You may now be looking to move from renting to buying your first home. You need to save for the deposit and furnishings, and you will need to budget for the mortgage repayments and other household expenses (e.g. insurance, property related tax, repairs and utility bills that are an inevitable part of home ownership).
This is often the most difficult financial period. Budgets are tight, as the mortgage/rent repayments account for a large proportion of disposable income. It is important to prepare detailed budgets, which should always include an amount for contingencies for unexpected or one-off expenditure.