Tag: living beyond means
Cash strapped homeowners
I found this article on Inman news which is disturbing. According to the article 15% of US homeowners carry mortgage payments which are at least 50% of their gross monthly income. Let’s look at the math on this: Let’s take a household that makes $75,000 per year. This translates to $6,250 per month. Monthly gross [...]
Posted: September 26th, 2008 under Personal Finance, Saving-Spending.
Tags: budget, budgeting, debt to income ratio, financial responsibility, living beyond means
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