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41°
Thursday, mar 20
Tag:
Budgeting
News
NY Shoppers Feel Inflation But Spend Less Of Income On Groceries Than Many States: Study
Inflation and soaring grocery prices are squeezing US households at the beginning of 2025, but a new study says Northeast families are spending less of their income on food than other parts of the country. A study from WalletHub called States Where People Spend the Most & Least on Groceries was released on Thursday, Feb. 13. Despite higher food costs, residents in many Northeast and mid-Atlantic states spend a smaller share of their incomes on groceries compared to others. WalletHub said the cost of groceries has surged more than 25 percent since 2019, straining household…
Real Estate
How Much Should I Spend On My First Home?
One of the biggest questions for first-time homebuyers is, "How much can I afford?" Before you start looking for a home, you should absolutely have your budget in mind. You don’t want to fall in love with a home that’s out of your price-range only to be disappointed that you can’t afford it. Here are some tips on how to determine your home-buying budget. Can you use your rent as a good indicator of a monthly payment? When determining a budget, there are two questions: What can I afford to pay every month? And, what can I afford to purchase? Some buyers might start their search thinking th…