If you're buying a home, chances are you'll have more space — and more space means more furniture.
Colin Moynahan, a certified financial planner near Charleston, South Carolina, told Business Insider's Liz Knueven that while buying a house is certainly one of the biggest expenses most Americans will face, furnishing and buying appliances for a new home can be a huge expense, too.
It's something that Moynahan says new homeowners might not think about. "They just spent all this money on the down payment. Now, you gotta furnish the place," he says.
Then, there's the fact that expenses start to compound when these things are financed. "Next thing you know, they've got a new credit card, they've maxed the balance out, and they're paying on that for the next five years," says Monhoyan.