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 house. Forecast your expenses out for a time period you feel is appropriate. This time frame will vary based on your goals, cash flow, and other circumstances. If a PCS move is in your future, consider what your immediate needs are as well as what you’ll need down the line. Review your progress once a month to see how well you’re doing.
Creating and following a budget is a great way to get started. See the topics Spending Smart
and Saving Money
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.