- Big ticket items
- Unfortunately this means no fancy vacations abroad.
- If you can put off buying that new car, do it.
- The more sacrifices you make, the sooner you'll be able to afford your first home.
- Ordering food every day
- Eating out or ordering take-out can add up to more than $1,000 a month
- Try to prepare food in advance to bring to work.
- However, treat yourself to the occasional meal out.
- Excessive bar tabs
- Just like ordering food, the occasional happy hour or night out is fine.
- However, skipping drinks can save hundreds of dollars a month to put towards your first home.
- Let's face it, one drink usually leads to two or three or four...
- Trying to show up your friends
- As temping as is can be, there's no point in trying to keep up with the Joneses.
- Trying to live up to others' standards, is appealing, but expensive.
- If you stop choosing what you wear and buy based on what your friends have, chances are you'll be able to buy your first home sooner.
Source: http://www.cnbc.com/
