Here are the seven biggest mistakes that people do with their money before purchasing a home. One, they are waiting for a big return or influx of money. Two, they combine to many big life events. Three, they use their emergency savings for a down payment on the house. Four, they invest their down payment in stocks. Five, they do not work routinely. Six, they have too much debt. Seven, they make the mistake in calculating how much they can afford.

Read more: 7 of the dumbest things people do with their money before they buy a home – Business Insider