Having your own dream house is a dream for many people, but with a salary of Rp3 million per month, it seems impossible, huh? Well, don’t give up, bud! Although the challenge is big, it doesn’t mean it’s impossible. With the right financial strategy, a little discipline, and smart saving tricks, you can still save for your dream home.

Relax, you don’t have to have billions in your account right away. The key is in managing your money, looking for additional income opportunities, and taking advantage of programs that can make the process of buying a house lighter. So, how do you make a salary of Rp3 million and still have enough money to live on but still be able to save for a down payment on a house? Let’s check out the tips below.

1. Reduce Unnecessary Expenses

Reducing unnecessary expenses is an important step to keep your Rp3 million monthly salary sufficient for your daily needs while saving for your dream home. One way is to re-evaluate your spending habits and eliminate non-essential expenses.

For example, if you have more than one entertainment app subscription, consider choosing the one you use most often or sharing an account with your family to save money. In addition, the habit of snacking out every day can also drain the wallet without realizing it. Try to reduce it by cooking at home.

Likewise, with the purchase of consumptive goods that are not urgent, you should postpone it if it is not the main need. Before buying something, ask yourself, “Do I really need this or just want it?” By applying the principle of “shopping based on needs, not wants”.

2. Apply the 50/30/20 Formula

The 50/30/20 formula is a simple method that can help you manage a salary of Rp3 million per month with more discipline. The principle is to divide income into three main categories. As much as 50% of the salary or Rp1,500,000 is used for basic needs, such as food, transportation, electricity, internet, and housing costs.

Then, 30% or around Rp 900,000 is allocated for wants, such as hanging out, streaming subscriptions, or shopping for items that are not urgent needs. However, if you want to accelerate home savings, this part can be reduced and diverted to savings.

The remaining 20% or around Rp600,000 is used for savings or investment. If possible, you can increase the savings portion to 30-40% by reducing entertainment expenses or other desires. By applying this formula, your finances can be more structured and the dream of owning a house can be achieved faster.

3. Find Additional Income

Relying on a salary of only Rp3 million may feel difficult to save for your dream home. Therefore, looking for additional income can be a solution so that you can still fulfill your daily needs while accelerating your house down payment savings. 

One of the ways you can try is freelancing, such as writing, graphic design, or video editing, which can be done in your spare time without disturbing your main job. In addition, you can also start a small business, such as selling online, becoming a reseller, or dropshipper that does not require large capital.

By having additional income of around Rp1-2 million per month, you can save faster without having to sacrifice basic needs. The most important thing is to be consistent and smart in managing your time so as not to be overwhelmed between your main job and side business.

4. Invest

Investing can be a more effective way than just saving money, especially if you want to collect down payment funds faster. With the right investment, the money you set aside can grow over time, so that the target of owning a house can be achieved faster.

Use 20% of your Rp3 million monthly salary to invest. If you want a more inflation-proof investment, precious metals (gold) can be an attractive option because their value tends to increase in the long run. There are several types of gold that can be invested such as physical gold and digital gold.

Also Read: Gold Bars vs. Digital Gold: Which is Better?

If you are interested to start investing easily and safely, digital gold can be the best choice! You can start investing in digital gold with a small capital through Treasury, a trusted gold investment platform that is practical and safe.

With gold prices continuing to rise, this investment can help you save up for your down payment faster. Let’s start investing in digital gold at Treasury now and realize your dream home!