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What percent of income should go to rent?


               
2011 Jun 12, 3:22am   14,867 views  56 comments

by wuaname   follow (0)  

I've read different numbers on the internet, ranging from 25-40% of net income or gross income (big difference) should go to rent. I am thinking I need to bump up my budget for rental expense than what I have been thinking.

Thoughts?

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55   burritos   @   2011 Jun 16, 3:57am  

FP says

People bragging while anonymous… beats me.

What's worse, bragging anonymously on line or actually bragging to people you know?

56   Katy Perry   @   2011 Jun 16, 5:59am  

I pay 8 percent of income to rent and over 40% a month to pay down a 15k credit card bill. I'm wacking it down by $1500-$2000 a month. I'm happy that it came together. I had some business start up cost for equipment and insurances( what a scam) and to tide me over before the checks started rolling in. I feel fortunate to have been abile to pull it together. I was Zero debt just three years ago. I'd like to never use that thing again. great thread BTW

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