I generally suggest that people target an overall savings rate of 20%. Though you may need to target a higher percentage if you are just starting out saving in your 30s or something along those lines.
Within the scope of the overall rate, you can divide it up however you see fit.
As to the house issue, that is completely dependent on how much, if any, you currently have saved, the cost of the house you will buy, whether you want to put down 20% (in my opinion, you should strive to do so) or whether you are okay putting down less and paying PMI, etc.
Realistically, you can determine how much you want/need to put down, divide that by the number of months until you plan to buy a house and that is the monthly amount you will need to save.
But I would also suggest that you should not save exclusively for a home at the expense of saving for retirement and making sure that you work on building an emergency fund.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines
. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.