Being able to list out your expenses/purchases and saving money

Congratulations on deciding to save money! It is the most important thing in our everyday life and it is very important since you need to really dig down in your mind and realise what do you actually need and most important when do you need it.

I'll give you an example for me in my case. My number one item which I want to buy this year is a house. Very simple. Now you can always set yourself a dream target of what you want to buy and believe me that you will eventually get this item. No matter what it is!

Thankfully to having a job, I have an income therefore I can save my money!. The only problem is time!

How do I choose how long I want to wait for to buy this item. If it is for a house, ideally I would need approximately 10% of the cost of the house depending on where you live this will vary. In my case I will need approximately 20 to $40k in my pocket to be able to get a house on a home loan. To do this I am required to be saving up $8k a month!!! How do I do this when I do not even see this much money in 2 months!!

Maybe delaying the purchase of the house is the answer! but so is cutting down on A LOT of expenses on a lot of other things like mobile, going out, clubbing, drinking, whatever it is that you do, etc.

Please comment below on what you would like to buy at the end of the year and when do you actually dream to have it.