r/personalfinance on Reddit: Is spending 50% of income on …

Manager or property owner said when Covid hit, if you make all payments on time from April 2020 to April 2021, rent will stay the same for another year. Very blessed/lucky. But yes very very …

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R/personalfinance On Reddit: Is Spending 50% Of Income On …

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Manager or property owner said when Covid hit, if you make all payments on time from April 2020 to April 2021, rent will stay the same for another year. Very blessed/lucky. But yes very very …

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I Spend Almost 50% Of My Take-home Income On Rent Every Month …

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BTW, the Ruling Class convincing the young that 50% of your income to rent is a good deal is one of the biggest scams of the past 100 years. Congratulations. The Ruling Class loves this post. …

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Would You Spend 50%+ Of Your Net Income On Rent If Its Just

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I’m still living with my parents to save money, my options are move out and spend like 50% like you on rent, be free and mentally better off but I’d have zero money to save or spend. I …

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Spending Over Half My Income On Rent? : R/personalfinance - Reddit

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Spending half of your income on rent can mean very different things. If you make $500 a month paying $250 on rent isn’t going to work but if you make $5000 a month paying $2500 on rent is …

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Here's What Happens When You Spend 50% Of Your Income On …

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Jan 2, 2024 · Learn about the consequences of spending half your income on rent and how you can fix it. Overspending on rent is a common financial issue. Learn about the consequences of …

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Spending 50% Of My Income On Rent. : R/personalfinance - Reddit

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So my company is giving me a $5000 raise on my salary (now $45,000) and $5000 in relo assistance which I can pocket what I don’t use. As some of you may know Denver renting cost …

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What Do You Do After You Have Your “life Together” Financially ...

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So let’s say you have your house (with a mortgage), and a career. You’re a family of 3 and the annual income before taxes is $105,000. With a... jump to content. my subreddits. edit …

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Is Spending 50% Of Monthly Income On Rent A Bad Idea?

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Aha, I will either be walking to work every day or getting a bike. After all rent and bills, which makes up the 50%, I essentially would have 50% left to spend on food and entertainment - but …

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Spending 50% Monthly Income On Rent? : R/personalfinance - Reddit

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I make $70k pre-tax and spend $1150 in an area where the average is $1350. That includes everything except electric and internet (~$100/mo total). I feel comfortable with it and not …

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How Smart Is It To Spend 50% Of My Income On Rent? - Reddit

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I’m 20 years old and really need to move out of my parents place for personal reasons. I’ve calculated my monthly income and how much I’d have left over after my monthly expenses: …

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How Much Should I Spend For Rent? : R/personalfinance - Reddit

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Generally, most apartments require you to make 3x the rent (pretax) so by that, you can likely qualify up to about $1400. Personally, I'd never recommend spending that much because it's …

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Spending 50% Of Your Salary On Rent : R/LivingAlone - Reddit

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Like others say, it’s a pretty personal decision how much value you get and how much you can squeeze, but just for an alternative perspective, there’s a 50/30/20 rule of budgeting with your …

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Spending 50% Of Monthly Income On Rent? : R/povertyfinance

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My share of rent is now $1000 and I make anywhere from $2100-$3500 a month take home. 2 months ago I decided to tackle my student loans and I should have them completely gone by …

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Is Spending 50% Of My Monthly Income On Rent A Bad Idea? : R

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This heavily depends on income level and future expected income. I wouldn’t mind spending 50% at the start of my career if I expected to grow to higher income in a few years. Especially in the …

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50% Of Income Spent On Rent. : R/PersonalFinanceCanada - Reddit

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The idea of spending 50+% of income on rent is a daunting one. It's certainly not where you want to be forever, but it's not the end of the world. To get a real sense of your situation, you'd want …

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FAQs about r/personalfinance on Reddit: Is spending 50% of income on … Coupon?

Is spending 50% of your income bad or good?

Whether or not spending 50% of your income is bad or good doesn't change simply because it's becoming more common or not. These are two different things. A thing can be common and bad. It can be uncommon and good. There was a time that smoking was more common than it is now.. more of "the norm". ...

Is paying rent a waste of money?

OP also offers a great mental reframing of rent, saying, “As human beings, there are several things we need to survive, including food and shelter. Paying money for rent is no more a ‘waste’ of money than paying for food is.” For more, be sure to check out my article on real estate investing myths and my post on how to buy a house. 2. ...

Should a high earner pay 30% on rent?

Even high earners may have debt, child support, alimony, elder care, or other substantial expenses — like saving for retirement. And in the long run, paying 30% on rent may be an irresponsible practice. If you are a high earner you might be better off making an investment in buying property instead of allocating 30% or more to rent. ...

How much of your income goes to housing?

tl:dr 30% of after tax income towards housing is still a good rule of thumb to strive for. Increase your commute time and get roommates to get closer to that number. Doesn’t matter if it’s the new norm. If 50% of your income is going to housing you will be living pay check to pay check. ...

Is the Reddit personal finance subreddit worth reading?

The Reddit personal finance subreddit can be an interesting place. Here are 7 threads I consider must-reads. 1. “Paying rent is not ‘throwing away money'” If I ever go bald, know it’s because I tore my hair out every time I heard people say this. From the /r/personalfinance thread: ...

Is 50% housing + transportation reasonable?

If you can eliminate or drastically reduce your transportation expenses then it makes sense. 50% housing + transportation is considered reasonable. Some folks in the burbs may spend 25% on housing but also 40% on transportation so ending up paying more monthly than you. ...