Moving into a new home is exciting, but the expenses can add up quickly.
There are the obvious essentials like furniture and appliances, followed by the smaller things you didn’t realise you needed until you’re actually unpacking. A lamp for the empty corner, kitchen essentials, storage, cleaning supplies and those last-minute purchases can turn into a sizeable list.
The key is to plan these one-time expenses before you start buying. Here’s a simple way to do it, with Paytm Postpaid as a payment option for merchant payments.
1. Make a list of everything you need
Before shopping, walk through each room and make a basic checklist.
For the bedroom, you might need curtains, storage or a mattress. The kitchen could need utensils, containers and small appliances. The living room may need furniture, lighting or other essentials.
Once you have the list, divide it into:
- Must-have now: Things you need to make the home functional.
- Can wait: Items you can buy later.
- Nice to have: Decor and upgrades that aren’t essential immediately.
This makes it easier to see where your money needs to go first.
2. Set a budget for each category
Instead of having one large “new home” budget, break it down.
For example:
Furniture: ₹XX
Appliances: ₹XX
Kitchen essentials: ₹XX
Home supplies: ₹XX
Decor: ₹XX
Leave some room for unexpected purchases. When you’re setting up a home, there’s almost always something you didn’t account for.
3. Prioritise the expenses you need to make now
You don’t have to set up the entire home in one shopping trip.
Start with things that you’ll use every day. Once those are sorted, you can gradually add furniture, decor and other items.
This also helps spread out your spending instead of making several large purchases at once.
4. Have another payment option for planned purchases
Sometimes you know what you need to buy, but your bank balance isn’t enough to cover every expense at that moment.
Paytm Postpaid gives you access to a short-term credit limit that can be used for merchant payments and paid back later. It can be used at payment QR codes, including non-Paytm QR codes, as well as supported websites and apps.
So, for supported purchases while setting up your home, you can choose Paytm Postpaid as a payment option and manage the payment through your Paytm Postpaid bill.
5. Keep track of what you’ve already spent
One-time expenses can become difficult to track when you’re buying from multiple places.
Keep a simple running list of your purchases. This helps you see how much of your budget has already gone towards essentials and whether you can afford to add those extra items you’ve been eyeing.
If you use Paytm Postpaid, remember that it comes with a credit limit of up to ₹60,000 and a credit period of up to 45 days, depending on the applicable account terms.
Set up your home without losing track of your budget
A new home doesn’t have to be completed in one go. Make a list, prioritise what you need, set category-wise budgets and keep track of your spending.
And when you need another way to pay for supported merchant purchases, Paytm Postpaid gives you access to credit on Paytm UPI. Find Paytm Postpaid in the Paytm app today.
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