Investing for a home is extra appealing for this group. But it isn’t just about saving for a home. It means more than that.
Credit card loans should be placed under control with the ultimate objective of eliminating them. This is the start of wealth building.
While waiting for the right home to buy, the savings can be placed in savings plans that invest in equity funds. This can be helpful if the waiting time is expected to extend to more than five years, where the investments in equity funds can perform well and give a fair investment returns.
Since this age group is relatively young, focus on the investment goals is needed for this strategy to succeed.