in real estate far away such as suburban areas, provincial real estate… These real estates must have clear legal status, avoid ambiguity, buy outright. sell paragraphs or buy and sell by handwritten papers. With these real estate channels, the profitable period must be 3-5 years or even longer, so it is necessary to invest time and effort to find out before putting down money, not in a hurry, not listening to information from one side. I said.

In addition, thanks to many acquaintances in the fields of IT, AI, etc., Trung also boldly invests in start-ups as a partner. “As with any investment channel, we should take the time to understand clearly that we should not invest according to emotions, according to other people’s words. Investing is a long process and can’t be burned, can’t be rushed, keep a cool head,” Trung shared.

Buy a house on installments, save money for investment

Thanks to the smart and detailed financial management plans and the prosperous investment profits, Trung and his wife can afford to buy their own apartment. However, both decided to buy a house on installments.

“Part of it is that we want to buy a really satisfying apartment. Both husband and wife have many friends and also want a spacious house to welcome their parents,” Trung said. “If you wait until you have enough money to buy an apartment you like, it is difficult to choose a project or apartment that you like because now the price of real estate near the center is getting higher and higher and projects to There’s not much to choose from.”

But most of all, he sees the potential of investments instead of putting all his savings to buy a house: “If all the money is used to buy a house, the investments will have to be collected, an additional source of income. That’s why it’s down now,” he said.

When deciding to buy a house, the couple also decided to withdraw capital from long-term real estate investments as well as borrow a small part from family and friends to have a reciprocal portion of 50%. The remaining 50% is borrowed from the bank.

“After buying and completing the apartment, we built a clear repayment process. At this time, paying off debt is made the number one priority. Spending habits have changed quite clearly. First of all, products such as designer clothes and bags are minimized, domestic and foreign travel in “luxury” locations is also limited to save money for early repayment of loans. When looking back at the consumer account, if the balance is left over, it will be transferred to the savings account to pay off the debt before maturity,” Trung shared.

The 9x husband and wife manage their finances smartly: Eligible to still buy a house with 50% installment to save money for investment - Photo 2.

Anh Trung and his wife on their travels

Previously, the couple was also passionate about food as well as wandering the streets. So they both go out to eat out as well as coffee 4-5 times a week. But after buying a house, these amounts are reduced to 1-2 times in the next month.

If you like to eat something, you can buy it yourself and cook it at home. Part of it is to save money, and the other part is that after investing in a fully-equipped kitchen, he and his wife also want to cook to bond emotionally.

However, Mr. Trung does not let the debt affect the family’s standard of living. “I have always determined: not squandering but not living on austerity. Therefore, every time I reach the repayment milestones, for example, paying 100-200 million in advance, I reward my family with gifts to acknowledge my efforts. But more importantly, we not only save the available money, but also develop our investments more and more, “said Trung.

Dream house

Trung’s house is 103m2, including 1 living room, 1 kitchen and 3 bedrooms with 3 bathrooms, very spacious and comfortable. The apartment is so spacious that every time friends or relatives visit, they can sleep over.

The apartment completely matches the criteria we set, so the price is up to more than 4.5 billion, excluding furniture, equivalent to a house on the ground, but we still decided to choose, “said Trung. again.

He also shared that when buying an apartment, he carefully researched factors such as: location of the project, investor, utilities around the project and then the utility of the apartment. “My apartment will be fixed for a long time 5-10 years or even longer, so it is necessary to have a long-term view to make it convenient for both husband and wife to go to work, convenient transportation. connected with markets, hospitals and schools at all levels so that later they don’t have to worry about their children’s education,” he said.

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The house when viewed from the door

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The living room is decorated with a swallow’s nest motif to bring a cozy feeling

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Elegant design but not fussy

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Display corner of family collectibles

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Fully equipped kitchen

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The bedroom is designed in white-brown tones combined with thin curtains to take advantage of natural light.

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Another bedroom with warmer tones.

The repayment period for the house is 5 years, but with a methodical spending plan and good signs in investment, the 9x couple is expected to completely pay off the debt ahead of time.

Photo: NVCC

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