Americans have the worst saving habits on planet earth

With that said, I have been saving 50% of my income toward a down payment and hopefully in a few years I can score a great deal on a nice condo or home in San Diego.

Cooking meals and eating out less saves a lot of cash!

I see maybe 2-3 movies a year which saves as well.

I do not drink alcohol except rare times. Saves money.

Heck I even am waiting on a plasma big tv to save until plasma tv prices get a lot cheaper. So far they are dropping in prices. I remember when a 60 inch plasma tv cost 20k. Now a top plasma big 60 inch tv sells for 5-10k.

Cars- people overspend this too. Mine is paid off and yes its a BMW but still not bad to maintain every year. I want a new one but thats to wait several years as well. Once loans default people will probably sell their Lexus and BMW at fire sale prices to pay off their home to avoid losses.