Decide what you need in a home. Consider square footage, number of bedrooms and bathrooms, features like a garage or fenced yard, and neighborhood.
Create a strategy for saving the money you’ll need to buy a home. Plan ahead for the whole year. Review your progress once a month to see how well you’re doing.
If you have a family, the whole family is part of your financial picture. So get them involved in the planning process. Sit down as a family to discuss the goal of owning a home. By getting everyone working together toward the same goal, you can avoid conflicts about how money is being spent, and save the money you need even faster.
Tracking what you spend will help you stick to your financial strategy. Keep your record-keeping system as simple as possible so that it doesn’t take too much time.