2006-12-06 03:45:38 · 4 answers · asked by John C 1 in Business & Finance ➔ Personal Finance
When computing your ability to make a house payment most loan companies will computer 25% to 33% of your net income. Than may be different in some high income areas of the country. My personal calculation for rent is 25%. I set budget will help you avoid financial disasters. Good Luck
2006-12-06 03:55:33 · answer #1 · answered by BlkJac 3 · 0⤊ 0⤋
Most landlord want your rent to be less than 33% of your income. I recommend < 25% and put at least 10% of your income into a savings account or investment account.
Pay yourself first.
2006-12-06 04:08:18 · answer #2 · answered by MR MONEY 3 · 0⤊ 0⤋
Traditionally 1/3 (33%). Most landlords won't rent to someone who can't at least meet that criteria, but some don't care as long as you pay the rent.
2006-12-06 03:56:10 · answer #3 · answered by Jason W 4 · 0⤊ 0⤋
I think 1/3 for rent
1/3 for food ,clothing, utilities
1/3 for emergency
2006-12-06 03:52:45 · answer #4 · answered by Anonymous · 0⤊ 0⤋