What Is Included

A listener wants to know what should be included in the mortgage payment that Dave says to limit yourself to.

QUESTION: Listener is confused. Dave says that the mortgage payment should be no more than 25% of your take-home pay. Does that include taxes and insurance, or just principal and interest?

ANSWER: That includes taxes and insurance, but the idea is not to borrow so much money that you can’t breathe. I don’t borrow money, and I quit doing that years ago, because I figured out that when I don’t have payments, I have money. If you want to build wealth, get out of your payments.

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 !