Homeownership is a big deal and it took me a while to really understand the impact that it could have on me financially. The idea of owning a home was not foreign to me (My Parent's both owned their homes as I grew up) but I didn't know what I needed to do or that I should be jumping on this bandwagon. I am so glad that I did.
When I graduated from College I had been renting a room in a house with two good friends and I was ready to move from small-town Montana to the city! I made a huge leap of faith and landed in Phoenix, Arizona. Gratefully I had family there to stay with until I could find another room to rent. This is how I spent my early twenties. Renting a room in a shared home/apartment with friends. It was awesome I didn't have to worry about furniture, or air conditioners, or pipes breaking. I had a chance to really focus on my career and not worry about if I stayed late at work because I was surrounded by people that could help me with our home. What I didn't know was that I could have been smarter with what I did with my $650/month that I was paying in rent.