2006-09-21 02:18:05 · 12 answers · asked by rovingtim 1 in Business & Finance ➔ Personal Finance
It really depends on how much you earn, if your on a high salary it won't matter as much as if you're on low salary plus you've got to determine what your other outgoings are I would have thought!
2006-09-21 02:22:24 · answer #1 · answered by Matthieu 1 · 0⤊ 0⤋
How about 1/3?
2006-09-21 02:20:38 · answer #2 · answered by burcak_cubukcu 2 · 0⤊ 0⤋
Most of the time, accommodation is so expensive that the question is not how much you should spend but rather how much you can afford.
One way is to do a reverse engineering, i.e., take home pay minus all taxes, daily expenses, insurance, medical, 10% savings, tithing, etc. Whatever is left sets the limit for your accommodation.
2006-09-21 02:23:27 · answer #3 · answered by dickson 2 · 1⤊ 0⤋
As a rule of thumb, work on about a third of your net salary.
2006-09-22 04:14:14 · answer #4 · answered by Chris G 3 · 0⤊ 0⤋
If you are in your home country, yes its ok to spend 30-40 % of ur salary.If not dont spend more.. coz you better save money and go back to your home country for a better life
2006-09-21 02:23:36 · answer #5 · answered by SLMAX 2 · 0⤊ 0⤋
A good rule of thumb is no more than 40% of your gross income should go for housing. This allows for vehicle expenses, utilities and general living expenses such as groceries and clothing.
2006-09-21 02:20:35 · answer #6 · answered by Lynn S 3 · 0⤊ 0⤋
I always say that you should devide your wages into 3. first third for rent or mortgage costs. secound third for household bills and the third part for personal spending, like getting to work and getting food to eat. So the answer is One third.
2006-09-21 02:23:53 · answer #7 · answered by Jo. 5 · 0⤊ 0⤋
yeah, I also heard the no more than a third rule, but I spend more than that and I am still alive, so a little more couldn't hurt probably.
2006-09-21 02:19:45 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Why dont yoy blow it all on a slick pad- then people will give you stuff to hang out with you- whaddya say?
2006-09-21 02:43:02 · answer #9 · answered by larry365 3 · 0⤊ 0⤋
If you are talking about home expenses, it should be no more than 30% fo your TAKE HOME pay.
2006-09-21 02:19:24 · answer #10 · answered by yummymummy 3 · 0⤊ 0⤋