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For most people, a home is the biggest purchase they will ever make. According to a 2023 GOBankingRates survey, 18% of homeowners spent $550,000 or more on their homes, and another 9% paid $400,000 or.
In today's economy, making six figures is still considered doing quite well. However, new research from GOBankingRates shows that in some major U.S. cities, an annual income of $150,000 is only enough.
When it comes to financial plans, your assets, cash flows and debts all influence the path toward your goals. While talking to a financial advisor can help you establish a comprehensive plan to reach your goals, you can use basic rules of thumb to gauge your current financial position. 1. Housing Ratio (Monthly housing costs)/(Monthly […] The post 7 Major Financial Checkpoints: How Do You Stack Up? appeared first on SmartReads by SmartAsset.
It's more difficult than ever to afford a home, according to a recent Redfin report focused on the least and most affordable cities in the U.S. Discover: 7 Safest and Cheapest Cities to Live in.