CAN YOU AFFORD THAT HOUSE? By: Mary Beth Storjohann, Workable Wealth If you’re considering purchasing a home, you’ve likely already considered how much you have available for a down payment, what an ideal mortgage payment would be, and how much home you can actually afford based on your monthly income. But what about your lifestyle? Have you considered how much wiggle room you need to leave in your home budget to enjoy life? Here are six life factors to consider when buying a home: #1 Travel Travel is an important goal for many people. Think about the travel goals you have for yourself: Where do you want to go? What do you want to see? How long are your ideal trips? How much money would you need on an annual basis to make your travel goals possible? Is this already factored into your budget or will you need to cut back on travel to fund your monthly mortgage payment and home expenses? There are no right or wrong answers, but it’s important to reflect on your prioritie...
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