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

My other expenses are low enough that I could be spending 40%-50% on rent and still be really safe…saving money as well. But I choose to keep two roommates. That and living in an affordable area allows me spend about 17% net or 13% gross on rent (not including utilities). Maybe your …

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

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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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The reality is that spending %50 of your income on rent just isn't possible, after utilities, phones bill, insurance, food, wifi and God forbid a car note. Reply reply open_reading_frame • Yup, …

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Spending 50% Of My Income To Rent : Personalfinance

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5 days ago · Please help if anyone has been in this situation. I make 2570 per month, i dont have debt and the apartment I'm thinking of moving into is a 10min...

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

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Go to personalfinance r/personalfinance. r/personalfinance. Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF …

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50/30/20 Budget Calculator - NerdWallet

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Our 50/30/20 calculator divides your take-home income, or the money that goes into your account after taxes, into suggested spending in three categories: 50% of net pay for needs, 30% for …

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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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What Is The 50/30/20 Rule? | PNC Insights - PNC Bank

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Dec 23, 2024 · The 50/30/20 rule divides your after-tax income into three categories: 50% for needs, 30% for wants, and 20% for savings or debt repayment. This budgeting method is easy …

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

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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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Millennials Spend 45% Of Income On Rent | Credit.com

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May 9, 2018 · GenX adults spent only 41% of their income on rent by age 30 ($82,000, inflation adjusted) while baby boomers spent just 36% (about $71,000). “Been there, done that,” said …

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Is Paying 50% Of My Monthly Income Unwise? : R/personalfinance

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Go to personalfinance r/personalfinance. r/personalfinance. Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. ... I found an amazing rooftop …

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Ask A Question Or Make A Comment - Sky News

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1 day ago · Money blog: Landlord seeking £1,350 for bedroom with unusual list of house rules goes viral; inflation drops to 2.5%. Inflation has come in at 2.5% for December, slightly lower …

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Is Spending 50% Of Monthly Income On Rent, Utilities, Internet

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19M subscribers in the personalfinance community. Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning…

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

Should you spend 30% of your income on rent?

On the other hand, spending 30% of income on rent could create an excessive strain on your budget. In this case, lowering rental costs may be necessary to free up income for other expenses. Depending on your circumstances and goals, choosing a home with rent costs that exceed the 30% guideline may make sense. ...

What percentage of income should go to rent?

While basing rental spending on guidelines like 30% of gross income or the 50/30/20 rule can help you get started, many variables go into determining what percentage of income should go to rent. ...

How much should you spend on housing?

Generally, experts recommend spending no more than 30% of monthly pre-tax income on housing. However, it’s not always that simple. According to the U.S. Census Bureau, between 2017 and 2021, over 40% of renter households (19 million) spent more than 30% of their income on rent . ...

Is personal rent affordable?

Going above the recommended threshold of 30% of your gross monthly income can make it harder to cover other expenses and meet savings goals. However, personal rent affordability can vary depending on a range of factors such as overall budget, outstanding debt, geographic location, and other housing-related costs. ...

What percentage of your income goes to a retirement plan?

With this approach, 50% of your monthly income goes toward necessities (including rent), 20% goes toward debt payments and savings (including retirement) and the remaining 30% is set aside for discretionary and lifestyle-related expenses. This strategy usually requires some calculations and tinkering. ...

Is 50% rent a good deal?

50% if you have low/no transportation costs and zero utilities (power, water, heat, cable, internet, trash) seems like a good deal to me. You’re still “paying” for all those basic needs but lumping it under rent. On a different note...have you ever lived with your BF before? Sharing a studio apartment can get very cramped. ...