Owning a home is a major financial milestone — but it’s only worth pursuing if it fits within your budget. Money expert Dave Ramsey recommends spending no more than 25% of your take-home pay on your housing expenses, including your mortgage principal, interest, property taxes, home insurance, private mortgage insurance and homeowners association fees. Be Aware: 6 Hidden Costs of Homeownership That Can Wreck Your Budget Read Next: 6 Things You Must Do When Your Savings Reach $50,000 When a mother of eight ...