http://ca.pfinance.yahoo.com/ca_finance_loans/11/how-we-paid-off-our-house-in-three-years For all those who think they couldn't possibly save anymore and there is no way to get ahead, here's a good story. These folks lived on the bare minimum and saved 80% of their pay. They bought and paid off a home in 3 years. Granted, they earned a substantial income, but they also worked their tails off to do so. Not everyone could be as extreme as this couple, but I think there are some good lessons there. There was also an article in MONEY this month about a family (with kids) who vowed to not buy anything new (with a couple of exceptions) for an entire year. Everything would have to come from thrift shops, flea markets, trash picking, hand-me-downs or borrowed. Again, an extreme route to go but evidence that living on a lot less than most of us currently do is very possible if you really set your mind to it.