The large purchases such as your first house can be made successfully only if you start planning it in advance. However, for everyone, managing all expenses and saving a decent amount of money to fund the house is not possible. Here are some tips from Justin Urbas for creation of a fund to purchase the first home.
Save at least 10% of your earnings each month: If you have determined to purchase own home, start saving now. Initially, you should try to save at least 10% of the earnings of each month. The amount might look small during first few days. But, if you can continue it for long time, a significant portion of the fund can be made using...