The Benefits of Living In A Small House Story

Many people start their lives excited to buy their first home.  They look to what the think they can afford and decide this will be their “Starter Home.”

At first, they don’t mind living in a small house, but they are already making plans for bigger and better.

They look to the maximum amount the banks will give them with innocence in their eyes, not thinking twice that they would be one paycheck away from losing it all.

The Dangers of Too Much House The Financial Crisis of 2008 was devastating to so many people and families.  It affected not only homes but so many other financial avenues.

The stock market crashed, and people lost their investments.  Others panicked and pulled out all their money, also losing growth potential.

Living In A Small House To Save Money Experts say to stick with the 25% rule.  25% of your monthly take-home pay should constitute your house payment (whether its rent or mortgage).

So, as people in the housing crash of 2008 learned, just because the bank will give you that amount, it doesn’t mean its a good idea!

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