With so many possibilities at your fingertips, it’s easy to get caught up in the excitement before asking yourself the most important question of all: How much house can I afford. Step 5: calculate.
· Here’s the rule I use to determine how much house you can afford based on your income – let’s call it to the 2x income rule. Simply, you should only spend two times your annual gross income on a house.
· The first-year cost of pet ownership exceeds $1,000, according to the ASPCA. Learn what pet expenses to expect before bringing a dog or cat into the family.