How much should you spend on rent a month?
Online Answer
Most articles and financial experts recommend the "30% rule," spending 30% of your gross monthly income (before taxes) on your monthly rent. That means, if your income is $4,000 per month (or a $48,000 annual salary), then you should be paying $4,000 x 0.
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Regular bills often include:
- Rent or mortgage.
- Electricity.
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