{"id":13370,"date":"2025-04-11T17:22:02","date_gmt":"2025-04-11T17:22:02","guid":{"rendered":"https:\/\/finderica.com\/?p=13370"},"modified":"2025-04-11T17:22:02","modified_gmt":"2025-04-11T17:22:02","slug":"question-of-the-week-ss","status":"publish","type":"post","link":"https:\/\/finderica.com\/?p=13370","title":{"rendered":"Question of the Week &#8211; SS"},"content":{"rendered":"<div>\n<h2 class=\"_3P4ktl zeCuXk _28z5Fp _2w4PM3 _1My7YX\" data-currency=\"Text\"><span class=\"_3P4ktl zeCuXk _28z5Fp _3-to_p\">How much should I spend on a house?<\/span><\/h2>\n<div class=\"_3VJt4n\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">When you\u2019re deciding how much house you can afford, one helpful rule of thumb is the 28% rule. This rule says mortgage payments \u2014 which often includes costs beyond the principal and interest like homeowners insurance and property taxes \u2014 shouldn\u2019t exceed 28% of your pre-tax monthly income. So if you\u2019re a dual-earning couple earning $300,000 a year, that means you\u2019d want to put no more than $7,000 a month toward your mortgage.<\/span><\/p>\n<\/div>\n<div class=\"_3wlVa6 _2247K8\">\n<p class=\"_28z5Fp _3-to_p\"><span class=\"_28z5Fp _3-to_p\">Of course, everyone\u2019s budgeting needs are different, and there are valid reasons why you might want to spend more or less on a mortgage. Perhaps you live in a high-cost city with few other options or perhaps you have other significant expenses, such as child care, so you want to limit housing costs. It\u2019s also worth factoring in other house-related costs not captured by the mortgage, such as home improvements, repairs and maintenance. You\u2019ll want to leave room in your <\/span><span class=\"_28z5Fp _3-to_p\">budget<\/span><span class=\"_28z5Fp _3-to_p\"> to cover those, too.<\/span><\/p>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/www.nerdwallet.com\/article\/finance\/question-of-the-week\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>How much should I spend on a house? When you\u2019re deciding how much house you can afford, one helpful rule of thumb is the 28% rule. This rule says mortgage payments \u2014 which often includes costs beyond the principal and interest like homeowners insurance and property taxes \u2014 shouldn\u2019t exceed 28% of your pre-tax monthly<\/p>\n","protected":false},"author":1,"featured_media":13371,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[195],"tags":[1837,155],"class_list":{"0":"post-13370","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-question","9":"tag-week"},"_links":{"self":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/13370","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13370"}],"version-history":[{"count":0,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/13370\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/media\/13371"}],"wp:attachment":[{"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}