House Poor? What's The Meaning Of This?

Troy needs Dave's help in defining "house poor" and how you determine if it's happening to you.

QUESTION: Troy asks what it means to be house poor. Dave’s explanation is pretty simple.

ANSWER: It simply means that your house payment is so high, it breaks you and makes you poor. For example, someone who has a house payment that is 50% of their take-home pay, they cannot mathematically prosper because of their house payment. They bought their house at a level that shouldn’t be done.

Jump-Start Your Goals!

Jump-Start Your Goals!

Get our 8-Day JUMP START series and weekly newsletter that are packed with articles and tools to help you win with money.

Reach Your Money Goals

Reach Your Money Goals

Start with a budget. Join the millions already budgeting with EveryDollar!

Create My (FREE) Budget

Thank You!

Your 8-Day Jump Start is on its way to !