2006-12-10 12:33:11 · 8 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
You should only spend less than 30%. And that is the category that I am in.
2006-12-10 15:44:26 · answer #1 · answered by Chrisusc 2 · 0⤊ 0⤋
Right now I spend half of my income on rent. I'm self employed though. It definitely hurts when I have slow months. I'm looking to buy a place sometime in the near future. Make sure you have good credit!
2006-12-10 12:37:24 · answer #2 · answered by gotham158 3 · 0⤊ 0⤋
We spend about 1/4 of our after tax income on our house payment. But, we pay more than we have to b/c we want to pay our house off sooner than 30 years!
2006-12-10 14:36:12 · answer #3 · answered by Josi 5 · 0⤊ 0⤋
Oprah recently did a program on this that covered this topic quite well. I suggest you do a Google or Yahoo search for "Oprah's Debit Diet."
In fact, here is the calculator at the following URL
http://www.oprah.com/money/debtdiet/money_debtdiet_main.jhtml
Good Luck
2006-12-10 12:39:34 · answer #4 · answered by Avery G 2 · 0⤊ 0⤋
50 to 60%
2006-12-10 12:41:34 · answer #5 · answered by sufferingnomad 5 · 0⤊ 0⤋
Normaly 25% weekly
2006-12-10 12:36:31 · answer #6 · answered by Wael 3 · 0⤊ 0⤋
A little less then third on mortgage and property taxes (we pay them both monthly).
2006-12-10 12:40:35 · answer #7 · answered by Therapist 5 · 0⤊ 0⤋
Our rent is approx 10% of our gross income.
2006-12-10 13:48:34 · answer #8 · answered by Anonymous · 0⤊ 0⤋