How to buy & keep your own home

How many times have we all heard that the great Aussie dream is to own your own home?

Over the past 60+ years, since the end of the Second World War, home ownership has been hailed as the best way to keep Australia safe; by owning your own piece of the country.

Unfortunately in today’s credit-driven society the purchase of a home has been put on the back burner for many people. Too often we hear stories of people who would like to buy, but can’t afford the price.

Buying your own home has always been affordable for those who are able to curb the desire to over-spend and who set their goals early before working towards the end result. Of course, managing your money realistically has a lot to do with attaining the outcome.

I get a little surprised however, by the young folk of today that live with their parents for 25+ years. They have a good income yet pay no living costs and don’t have any money saved towards a deposit for a home. It makes me wonder what on earth they spend all their money on.

Sadly, for some people the only hope of owning a home will depend on an inheritance from the generosity of their parents.

It makes me curious to know if they’ll continue to live in the family home until that time.

If you really want to buy and then keep your own home then the first thing to do when getting started is to organise a budget. But you knew I was going to say that, didn’t you?

 

©  Carmel McCartin – Budget Bitch 

And don’t forget – (The views expressed in this blog are the personal opinions of the author. Don’t rely on them to make financial decisions; you have to make up your own mind. If you don’t like the content – then either stop reading or send me an email)

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