I hear 1/3, but that seems like a lot. I've even hearf 1/2.. how abut u?
2006-08-21 11:23:50 · 11 answers · asked by MM 5 in Business & Finance ➔ Renting & Real Estate
Im asking you, how much of YOUR paycheck goes to your rent, not how do you figure out whats the best ratio..
2006-08-21 11:40:38 · update #1
I guess it depends on where you live. In California, 1/2 of my check goes to rent.
2006-08-21 12:00:13 · answer #1 · answered by the_doe_bear 1 · 1⤊ 0⤋
It used to be a little more than half went to my mortgage payment, leaving less than half for utilities, insurance (car, health), gas, groceries, etc. About once a month I was having to use a credit card to buy food because I was out of money and out of food.
I sold that house and moved to another state where it does not cost so much. Now I own the house outright, so 0% goes to payments! Yesss!
2006-08-21 12:14:39 · answer #2 · answered by Sharingan 6 · 1⤊ 0⤋
1/3 of our family's take home income goes to rent. When we buy a home our mortgage will be almost 1/2 of our bring home so we will need to go tax exempt.
2006-08-21 11:30:58 · answer #3 · answered by Heather 5 · 1⤊ 0⤋
I use about 1/4 my pay.
2006-08-21 11:29:50 · answer #4 · answered by Richard N 2 · 1⤊ 0⤋
Add your rent payment and all of your monthly debt amounts together (including car payment and credit cards). Divide that number by your monthly income amount. If you are under 50%, you're good to go.
2006-08-21 11:36:54 · answer #5 · answered by copleybailey 1 · 0⤊ 1⤋
About 1/4-I think any more than that is just plain ridiculous.
2006-08-21 15:25:18 · answer #6 · answered by ? 3 · 0⤊ 0⤋
25%
2006-08-21 11:30:54 · answer #7 · answered by Carrie 2 · 1⤊ 0⤋
It depends on how much the place cost and how much you make from your job.
2006-08-21 11:32:14 · answer #8 · answered by Chris 2 · 0⤊ 1⤋
Haha. None. I am still in school and I don't have a job.
2006-08-21 11:29:59 · answer #9 · answered by Jesuslovesyou! 3 · 0⤊ 1⤋
None; I own my home outright.
2006-08-21 11:30:48 · answer #10 · answered by silvercomet 6 · 1⤊ 0⤋