Personal Finance

How do your savings compare?

Have you been wondering how much house can I afford? We’ll help you calculate the exact number with our home affordability calculator.

To calculate "how much house can I afford," one rule of thumb is the 28/36 rule, which states that you shouldn't spend more than 28% of your gross monthly income on home-related costs and 36% on total debts, including your mortgage, credit cards and other loans like auto and student loans.

Thinking about how much house can I afford? Based on your annual income & monthly debts, learn how much mortgage you can afford by using our home affordability calculator.

Zero-down mortgages are making a comeback.

When it comes to income, there is no magic number.

A Business Insider analysis finds varying income levels between states that qualify as middle class, lower class, and upper class.

Use this tool throughout your homebuying process to see how your credit score, home price, down payment, and more can affect mortgage interest rates.

The world’s top-selling pizza chain is betting big on the generosity of its customers. And they are not alone. Domino’s recently pledged $174 million over the next ten years to benefit St.

An analysis of student loan debt over time in the U.S., including the debt per borrower and the debt-to-income ratio (DTI) among graduates.

The U.S. Department of Education announced Tuesday the interest rates on federal student loans for the 2024-2025 academic year.

Search by zip code to see how home prices are changing in your area.

Our calculator takes the most important costs associated with buying or renting and compares the two options.

We don't know for sure how much buy now, pay later borrowing people are doing.

Talking to kids about the wider world

Renters are more pessimistic than ever about their homeownership prospects.

NEW YORK—The Federal Reserve Bank of New York today released results from its 2024 SCE Housing Survey, which is part of the broader Survey of Consumer Expectations (SCE) and provides information on consumers’ housing-related experiences and expectations. The results show that the pace at which households expect home prices to rise in the next year has reaccelerated after falling last year, with average one-year ahead expectations now reaching their second highest reading in the survey’s history. In contrast, home price growth expectations for the next five years declined slightly. Expectations about the change in the cost of rent were considerably higher than home price expectations but followed a similar pattern, as rental price growth expectations increased for one-year-ahead and were essentially flat for five-years ahead. Homeowners’ expectations about the likelihood of refinancing their mortgages over the next 12 months rebounded slightly after falling last year, but remain well below pre-pandemic levels. Renters’ views on the ease of obtaining a mortgage deteriorated substantially, with 74.2% stating that obtaining a mortgage is somewhat or very difficult. In fact, renters’ self-assessed probability of ever owning a home decreased to a new series low.

With housing prices on the rise, more and more young people are being priced out of the market. Unfortunately, most politicians are too afraid to tell them what’s really behind the affordability crisis.

The (bad) options for Americans facing an emergency expense.Subscribe to our channel and turn on notifications (🔔) so you don't miss any videos: http://goo....

Should I Buy a House Now? If you are recently married, your emotions are likely redirected to believing there’s no better time to buy your dream home. Get a job, get married, buy a home, and have a baby; many couples see this happening all around them and want the same right now and in that order. It’s what the Joneses are doing, so it’s what we should be doing. Right?Deciding when to buy a home is one of the biggest decisions in your marriage. Your marriage. Don’t let the Joneses influence what

Financially literate citizens are the bedrock of a healthy economy.

The number of “serial churners,” or cost-savvy customers who hop between streaming services, is on the rise.

We are quickly approaching the deadline for filing (and paying) our federal and state income taxes, and that means it’s time for an annual post to help put things in perspective. Let's start with some historical perspective: when income tax began in 1913, the maximum marginal income was only 7% on incomes above what would be more than $12 million in today's dollars.

Federal aid application woes mean Michigan families are contemplating college decisions without crucial information: How much it will cost.

The U.S. tax system is designed to be progressive, with rich people paying a larger share of their income to the IRS. Here's what to know.

April is Financial Literacy Month, and starting with 9th graders in 2024, a half-credit personal finance course is required for high school graduation in Michigan.

Behavioural finance studies the role our emotions can play in investment decisions, and can help us better manage those decisions.

Behavioral finance is the study of the influence of psychology on the behavior of investors or financial practitioners.

For more check out: https://www.millionstories.com/ Stop! Before you make a big gamble on the stock market, see how millions of years of evolution affect humans’ ability to make sound financial decisions. A neuroscientist studying monkeys explains why money makes the world go ‘round and, more importantly, why it sometimes makes us do irrational things. Understand the science behind stock market bubbles so you never get trapped on the wrong side of one. This is Your Brain on Money. Watch more compelling stories & access free resources at https://www.millionstories.com/ Don't forget to follow us so you never miss an episode: #MillionStories Instagram: https://www.instagram.com/millionstoriesmedia/ Twitter: https://twitter.com/millionstories Facebook: https://www.facebook.com/millionstoriesmedia