Even with affordable prices, buying your first home can be a bit of a stretch. Most people find the biggest hurdle is trying to save money for the down payment. While savings can be a bit challenging, it's certainly possible if you take it one step at a time.

First, open up a savings account and delegate it strictly as funds for your future down payment.

Next, create a savings plan. Sit down and calculate just how much you can afford to save from each pay check. Even if it's only a minimum amount at first ? say $50 ? those savings add up quickly. Once you start saving, you may get excited about finding other ways to add to your account.

Look carefully at your debts. This is the time to focus on paying down all of your bills, especially any high interest credit cards. Look for some low (or even 0%) interest rates. Transfer your debt to the low interest loans. Make sure that you use the low interest to pay off your loans, not increase your debt.

Take advantage of any work related investment plans. Lots of employers have retirement plans that include matching funds from the employer. Some of these plans even allow you to borrow from the plan for home purchase without being charged a penalty.

Do you have anyone willing to help you with a down payment? You may be surprised by the amount of people that receive down payments from relatives. Family members are often willing to help you realize your dream, especially with down payments being so low with some of the government programs.

Are there any short-term changes that you can make to your lifestyle? Maybe you have some property that you could sell and put the proceeds into savings (an extra car, boat, or camper). Maybe you can take an extra job on weekends or evenings and save that income.

While it's a bit of a challenge to save for a new home, it's well worth the effort. Before long you'll be living in your own home, and your investment will grow. You'll be building wealth and financial security for your future ? truly the great American dream.