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iQuestions Faculty, Ron Blue 
 
 
Question: 
 
How much of my budget should I allocate to my home? 
 
Answer: 
 
How much of your budget you should allocate to your house is 
something that financing institutions would say, “No more than maybe 
20-30% of your total spendable income.” 
 
I would suggest to you that if you could keep it down around 20%, in 
terms of your mortgage payments, and then the other expenses that 
you have associated with the house—the property taxes and the 
insurance and utilities—will push it up to 25-30%, but I would never, 
ever commit myself to spending more than 20% of my spendable 
income on a mortgage.  
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