How Much Should You

Spend on Housing? 

Dear Ali, 

Whether you're renting, thinking about buying a new home, or happily living in your dream home, it's still critical to consider how much you should be spending on housing. 

Here's What to Think About When Setting a Housing Budget:

1. Consider your income and spending. First, think about your income, spending, and current debt obligations. Factor in expenses like food, medical and travel expenses, clothing and entertainment. This will help you understand how much money you have left over every month for housing. 
2. Add in other house-related expenses. If you currently own or plan to buy a home, don't forget to include other housing expenses, such as utilities, home repair, and homeowners' insurance. 
3. Plan for the unexpected. Unfortunately, life can bring about unexpected financial circumstances. Set aside some "just in case" money every month to help you prepare for the future. 

If you would like to chat about housing expenses, please give me a call! 

Sincerely,