Avoid Being "House Poor" By Learning to Be Patient

You may not have heard of the term “house poor” but you probably know what it means.

The family that owns a 3 bedroom house, but can’t afford to pay their credit card bill.

There’s a difference between being poor and being “house poor.”

And it’s possible to avoid with a little patience.

The solution to avoid this is dead simple: employ a little patience.

Lifestyle inflation isa hard thing to avoid, but it’s key to financial health.

Young adult teaches us about being house poor in 15 minutes| Canadian Budget Binder viaRockstar Finance

Photo byStan Houseman.