Best Practices For Young People Planning To Buy a Home In The Future____Understanding the way credit works early in your adult life, can allow you to develop a plan for your entire financial future. That can be integral when it comes time to purchasing a home._____Paying your Bills on Time is VitalWhen you’re young bills can be a burden. You usually haven’t established yourself yet, and may still be dealing with school, or unpaid internships, which require a lot of time with little or no compensation. However, it is still important to be prudent and pay all of your bills on time, as this can have a dramatic impact on your eventual ability to purchase a new home. While it may be hard to think about the future in such a long-term manner, doing so can actually save you a lot of time, money, and hassle in the long run.There are many different bills that someone in their 20’s can accrue just by living a normal life. The most common will be school debts and loans, paid for time spent in college/university. While the degrees earned from these investments can have great long term earning potential, it may still take some time after graduating to find a good job.