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How much should I save each month to purchase a house in five years?
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The answer to this question depends on a variety of factors, such as the size and location of the house you want to purchase, the current market conditions, and your current income and savings. It's generally recommended to save at least 20% of your income each month for long-term goals like purchasing a house. At a minimum, you should aim to save enough to make a 20% down payment on a house in five years. It would be wise to meet with a financial planner to discuss your savings goals and come up with a plan for achieving them.