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True or false: if you can’t contribute to your 401k, you can’t afford the mortgage
True or false: if you can't contribute to your 401k, you can't afford the mortgage When planning and budgeting to buy a home, I try to think about it in monthly payment terms. When figuring out what we can "afford" monthly it can kind of mean two things... What we pay now per month, or we can bump it up to include (some of) the money we otherwise put into our 401k/RothIRA/retirement plans. Maxing out 401k is nearly $2k/month.....
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