6 Signs You're House Poor And How to Deal With It

Описание: Being “house poor” means your home’s mortgage, maintenance, tax, and other ownership liabilities are too expensive for you. This can set you back financially in other areas, such as saving for retirement, paying other loans, or having to skimp in other areas of your life.
People of all incomes can easily become house poor, but there are ways you can deal with this and stop living paycheck to paycheck. Here’s how to know if you’re house poor — and what you can do about it.
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⏱ Time Stamp:

00:00 Introduction
00:34 1. You’re spending too much of your income in home costs alone
01:24 2. You use a credit card to pay for emergency expenses
01:52 3. Finances are a constant source of worry
02:24 4. You can’t spend much on experiences
02:43 5. Your debt load is high
03:12 6. Your mortgage payments don’t reduce your principal balance
03:43 What to do if you’re house poor
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DISCLAIMER: I’m not a financial adviser. No official financial advice is being given. Please always check with a professional before making any investments or financial decisions. Your investments are your sole responsibility!
My website: http://budgetwisdoms.com/
#money #house poor #budgeting