How Much Savings Should I Have After Buying a House?
You need to have your ducks in a row to buy a house, which usually means you need some savings for the down payment. Many people stop saving after they buy, but saving money should be a lifelong process or a practice that lasts up to retirement. You don’t necessarily need savings immediately after purchasing a home. How much you should have in savings or whether you have any savings at all depends on your overall financial picture.