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How much of your annual income should you spend on rent?
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[QUOTE="Carpon, post: 276833, member: 86701"] I think this is something that you have to consider since from the time that you are trying to find a house to rent. Know your net income and the place of budget comes in here. You make your budget allocating tye amount you can wield for each and every need you have to attend to. Your rent will have its own wieldabe amount and that is what you will be considering when renting a house. And as you have mentioned in the thread, your yearly rent must not exceed 1/4 of your total yearly income. You can bring this down to monthly salary - your rent should not exceed 1/4 of your monthly payment. Housing and shelter is indeed very vital and it is as you said one of the most basic needs and necessities of human beings who want to survive and thrive. As for me, my rent is even below 1/4 of my net income and I don't think I need to make it exceed that. [/QUOTE]
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How much of your annual income should you spend on rent?
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