Remember when a 20% down payment was expected when purchasing a house. Sometimes with stellar credit and maybe a special situation, like a first-time home buyer, you could get in with a 10% down payment. I recall a few weeks after my wife and I purchased our first home – both cars broke down. Saving for your first home is one of the few times, from a financial perspective, that both husband and wife are clearly on the same page. Everything takes a back seat to saving for that down payment – shoe shopping, night out with the boys, everything. That’s exactly why both of our cars broke down.  We had neglected maintaining the cars and everything else while saving for our down payment.Â
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