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How much of your monthly paycheck should go to rent/mortgage?
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06-09-2021, 07:59 PM
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#1
- DynamicDot
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- DynamicDot
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How much of your monthly paycheck should go to rent/mortgage?
I would imagine a decent amount of you guys are corporate and get paid biweekly/semi-annually, so essentially 2 paychecks a month. Should your rent or total mortgage be more than a paycheck? less than one? What's a good percentage?
Reps for good advice/answers.
Reps for good advice/answers.
06-09-2021, 08:01 PM
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#2
06-09-2021, 08:02 PM
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#3
- tbonestake
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- tbonestake
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25% toward bills monthly is ideal.
06-09-2021, 08:03 PM
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#4
- illriginalized
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- illriginalized
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No more than 1/3rd of monthly income.
أشهد أن لا إله إلاَّ الله و أشهد أن محمد رسول الله
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🚷 Anti-Degeneracy League 🚷
https://www.twitter.com/eyeonpalestine
Mossad acronym: ISIS AKA Israeli Secret Intelligence Service
06-09-2021, 08:07 PM
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#5
- BeanGainClovis
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- BeanGainClovis
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If you aren't making 500k/yr and squatting in an abandoned soap factory then your finances are simply out of control.
Beans. Cleans. Gasoline.
06-09-2021, 08:07 PM
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#6
- Dave22reborn
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- Dave22reborn
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One of my co-workers bought a shoe box house in Chicago, something like a 2,000 dollar a month mortgage for 30 years.
He's beyond miserable.
He's beyond miserable.
06-09-2021, 08:13 PM
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#7
- anonkunbrah
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Just don't end up like Getter_Done. He has to result to eating canned food since he drops almost all his income on his downtown Toronto apartment
06-09-2021, 08:17 PM
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#8
06-09-2021, 08:17 PM
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#9
- furekurss
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- furekurss
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Originally Posted By Dave22reborn⏩
And he can’t even off himself due to gun laws in that state.One of my co-workers bought a shoe box house in Chicago, something like a 2,000 dollar a month mortgage for 30 years.
He's beyond miserable.
He's beyond miserable.
Doubled fuked
06-09-2021, 08:32 PM
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#10
- DizzySmalls
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- DizzySmalls
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Up to 50% is more realistic these days towards the beginning with the rapid increase in housing prices vs incomes
The longer you wait while trying to be frugal and not overspend, the higher the prices of the housing will go relative to your income. Debt is your friend when you have a currency that is being pimped out like a cheap whore in an inflationary environment
Doesn't apply to miscers who are all Saudi princes and CEOs
The longer you wait while trying to be frugal and not overspend, the higher the prices of the housing will go relative to your income. Debt is your friend when you have a currency that is being pimped out like a cheap whore in an inflationary environment
Doesn't apply to miscers who are all Saudi princes and CEOs
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