<prompt> Human: Hello, Long time lurker of this sub-reddit, Ive seen the magic it has produced so I figured Id come here for some guidance. Here is my situation. I am 25, currently working at a pretty secure job making 38,000 per year. I am very blessed to have no more student debt working 2 jobs in college and help from my parents. My bills total about 900 per month, including rent, car payment, insurance and cell phone. I have about 11,000 saved up in my saving account from my job over the last 2.5 years, I just put 4,000 down on my new car, and feel like I have done a decent job saving. I contribute about 8 to my 401k, it was 10 but I have since lowered that, and I also contribute 3 after tax money to my companies Employee Stock Purchase Plan. With that said, I am looking to buy a home. I live with 2 roommates and while the rent is cheap 315 a month and the situation is ok, I think its time I move. Given my situation, am I in the right place to start looking for a home considering my salary and savings? Any guidance would be appreciated. Thank you.  <response>: Just out of curiosity, what is your job?11K is more like emergency-fund territory. Its insane how much happier you feel at work and how much more free your are in pursuing advancement when you know you can live six months to a year just from your savings.And if you buy a house, youll want a big emergency fund anyway just to cover expenses from water heater, plumbing, flood, wiring, etc. that can arise.This is obviously not professional financial, but it sounds to me like you should at least double your savings before looking at buying a house in order to cover the down-payment and still have an emergency fund. 