Looking for a new apartment. Don't know how much is too much.
2006-09-06 18:45:14 · 8 answers · asked by Andy 2 in Home & Garden ➔ Maintenance & Repairs
In my mind, we all need food, clothing & shelter!
Therefore, chop off 10% for 'savings' & divide the shelter with the
1.-food [includes entertainment expenses!]
2.-clothing [includes incidentals!]
for an actual third of income towards
3.-shelter [includes transportation!]!
+2;-) too easy!
2006-09-06 19:03:07 · answer #1 · answered by Anonymous · 0⤊ 1⤋
As a general rule you should not spend more than 33 1/3 percent (1/3 ) of your monthly income on rent.
2006-09-07 03:28:30 · answer #2 · answered by Anonymous · 0⤊ 0⤋
As little as possible and still achieve your standard of living.
If you are smart enough to understand the concept of taxes -vs- take-home-pay you are smart enought to buy your own pad. In that case, consider your house like a savings account.
Rent, otoh, is always a throw-away...
2006-09-07 02:23:33 · answer #3 · answered by Anonymous · 0⤊ 1⤋
You shouldn't pay more a month than you make a week. Of course if the heat or electric is included then you can pay more.
2006-09-07 05:39:41 · answer #4 · answered by jackie 6 · 0⤊ 0⤋
25 to 30 percent.....apt managers look at your income its part of the reason you have to "apply" they want to make sure you can afford it too!
2006-09-07 01:50:57 · answer #5 · answered by WitchTwo 6 · 0⤊ 1⤋
less than 50% if you can swing it...
2006-09-07 01:50:20 · answer #6 · answered by R J 7 · 0⤊ 1⤋
you mean you get a choice?
2006-09-07 01:50:06 · answer #7 · answered by iluv2cutfarts 1 · 0⤊ 1⤋
dumb question!!!
2006-09-07 01:50:39 · answer #8 · answered by Anonymous · 0⤊ 2⤋