How Much Rent Can I Afford? A Complete Guide
Posted by Richard Soto on
How Much Rent Can I Afford?
Whether you're relocating for a new job, upgrading your lifestyle, or moving out on your own for the first time, one of the most important questions to ask is: “How much rent can I afford?” Overspending on rent can leave you strapped for cash, while underspending might keep you from the lifestyle or location you truly want. This guide will help you determine the ideal rent for your budget—and show you tools and tips to make smart, financially sound decisions.
The 30% Rule: A Classic Guideline
One of the most common rules of thumb in personal finance is the 30% Rule. This guideline suggests that you should spend no more than 30% of your gross monthly income (income before taxes) on rent.
Here’s why renters choose VIP…
79 Views, 0 Comments