incerritosingly at home. so there are times when one income does make sense. maybe you re picking up those additional costs. certainly if you have a job that s very secure with strong health care benefits, that s a big one for a lot of families. and if you ve got low debt, you certainly don t want to be relying on one income if you ve got a fair amount of debt that you have to be paying off every month. you have a rule of thumb that people can apply if they look at the cost of their living space. their home or their apartment. tell us about that. that is, you don t want your housing costs, if you will have somebody to stay home, to be more than 25% of your monthly pay before taxes. so the example there would be, if one person s income is $4,000 a month and they should not have ideally more than $1,000 going to rent or the housing payment. and that s for all sorts of reasons, including making sure they can pay off that debt but also have room in case they face some financial crisis
so there are times when one income does make sense. certainly if you have a job that s very secure with strong health care benefits, that s a bin one for a lot of families. and if you ve got low debt, you certainly don t want to be relying on one income if you ve got a fair amount of debt that you have to be paying off every month. you have a rule of thumb that people can apply if they look at the cost of their living space. their home or their apartment. tell us about that. that is, you don t want your housing costs, if you will have somebody to stay home, to be more than 25% of your monthly pay before taxes. so the example there would be, if one person s income is $4,000 a month and they should not have ideally more than $1,000 going to rent or the housing payment. and that s for all sorts of reasons, including making sure they can pay off that debt but also have room in case they face some financial crisis down the road.
income does make sense. maybe you re picking up additional costs. certainly if you have a secure job with health care benefits. if you have low debt. you don t want to be relying on one income if you have a fair amount of debt that you have to pay off every month. you have a rule of thumb people can apply if they look at the cost of their living space or home or apartment. that is you don t want your housing cost to be more than 25% of your monthly pay before taxes. the example would be if one person s income is $4,000 a month, they should not have ideally more than $1,000 going to rent or the housing payment. that s for all sorts of reasons, including making sure they can pay off the debt but also have room in case they face a financial crisis down the road.
are in fact the cheap obstacles to fixing our system. they continue to put their short-term gains in quarterly bonus pool ahead of the american investor, the american homeowner, and the american economy. we re joined now by congressman brad miller, who has a plan to keep this from happening any longer. representative miller, it is a pleasure to see you. thank you. if i understand this correctly, myself as a homeowner and the primary owner of a mortgage, that we both have an interest in reducing my housing payment, but the big banks won t let us do it. is that correct? that s right. it s not held as a whole mortgage. by they re in big pools of mortgages divided up. boends are sold on the