Jace moves from renting to purchasing a home. He needs to make long-term budget adjustments to accommodate his new mortgage payments and home expenses. What long-term budgeting change does Jace most need to focus on after purchasing a home?

Owning a home adds ongoing costs beyond the mortgage, such as property taxes, insurance, maintenance, and repairs. Jace should adjust his long-term budget to account for these higher homeownership expenses. Transportation, grocery, and entertainment changes are not the main budget adjustment implied by buying a home.

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