These may cost a pretty penny, but good quality is worth it to make you feel like you are living in a home and not a dormitory.

Try to save cash for functional pieces such as a sofa or reading chair. These often become focal points of the room and can be a basis from which to build your design.

The most expensive sofas are those made of kiln-dried hardwood and hand-tied spring construction.

If you buy a classic style it can be recovered over the years and freshened up with different cushions.

The general rule is that a high-quality sofa should last about 25 years, while one of average quality should last about 10.

Splurge also on statement pieces. These are items that you fall in love with, will take with you when you move and that are a reflection of you.

For instance, a quality designer chair will help distract from a cheaper sofa, or quality cookware can make time spent in the kitchen more enjoyable.

Save on storage as these needs will change depending on your lifestyle and size of your living area.

A beautiful designer or antique bookcase, cabinet or wardrobe can add to your space, but it will be wasted money if you have to move and find it doesn't fit into your new home.

Occasional-use items, such as side tables, lighting, garden furniture, guest room pieces and extra dining chairs, are also places to save.

These don't generally get much use and can be upgraded when you have the money.

Save on decorative accessories as these are pieces which often go in and out of style and don't cost much to replace.

Rugs can also be a place to save as these get trodden on, have food and drink spilt on them and can end up looking tatty after a while.

Inexpensive rugs are easy to replace and won't end up burning a hole in your pocket.

Finally, remember that a little bit of patience goes a long way. Sometimes you may have to wait for that perfect piece before it comes along.