Michael has decided he is going to make a budget to help him save up for a house. He knows that he needs to get his credit score up and start making some good credit choices. He talks to his brother Tim, who reminds him also of the importance of having a nest egg also to fall back on, Mike decides to start making a list of the short term goals that he needs to achieve in order to reach his long term goal of being a homeowner. First, he gets his credit report and starts paying off the debt that he has. He also starts making a habit of throwing all of his coin change in a jar. Each time that jar is filled.

He catches it and puts it in a savings account. He also starts putting $30 out of each check to add to his savings. After a year of hard work and being faithful to his budget. He is able to put a down payment on a house of his own