Typically, you should aim to save at least 20% of the home's purchase price for a down payment. A higher down payment reduces your loan burden and can result in better loan terms and lower interest rates.

You can save for a home through systematic investments in mutual funds, recurring deposits, or a dedicated home savings plan. Equity mutual funds are suitable for longer-term goals, while safer options like fixed deposits are better for short-term goals.

Assess your financial situation by considering your income, monthly expenses, existing debts, and savings. It's recommended to spend no more than 30-35% of your monthly income on housing expenses, including EMIs.

It depends on your personal priorities and financial situation. While buying a home is a significant milestone, it's important not to neglect other long-term goals like retirement or child education. A balanced approach is key.

The decision to buy or rent depends on your financial situation, long-term plans, and market conditions. If you plan to stay in one place for a long time and have the financial stability to afford a home, buying may be a better option. Renting offers flexibility and lower upfront costs.