When purchasing a house, you need to have enough money so you can afford the down payment, closing costs and the monthly mortgage payments.  You need to take into consideration these three important things to figure out your current financial status.

1. Incomes from all sources and the taxes that will be deducted from it.
2. Assets including money from savings account, stocks or bonds
3. Liabilities like debts and monthly expenses

When you have figured out these three things, you can now figure out how much money to spend on your house.  Here are some tips to help you budget your money:

1. Figure out how much money you need to purchase the house and divide the total to the number of pay periods from your work.
2. Create a budget for other expenses like food, entertainment, utilities and bills to save up more money for your house.  Cut back on expenses that is not really necessary.