Saving money for a house is not an easy task. Especially in today's economy, with rising housing prices and record low interest rates. It can seem almost impossible for the average person to accumulate enough money to purchase a home. But it can be done, if you're willing to make some smart financial decisions. At the end of 2020, the average person's dollar went half as far as it did at the beginning of the year. This means that saving money for a house needs to be more aggressive and concentrated than before. Here are a few recommendations for those looking to save money and buy a house in 2021. First, make sure to reduce any extra expenses that can eat away at your savings. Review your budget to identify non-essential spends and prune them. Then look at how you can rearrange your debt payments – consider consolidating debt into one loan with a better rate of interest. This will reduce your monthly debt burden and allow you to focus more money on home savings. Second, make sure to take advantage of any low-cost or no-cost money-saving strategies such as automated investments and savings accounts. By setting aside money in an automatically deducted account, you are practically forcing yourself to save. Doing this regularly will add up to a sizable chunk of money that you can apply to a deposit on a home. Finally, look at alternative options to increase your income. Can you take on another job or freelance? Can you start a side business? Potential money made from extra income can be allocated toward home savings. Saving money to buy a house may seem daunting given the current environment, however, if you are willing to plan carefully, make smart financial decisions, and look for extra income opportunities, you may be able to reach your goal of homeownership in 2021.