Allow me to start off by saying that if you want expert financial advice when it comes to saving, then you may want to discuss setting up an emergency fund with your financial planner or bank rep. As far as my post is concerned, consider some general best practices when it comes to saving.
If you just paid for that big ticket item (ie. your new home), you may want to consider establishing an emergency fund. Not to drop Murphy’s Law on you, but if something can happen, it will happen. I personally feel it takes anywhere from 6 – 12 months to make your house your home. By this I mean, you’ve finally settled in, and learned all the nuances of your home.
For me, this came with little things like learning just how far I could push the electric in my house before I had to run over to the fuse box and flip a switch.
(To that point, if you ever need to do laundry in my home, make sure you limit that to just the washer and dryer at once. If you toss on the dehumidifier alongside both of those, we’re going zero dark thirty. )
A number of new home buyers establish a reserve fund with incremental savings. A few bucks from every paycheck, sometimes an entire tax return, or just changing dining habits to eating out once a week/month are all effective ways to stow some money away.
For added protection, I recommend one to two-year home warranties upon moving in. It will keep you protected on serious considerations for the length of its terms, but it also gives you peace of mind for that time as well, allowing you to stow away more funds for your emergency account.