How does buying a home affect your finances? How can you best prepare for it? This is a huge topic, but we’re going to attempt to take it on as part of our Money Milestones series, which explores how a few big milestones in your life can really affect your finances. So far we’ve looked at wedding budgets, how to financially prepare for a baby, and how to pay for grad school.
This can be a tricky issue, and we’ve covered a lot of the hows in my last post on owning property (where we also discussed whether to buy a home when you’re still single), as well as in our discussion on where you live is one of the biggest money decisions you make. Some thoughts on how to prepare for and survive a home purchase: