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Reply to "If I make 112k income...how much should my rent be?"
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[quote=Anonymous]I've always heard the 30% rule too. So $110k x 0.3 gives you your yearly rent, /12 to get monthly, $2800. For cars, I've heard 10% for car payment, no more than 20% all in car expenses (insurance, maintenance, gas) which would be a car payment up to $916, all in at $1,833/mon. This seems REALLY high to me, but I drive an old paid off car lol. If you're single you can likely get something well under these and throw more into savings/retirement. [/quote]
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